What is Steem?
Steem tries to grow communities with the help of blockchain technology by rewarding them for their involvement in the community. This reward takes place in the form of Steem and is currently being applied to social media platforms such as Steemit.
Steemit is a social media platform that can be compared with Reddit. However, Steemit distinguishes itself from Reddit and other social media platforms because it is built on blockchain technology and because it is possible for users to make money with Steemit. Users can earn money by producing content themselves and placing it on Steemit. This increases their rewards the more people have looked at the article or the more "upvotes" have been given. In addition, readers can earn money if they give upvotes to articles that later receive more upvotes from other readers. These fees are paid from the advertising revenue that is generated and all take place in Steem.