Steem Token Explained. Should you invest in Steem in 2018

Decoding blockchane powered blogging platform

introduction
Cryptocurrency are undoubtedly changing the face of the financial industry, though this is a wonderful application. Although Satoshi Nakamoto will not be able to expect the development of cryptocurrency during the invention of Bitcoin in 2009 this year. In Bitcoin Whitepaper, it was described as a co-worker with an electronic cash system which will completely eliminate the centralized officers and the bodily postures. Bitcoin was one of the most successful digital currency of its time, because other digital currencies were not secure enough and scalable to support the global community. Without obtaining a consensus among the communities of such high scales, it was considered highly challenging without the central authority, but bitcoin proved to be wrong. Read about the IA stem token and its uses.

Steam and steam tokens
The steam token in the cryptocurrency domain is the one who gives power to its content publishing platform, steemit Steemit is similar to other blogging websites like Medium, WordPress, or Reddit, but the only major difference is that the website is operated by BlockChane Technology. The technique is so powerful that it is theoretically estimated that it is scalable enough to host the entire internet.

Steem token is used to reward users of the website which helps in its development. Steam tokens are not normally mined but are awarded with curators, material producers and power hodlers. There are no creators here but bloggers, photographers, artists, poets, etc. who constantly contribute to platform improvement. The mechanism is known as the evidence of the brain concept.

Further Insights
Creators get a reward in developing better content, which is celebrated as an uptake in the form of stem tokens, which can be traded with traditional Fiat currencies on exchanges such as Open Laser, Chenglali and Bittrex.

There is no specific circulation supply in steem token and inflation rate is fixed at 100% per year. Steam tokens are a form of smart media tokens or SMT that can be effectively used for trading another cryptocurrency such as bitcoin, Ethereum, light cone etc. SMT tokens share most of the features of the ERC 20 token.

D.tube
The Steemit Community also has another service to offer to its customers. D.tube, which is considered to be similar to YouTube, is block-based and users can realize the difference between traditional video publishing websites and D.tube, because the amount of money earned is also displayed next to the post. Share and comments.

Loopholes in Steemit?

However, the Steeemit community is accused of stolen goods on their publication website. Ironically, the reach of the highest level is not when the original content gets more praise and income than its copied versions. It seems that users are focusing more on making money and maintaining the overall cleanliness of the project.

Is this a suitable option for investment?
Tokens lost its value and in the early months of 2017 it had fallen almost $ 0.14. However, Steam Token is currently evaluated to do business around $ 1.03. However, in December 2017, tokens prices reached $ 4 with a sudden rise in market capitalization. Investors have firm belief in their skilled and open minded developers and hence the community looks in the future. If those proposed roadmaps are successfully implemented, then they are most suitable for long-term investment.

However, in this highly unpredictable cryptosystem, the development of the steemit community is absolutely uncertain. Since the content publication project is decentralized and fully based on the demand and supply market forces, no prediction of cryptocurrency professionals can be 100% accurate. Therefore, it is up to the investor's responsibility to ensure the effective background check on the steam token. Its content publishing platform, Steemit; in the Disclaimer section of Stem Token; A blogging website operated by BlockChain Technology. Top priority should be given when doing research, because it is where most of the major points are added.

Conclusion
The world requires a global cryptocurrency, which will completely eliminate the foreign exchange charges along with all arbitrators and transactions. To become a global currency, so many cryptocracies that compete with each other. Some major currencies like Bitcoin, Atrialum, Ripple, Bitcoin Cash and Light Cone have more possibilities to be accepted globally.