Created in 2016
Created by Ned Scott and Dan Larimer
Steem is a blockchain-based social media platform that allows users to create and share content while earning rewards in the form of cryptocurrency. The platform has recently undergone a halving event, which means that the rewards for content creation have been reduced by 50%. This is a common occurrence in the cryptocurrency world and is designed to help maintain the value of the currency. In addition to content creation, Steem has also recently introduced NFTs, or non-fungible tokens, which allow users to create unique digital assets that can be bought, sold, and traded on the platform. This has opened up new opportunities for artists and creators to monetize their work and build a following on the platform. While Steem is not a traditional stock, it does have a market value that is determined by supply and demand on cryptocurrency exchanges. This means that users can buy and sell Steem like any other cryptocurrency, with the value fluctuating based on market conditions. Steem was founded in 2016 by Ned Scott and Dan Larimer, and has since grown to become one of the most popular blockchain-based social media platforms. The name "Steem" is a play on the word "esteem," reflecting the platform's focus on building a community of creators and rewarding them for their contributions. Overall, Steem offers a unique and innovative approach to social media and content creation, with opportunities for users to earn rewards and build a following while expressing themselves creatively.
Steem staking is a way to earn rewards on the Steem blockchain by holding and locking up your Steem tokens. This process is known as "powering up" and it allows you to become a more influential member of the Steem community. By staking your Steem, you can vote on content and help to curate the platform. The more Steem you stake, the more voting power you have and the more rewards you can earn. Staking is a great way to support the Steem ecosystem and to earn passive income. So, if you're looking to get involved in the Steem community, consider staking your tokens today!
Current Steem price is
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