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Review on Steem by gregori cordova

Revainrating 4 out of 5

Another of the many platforms that rewards its users very well.

Nowadays, there is a growing boom in platforms that seek to reward their users and content creators. This is the case of Steem, which rewards its users with the token bearing the same name, through a social network called Steemit. This decentralized platform is also executed on a chain of blocks and its main objective is to be friendlier with content creators, since currently the earnings for said content on other social networks are very few for the creator, because there are third parties involved who keep most of the income. This is a premise that has managed to attract the attention of many creators who have placed their trust in this platform.
content creators are very well rewarded on the steemit platform, with a cryptocurrency for internal use called Steem Power, which is usually something similar to RVN in Revain, and as your content becomes noticed, you get more visibility and more possibility of receiving higher rewards.
It was created in 2016, and it became very popular in the first days, so much so that its value managed to reach 4 usd per token in just 10 days. Later, due to the rise of similar platforms, their price dropped a lot, but at the beginning of this year 2020 it had an increase of 50% due to a possible and controversial Fork that could divide the platform in 2, as happened before with ethereum and ethereum classic. This is due to the fear of the steemit community that the company does not continue betting on the decentralization that they offer today.




Pros
  • It is part of a very friendly rewards system with content creators, through its social network Steemit
  • This cryptocurrency and decentralized platform has also partnered with a series of blogs to reward its users with that currency.
  • It reached a very large capitalization volume in its peak period, even on older projects, such as Litecoin or Dash
  • As you create more and more relevant content, you have the possibility of winning more and more rewards on Steem
  • it has a very simple and nice platform and is available in several languages
Cons
  • its price is very volatile, and its original value has not been maintained over time
  • creating an account on their social network, Steemit, is a bit complicated, since there are many keys to enter that often confuse users.