The financing comes from the reward pool. Each day a certain number of new tokens (Steem) are mined and distributed to creators and curators of quality content. The creators and curators receive this in return for contributing to the blockchain. The tokens have a monetary value because they are a commodity people are willing to exchange fiat currency for. That’s my understanding anyway, I’m fairly new to Steem so I could be wrong.
The financing comes from the reward pool. Each day a certain number of new tokens (Steem) are mined and distributed to creators and curators of quality content. The creators and curators receive this in return for contributing to the blockchain. The tokens have a monetary value because they are a commodity people are willing to exchange fiat currency for. That’s my understanding anyway, I’m fairly new to Steem so I could be wrong.