STEEM is a blockchain-based social media platform that rewards users for creating and curating content. It operates on a cryptocurrency called STEEM, which users earn by posting articles, sharing videos, and engaging with others. The platform encourages community interaction and values contributions through a unique voting system. Users can also stake their STEEM tokens to gain more influence on the platform, allowing them to earn higher rewards. STEEM is designed to empower content creators and foster a decentralized environment where users can monetize their work without relying on traditional advertising models.