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Steem (STEEM)

Steem is a blockchain-based social media platform where anyone can earn rewards.

Steemit is a new social media platform built on the Steem blockchain where the community rewards individuals for their posts, comments and votes, co-founded by Ned Scott, CEO, and Daniel Larimer, CTO of Steemit and founder of Bitshares.

Underneath the hood of there is a tradeable cryptocurrency token, called Steem, and it's performing well on the US-based exchange,, and blockchain-based exchange With, posts, comments and votes are immutable. Attribution is a given. Accreditation is not taken for granted. And community appreciation is an actual reward.

Steem is a form of esteem, which means to prize or value. Steem is also a homophone for steam, which is frequently associated with power, and a step further, steam powered trains gave influence to English idioms, such as ‘this conversation is picking up steam.’ The associations with prizing, language and empowerment only felt right.

Ned Scott "steem" CEO of Steemit
Daniel Larimer "Bytemaster" CTO of Steemit, founder of Bitshares

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Last update: 12/15/2017