Hello everyone, I am Ahan from the Direction Community. Today I will talk to you about STEEM.
Steem is a blockchain database that supports community building and social interaction through cryptocurrency rewards. Steem combines social media concepts with lessons learned from cryptocurrency and its community building process. An important key to incentivizing participation in communities, currencies, or free market economies is a fair accounting system that consistently reflects everyone's contributions. Steem is the first project to attempt to accurately and transparently reward countless individuals who make subjective contributions to its community.
Launched on July 4, 2016, Steemit is the first application available on Steem. Steemit provides users with automatic content feeds based on their preferences. Users have the opportunity to earn cryptocurrency as a reward for creating and curating content.
Unlike many other crypto projects, Steemit is not really part of the DeFi space. It's more like a social game.
In the era of traditional social media, users have little control over their data due to the concentration of power in the hands of a few companies, which allows advertising agencies to use the data without their knowledge. However, the rise of Web3 social media sites aims to solve this problem.
By leveraging the decentralized nature of public blockchains, these platforms eliminate the need for central institutions or single points of failure. This decentralization empowers users, giving them greater control over their own data and creating a more transparent and consent-driven content sharing environment.
When considering any investment, it is important to conduct thorough research and make informed decisions based on your personal circumstances.
According to the current K-line trend of steem, it can be seen that a double-top structure has been formed at the daily level. There is a high probability that there will be a wave of pull-up trends in the short term. Friends who want to participate can enter at the current price, and the range of 0.29-0.32 is also possible. Today's sharing ends here, I hope it will be helpful to your investment. See you next time!
