Steem uses Smart Media Tokens
Steem is a blockchain-based gift platform for publishers to monetize content and grow the community.
Approximately USD Rewards are paid since June 2016:
$ 40,154,371
What is Smart Media Token?
SMT is the original digital asset in Steem blockchain. SMT can be launched by anyone to help monetize online content and create incentives to drive the desired user behavior.
SMT resembles the ERC-20 Ethereum token, but with certain 'Proof-of-Brain' properties and token distribution reward systems designed specifically for the digital content business.
community incentives
Proof-of-Brain is a type of token rewards algorithm that encourages people to create and curate content.
This enables tokens to be distributed by "upvote" and "like" -based algorithms and can be integrated with websites to align incentives between app owners and community members to spur growth.
Running decentralized reward-based social networks requires new advances in blockchain technology. Steem is the next generation blockchain, uniquely designed to run real-time applications with instant transactions, almost free of charge.
Steem has been tested for the last 18 months, processing more transactions per second than Bitcoin and Ethereum.
Steemit is a blogging platform with its own SMT called STEEM. These tokens are distributed to creators and curators daily as gifts, based on community voting.
We built Steemit in Steem to show the world of the future of the web. We built it to inspire new business models and apps of digital content by entrepreneurs and developers.
STEEM is a token platform on Steemit.com. It is distributed to the most valuable contributor with community voting. STEEM is a tradable token that is easily convertible to Bitcoin and Ethereum.
