Steem (STEEM)

steemit.com    @steemit @busyorg @chainbb @steemchain
Steem is a blockchain-based social media platform where anyone can earn rewards.
CEO NameChris Keo, Ned Scott, Jesta Aaron
Year Founded2016
Founders CountryUSA
Registration CountryGlobal
Crowdsale SiteNo crowdsale - mining distribution
Number of Employees15-50
ICO Start
ICO End
Token TypeIndependent Graphene Blockchain
BlockchainSteem
SectorContent
IndustryTechnology

Tokens Distribution

Total Supply~255,000
Initial Circulating Supply
Circulating Supply
% in Circulation
Initial Token Price
Market Cap
Circulating Cap
Foundation Worth
Type of Raise
Amount Raised USD
Number of Participating Addresses268,569
Presale % Allocation
Token Function
  • Unique properties of STEEM make it "smart" and "social" compared to other tokens, such as bitcoin and ether, and this stems from two new token features: 1) a pool of tokens dedicated to incentivizing content creation and curation (the "rewards pool") 2) a voting system that leverages the wisdom of the crowd to assess the value of content and distribute tokens to it. These two unique properties when combined are referred to as Proof-of-Brain, which is an entendre based on Proof-of-Work meant to emphasize the human work required to distribute tokens to community participants. Proof-of-Brain positions STEEM as a tool for building a perpetually growing community by aligning incentives between content websites and users.
Inflation Method9% annually, disinflating to .9% over 19 years; 75% to Proof of Brain; 10% to Stakers; 15% to Block Producers
ICO Service Providers

Key Vesting Dates

White PaperWhite Paper

Management

Chris Keo, Ned Scott, Jesta Aaron
Steem runs on DPoS with 20+ block producers and advising code decisions

Advisors

Frank Rimalovski
Andrew Haines
William Mougayar