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Re:Dtube – A decentralized video platform using STEEM and IPFS by chippy on Wednesday February 28, 2018 @06:03AM (#16482154)
edit: https://steemit.com/faq.html#How_does_Steemit_work might be better.

"Every day, the Steem blockchain mints new STEEM tokens and adds them to a community's "rewards pool". These tokens are then awarded to users for their contributions, based on the votes that their content receives. Users who hold more tokens in their account as "Steem Power" will get to decide where a larger portion of the rewards pool is distributed."

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