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Easily convert STEEM to ALCX with ConvertOnline's efficient tool.
Steem (STEEM) is a blockchain-based cryptocurrency designed to reward users for creating and curating content on social media platforms. It operates on the Steem blockchain, which allows for fast transaction times and a unique mechanism to incentivize user engagement and contribution.
Alchemix (ALCX) is a decentralized finance (DeFi) protocol that allows users to create self-repaying loans using their crypto assets as collateral. By leveraging future yield from deposited assets, Alchemix enables users to access liquidity without the need for traditional repayment methods.