Why Steem Is More Than Just a Cryptocurrency

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Whenever the word cryptocurrency is mentioned to people, the first thing that comes to mind is trading, price charts, and profits. Steem, the cryptocurrency that challenges this narrow perception. Steem is not just a Cryptocurrency, it is a currency on the Steem blockchain that is used to reward human creativity, community engagement, and knowledge on the Steemit platform.

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Unlike other cryptocurrencies that focus on financial transactions, Steem is different as it places human creativity at the centre of its ecosystem. On the Steemit platform, every comment, post, and upvote represents the interaction of humans, which sums up everything into value.

The unique aspect of STEEM is that it is used as a reward system. Content creators like you and me can get rewarded with Steem currency when we interact on the Steemit platform. The system that is used on the Steemit platform transforms social media from a platform of free labor into an ecosystem of fair compensation.

from my steemit wallet

Also, on the Steemit platform, Steem power represents long-term commitment rather than short-term profit. By powering up, it means you gain more influence in the platform, helping to decide which content deserves rewards and visibility. This is what creates a greater sense of shared ownership in the Steemit platform, where everyone on the platform is a stakeholder and not just a participant.

Steem thrives on community collaboration while many other cryptocurrencies revolve around speculation. On the Steemit platform, people support one another through comments, mentorship, engagement, and upvotes. With all we have said we can conclude that Steem feels like a market and more like a digital society on contribution and trust.