Steem is an aggregate social networking site where users, or “Steemians”, post original content, links from the Internet and questions. Steem users upvote or downvote this content to promote interesting post and reward the author. As a post’s popularity increases, it gains more visibility and the author is likely to receive even more rewards for their effort.
Posts that are downvoted or fail to garner many upvotes quickly vanish from view as higher quality content rises to the top of the “Hot” and “Active” list on the Steemit front page. Steem users receive rewards for upvotes on their original content, links and comments, but they can also lose rewards for unpopular post by being downvoted, especially by large stakeholders in the Steem platform called “whales” — giving an incentive not to just post, but to post high-quality or especially interesting and relevant content. Any Steemian can comment on posts, and their comments can generate interesting debate or give further details on the topic at hand.
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