Steemit has redefined the concept of social media by creating a living, breathing social economy. Users are rewarded for sharing their opinions. It's a new type of attention economy. Steemit is just one of many websites powered by the Steem blockchain. All these websites read and submit content to the Steem Blockchain. The Steem blockchain stores the content in an immutable ledger and rewards users with digital tokens called Steem. Every day, new STEEM tokens are created by the Steem blockchain and added to a community's reward pool. These tokens are then given to users for their contributions based on how many votes they receive. Users with more tokens than "Steem Power", will be able to choose where a larger percentage of the rewards pool is distributed.