What is Steem?

Steem is not a sophisticated financial system or business introduction but a currency that uses SNS mechanism.

What is Steem?

Steem is the virtual currency developed by Daniel Larimar.

Currently (October 13, 2017) market capitalization is about 250 million dollars and ranked number 26. It was a popular currency so far as to be within 10th place. The use of Steem is easier to understand than the other virtual currencies, and its use is limited.

Steem is the currency used on social platform made from block chains. Steem's social platform is called Steemit . Users can only receive Steem and Steem Dollar as rewards by posting articles on this platform.

As you can see in the site, as many people have posted it already. In Steem, if you post a paid article and get Upvote (better) you get more rewards. And Steem has issued three kinds of currencies.