"Steem is a blockchain database that supports community building and social interaction with cryptocurrency rewards. Steem combines concepts from social media with lessons earned from building cryptocurrencies and their communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects each person’s contribution. Steem is the first cryptocurrency that attempts to accurately and transparently reward an unbounded number of individuals who make subjective contributions to its community."
What we don't like:
Steem still has a large barrier of entry for non-crypto users. The difference between Steem, Steem Dollars and Steem power can take lots research to understand. The interface of Steem is not as inviting as its non-blockchain competitors.
What we like:
Steem is now a hallmark for the crypto community. It is a social media hub on the blockchain for crypto fans. Unlike other social media platforms that sell users data with no reward to the users, content receiving upvotes on Steem have financial rewards attached. Steem is a safe investment for crypto markets. Its value will likely increase at the same rate of the expansion of crypto markets. Steem provides incentives for its members to hold Steem long-term, thus decreasing drastic price shifts.