Steemit is a blockchain-based social media platform that rewards its users for creating and curating content. It was launched in 2016 and is built on the Steem blockchain, which allows for fast and free transactions.

The platform allows users to earn rewards in the form of the cryptocurrency STEEM for their posts, comments, and upvotes. The rewards are distributed based on a voting system, where users can vote for the content they like and the author and curators are paid based on the number of votes they receive.

Steemit provides a decentralized and incentivized platform for users to share their thoughts, opinions, and creativity, and has since become a popular platform for bloggers, content creators, and cryptocurrency enthusiasts.