Steem
Business Profile
Core Value Proposition
Steem provides a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content.
Target Customer
{"Developers","Entrepreneurs","Social Users","HODLers"}
Key Differentiator
The only blockchain built from the ground up to power social/web applications; near-instant, fee-less transactions; scalable to support social apps; large existing ecosystem with 1M+ users and 324 Steem-based apps; reward-sharing model that monetizes contributor activity.
Implementation Timeline
{"notes":["Transaction processing occurs in near real-time (every 3 seconds, 24/7/365)","Turnkey tools and APIs enable relatively quick integration for developers","There is an existing 1 million+ user base and 324 Steem-based apps, suggesting rapid onboarding potential"]}
Pain Points
- 1Traditional social platforms monetize user content for platform owners while creators receive little to no direct compensation.
- 2Most blockchains are slow and expensive for running real-time social applications.
- 3Users want control over their data and a way to monetize their contributions rather than relying on centralized platforms.
Key Features
- 1Near-instant, fee-less transactions with intelligent bandwidth allocation
- 2Fast processing every 3 seconds, 24/7/365
- 3Built to scale to support social applications at scale
- 4Turnkey development options and APIs for building on Steem
- 5SteemConnect single sign-on for easy user authentication
- 6Reward Sharing mechanism to monetize user participation
Target Customer Industries
Decision Makers
- 1Developer
Client Results
- 1Users can earn cryptocurrency rewards for content contributions
- 2Developers can monetize engagement through Steem's reward system
- 3Communities can grow with built-in revenue opportunities and data ownership
Competitive Advantages
- 1Only blockchain designed specifically to power social applications
- 2Near-instant, fee-less transactions suitable for social apps
- 3Reward Sharing enables developers to monetize participation for free
- 4Large, active ecosystem with 1M+ users and multiple Steem-based apps
- 5SteemConnect provides easy SSO integration for apps
Key Benefits
Case Studies & Success Stories
Steemit - First app built on Steem blockchain
Steemit is an open-source blogging platform that pays people for content. Powered by Steem's 'proof-of-brain' rewards, Steemit grew to be a top 1000 website by global traffic within 2 years. It exemplifies a social network that pays its community.
Additional Product Information
Product Description
Steem is a social blockchain that grows communities and enables immediate revenue streams for users by rewarding content contributions. It is presented as a fast, free, scalable blockchain designed to power social apps like Steemit, with a reward-sharing model and turnkey development tools.
Target Market
{"Developers building Steem-based apps","Entrepreneurs monetizing content and growing communities","Social content creators and participants (HODLers as token holders/investors)"}
Unique Value Proposition
Steem uniquely combines a social blockchain with near-instant, fee-less transactions and a reward-sharing model that monetizes user engagement, backed by a large, active ecosystem and developer-friendly tooling (APIs, SteemConnect, open source).
Technical Requirements
{"Near-instant, fee-less transactions with scalable throughput","3-second block/transaction processing","SteemConnect single sign-on for user authentication","APIs and open-source components for integration"}
Pricing Model
Not disclosed in content; described as a rewards-based model with free integration via turnkey solutions and an open-source ecosystem. Revenue is generated through the reward-sharing mechanism rather than a stated pricing plan.
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