steemit basic

Steemit is a blogging and social networking website that uses its Steem blockchain-based rewards platform for publishers.[2] The Steem blockchain produces Steem and Steem Dollars which are magic bean tokens obtained for posting, discovering, and commenting on content.[3]

Steemit, Inc is a privately held company based in New York City and headquartered in Virginia. The company was founded by Ned Scott, the advisor of Appics[4], and Dan Larimer, creator of BitShares, and EOS.[5][6]