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Steem calls itself "a social blockchain that can develop communities and enable users to earn revenue streams by rewarding shared content." It also provides support for real applications through social apps like Steemit.
Steem was originally a cryptocurrency on the Steemit platform and rewarded users for building communities by supporting and posting meaningful content.
The Steemit platform was founded in 2016 by Ned Scott and BitShares creator Dan Larimer. Built on the Steem blockchain, the Steemit platform is a social media network designed to be a source of curated community-driven content such as news, Q&A and working committees.
The greater the value of specific content that can be delivered to more people, the greater the reward for the creator. Steemit users can vote to create a hierarchy of content. The higher the number of upvotes received for a piece of content, the more Steem the publisher gets. Steemit's elite management system also allows users with more currency to cast more meaningful and influential votes.
STEEM news is promising and this may be a great time to buy STEEM. If you are still not clear on how to buy STEEM, don't worry. From Bitnovo we will advise you throughout the purchase process and in a matter of minutes you will have your STEEM in your wallet.