Steemit is a blogging platform with it's own SMT called STEEM. These tokens id distributed to content creator and curators daily as rewards, based on community voting.
Steem is a blockchain-based rewards platform for publishers to monetize content and grow community.
STEEM is the platform token on Steemit.com. It's distributed to the most valuable contributors by community voting. STEEM is a tradeable token that is easily convertible to Bitcoin and Ethereum.
We built Steemit on Steem to show the world the future of the web. We built it to inspire new digital content business models and apps by entrepreneurs and developers.