Steem

Steem is a blockchain-based digital asset launched in March 2016 that underpins Steemit, a social media platform where users earn cryptocurrency for posting and curating content. It addresses the problem of unpaid value creation on platforms like Reddit and Medium by redistributing a portion of network rewards to the people whose contributions attract attention. The intended audience is content creators, curators, and community participants who want to be compensated directly for the engagement they generate.

Steem operates on a Delegated Proof-of-Stake consensus mechanism, where token holders vote for a set of block producers who validate transactions on their behalf, with blocks settling in effectively real time given the sub-minute block time recorded in the data. Within the system, STEEM tokens are used to participate in governance, power up into a staked form to influence content rewards, and convert into other internal units used for day-to-day platform activity. All of this activity lives on the Steem blockchain itself rather than on an external network.

The data provided does not include a measurable fee stream, revenue figure, or protocol earnings, so fee-based measures common on this site are not applicable to Steem as stored here. The token economics are instead oriented around inflationary issuance: nearly the entire possible supply is already circulating, with 99.999 percent of supply issued as of the point-in-time snapshot, leaving a dilution overhang of just 0.018 percent and a fully diluted value that is almost identical to the current market capitalisation of approximately 29.4 million dollars. Rewards to content creators and curators are funded through that ongoing issuance rather than through transaction fees paid by users.