Overview
While “Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content.”
BEEM comes up as a supplement inner-chain / smart media Token to boost and accelerate users on steem.
Specifications
BEEM is a rewarding inner-chain living on the STEEM blockchain.
The Token is minted by Steem Users via PoP (Proof Of Participation), generating the BEEM circulating supply, delegating a provably random PoP minter to earn a boosting STEEM reward per minted block (average time 1 Hour) while increasing @SteemBeem backed SP.
The Token is burned in redemption for services, the cycle consists of minting and consuming while Increasing SteemBeem power for the benefits of BEEM holders:
- SteemBeem minting:
-- The PoP BEEM Minter distributes BEEM for participants
-- A Provably Random Block Miner is Rewarded 50% STEEM
--Stacks Up More SP the 50% of Block's STEEM left
- Beem Upvote: Post Voting Service - using BEEM ( over the BID Based BEEM BOT)
- Beem Promote: Post Promotion Service - BEEM Redemption For Promotion and Resteem
You will be able to Mint BEEM soon in the few next days
It will be announced on the Genesis Block Post
Don't miss the startup, follow and resteem,Cheers!
Tokenomic Cycle
BEEM will migrate as SMT (Smart Media Tokens) when they become available on Steem.
Until then, tokens are only getting distributed and redeemed, but not tradable.
