Steem (STEEM) Cambio

Steem made its debut as a social blockchain network that strives to grow communities. The Steem network is used to power real-world applications through social apps like Steemit. The Steem blockchain model thrives based on user-generated content and the distribution of rewards to the contributors.

The Steemit blockchain serves developers who can use the Steemit open source code to start building applications, HODLers who can invest in the network’s native token, the STEEM, and social users who utilize the platform to grow their audience through creative contents while also getting paid.

Steem was founded in 2016 by Ned Scott and Dan Larimer. The platform both created uses a meritocratic system in which users can cast votes to create a hierarchy of content.