Steem is a cryptocurrency and blockchain that rewards and incentivizes users to post comments on websites. In addition to the STEEM token, Steem created the Smart Media Token (SMT), a customizable token publishers can use to incentivize an active community of users. Steem manages the creation process of the SMT for other publishers and allows the publishers to pay commenters on their third-party site in a custom currency or in STEEM tokens, potentially increasing demand for STEEM tokens.
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