Review on Steem by Toprak Dere
About Steem
The Steemit network produces a new Steem unit every day and offers it to its users. Users can use these tokens in various crypto currency exchanges. So, how are these tokens distributed? Users are allowed to earn from Steem tokens in exchange for activities such as liking, commenting and voting on other people's posts on the platform.
Thanks to Smart Media Tokens (SMT), which we can describe as a digital asset specific to Steem Blockchain, anyone can convert their online content into money. We can compare SMTs to ERC20 tokens on the Ethereum Blockchain. However, SMTs work according to a different algorithm called Proof of Reason (PoB). In addition, SMTs have an award distribution system that enables digital content producers to be awarded.
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Pros
- The legend was once valued but is now in a creep position. Yet there is still a belief that one day it will reaffirm
- blockchain-based online media platform.
Cons
- value is very volatile
- The reward system is far from justice
New products
Comments (1)
December 02, 2020
I've been using STEEM for couple of months and I did say it's an awesome blockchain contact writing platform for users to earn, there are multiple ways of earning on steemit like staking, curation, delegation users can be paid for even upvoting content.
