While “Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content.”
BEEM comes up as a supplement inner-chain / smart media Token to boost and accelerate users on steem.
BEEM is a rewarding inner-chain living on the STEEM blockchain.
The Token is minted by Steem Users via PoP (Proof Of Participation), generating the BEEM circulating supply, delegating a provably random PoP minter to earn a boosting STEEM reward per minted block (average time 1 Hour) while increasing @SteemBeem backed SP.
The Token is burned in redemption for services, the cycle consists of minting and consuming while Increasing SteemBeem power for the benefits of BEEM holders:
BEEM will migrate as SMT (Smart Media Tokens) when they become available on Steem.
Until then, tokens are only getting distributed and redeemed, but not tradable.