Steem

Steem is a blockchain-based digital asset launched on 24 March 2016 that underpins Steemit, a social media platform where users earn cryptocurrency for publishing, curating, and upvoting content. It addresses the problem of uncompensated community contribution that exists on traditional content platforms like Reddit and Medium by redirecting value to the people who create and sort that content. The intended audience is content creators, readers, and community curators who want a financial stake in the network they help build.

Steem operates on a Delegated Proof-of-Stake consensus model, in which token holders vote for a set of block producers who validate transactions on their behalf. The STEEM token is used within the Steemit ecosystem to reward posts and upvotes, with the weight of a user's vote tied to the amount of stake they hold or have had delegated to them. Because blocks are recorded essentially instantaneously — the stored block time is 0.0 minutes — the chain aims to support the rapid, high-frequency interactions typical of a social media environment.

The data stored for Steem does not include a fee stream, so no fee-based metrics such as protocol revenue or fee yield are available on this site. Rewards to creators and curators are distributed through token issuance rather than transaction fees collected from users. With 99.99 percent of supply already issued at this point in time and a fully diluted value effectively equal to the circulating market cap of 36,576,795 USD — an fdv-to-mcap ratio of 1.000001 — there is very little remaining inflation overhang, as the dilution overhang figure of 0.000149 percent also confirms.