Steem (STEEM) - a platform for social networks, based on block connections, where each user can earn. By placing relevant content, publishing, voting, promoting and using cryptocurrency.
Users use the steve account system to increase content and receive rewards. Owners of Steem Power receive interest from their holdings. The more Steem Power has a user, the more revenue he will generate for himself (in the form of SP) and for the creator of content (in SBD).
The incentive to promote content at an early stage is a fee distributed depending on the time. The earliest votes receive the largest share of the remuneration. Steem is converted into Steem Backed Dollars and sent to the creator of the content in the account.