Steem Price Prediction: Does STEEM Have A Future?

Steem is a social blockchain that offers an instant earning opportunity. The users can get rewarded for sharing the content. According to the project website, it’s the only network that powers real applications via social apps like Steemit — the first application built on Steem in 2016. The vision of the project is that the venture contributors should be paid by the owners just like the startups that allocate the shares during funding rounds. It also aspires to serve the community by providing numerous financial opportunities.

Steem was founded by financial analyst Ned Scott and blockchain developer Dan Larimer and aspires to return the value of all the content created on social media to those who generated it. To achieve these all the users were made the stakeholders and were provided with full control over their own data. After each contribution, the user gets rewarded in crypto.

The network also offers free and fast (processing every 4 seconds 24/7) transactions and is considered scalable for social applications as it provides unique features of crypto in social media. It was already used by over 1 million people on over 300 Steem-based apps.

The blockchain protocol is public, and the users can interact with each other and earn money. Steem combines the features of cryptocurrencies and social media. To grant fair rewards distribution, the blockchain runs a reward structure reflecting everyone’s contribution.

Smart Media Token (SMT) is a native digital asset on the Steem blockchain. The token can be integrated into a web application and used to create incentives to engage users in using the platform and growing the community. Unlike other assets created through mining, STM is created by the scheduled witnesses, then distributed to the reward pull, which redistributes the rewards according to contribution.