Steem was created to empower people across the world and incentivize good discussion on the internet. The underlying technology is open source and free for anyone to build and enhance upon.
Steam, it is a social media platform. Where people can blog and upload content and get financially rewarded for it via a cryptocurrency. Cold scene members can upvote posts and comment. So that the authors can be financially rewarded. You're the voter can also be rewarded.
When you upload the posts, which later turned out to be very popular. The payment system steam is a cryptocurrency. Which can be sold on trading sites. All the currency a fixed amount of steam is produced every day and mix up the rewards, that are available for posts and voters.
The project was founded in 2016 by Ned Scott and Graham Lorimer. Well seaman is a social network and it is built. On a watching the site is still in its beta base. But it's sure going to be a big part of the future.