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#Steem News

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Steem is a social network and at the same time, it’s a platform based on blockchain technology, where every participant may receive a reward. The reward is received for the creation of content. It can be posts, articles, video and other materials which you can post in the Steem social network and every action like this will be rewarded. Capitalization of the reviewed project is about 115 million dollars and the maximum price of one token was $2.52. Besides cryptocurrency token, the social network has two more tools: Steem Power and Steem Backed Dollars. Steem Power is a so-called indicator of the user significance in the network. The more Steem Power you have, the more valuable will be your vote for the person whose post you evaluate. This cryptocurrency has several benefits: Original mining system; Being the analog of the social network, it doesn’t have spam and advertising blocks; Every person has a chance to earn. The steem blockchain is a totally unusual solution for designing a social network. The potential of this network is yet to be analyzed as the predominance of Instagram and Facebook is still obvious and we can say for sure that it will be really hard for users to move from them into a totally different social network. However, we will follow up all the Steem news on this page.

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