Steem

About Steem

Steem (STEEM) is a blockchain-based cryptocurrency launched in 2016, designed to power a decentralized social media ecosystem. What sets it apart is its reward mechanism, which distributes cryptocurrency to users who create and curate content, turning engagement into earnings. Built by co-founders including Dan Larimer, Steem underpins Steemit, a Reddit-style platform where upvotes determine how much creators earn. The ecosystem also includes D.tube, a decentralized video-sharing service similar to YouTube. Steem introduced the concept of monetized community participation directly on-chain, making it an early pioneer in social blockchain applications.