STEEMIT rewards users who post and comment with digital STEEM. You can accumulate it and power up for STEEM POWER or cash it out for fiat.
STEEMIT's creators intention was to challenge the power and reward imbalance of Facebook, by rewarding contributors in and accurate and transparent way.
The amount of STEEM rolled out to STEEMIANS was over $1.2 million USD virtually overnight after inception.
Over $30 million STEEM has been doled out to it's users and even more to come as we grow.
It is also one of the most traded cryptocurrencies along with Bitcoin and Ethereum.
The concept of allowing users to directly profit is a more equitable methodology, than limiting the profits to the founders, like Facebook.
Source: www.wired.com
