Steemit.com is a social networking site that shares its value with its users. Simply put, you could say that you pay your users for writing, reading and choosing valuable content through voting, but that's not all.
Few words about SteemitSocial network Steemit was established in March 2016 on the initiative of Ned Scott and Dan Larimer. Its creators wanted the portal users to care for the atmosphere in its prevailing atmosphere. At the same time, the freedom of expression was to be preserved. However, unlike similar such websites, users earn on creating content.
Payments are based on a steem cryptocurrency that can be exchanged for dollars or other cryptocurrencies using online exchanges. Interestingly, it turns out that the founders' assumptions are working. The portal has created a community that creates valuable content and rewards positive comments. All thanks to the additional financial motivation - everyone wants to be liked. Consequently, hardly anyone decides to strain their reputation with a malicious commentary or ordinary trolling.
The service is also popular outside of United in which he was created. One of the most active users in Africa earned over $ 41,000 in just a few months. Steemit in terms of content does not differ from other social websites. Its users run thematic blogs about travel, photography, art and even economics. In this way, they build a community that provides them not only recognizability, but also money. The difference is that instead of earning money from advertising, they receive a virtual currency payment for the content they publish.
STEEM CURRENCYThere are three basic tokens on the Steemit platform:
- STEEM - token generated in the Steem blockchain. It is a cryptocurrency that we can use like any other. This means that we can buy or sell it at any time, and its current value can be checked, for example, on the coinmarketcap. Using the wallet available on the site, collected STEEM can also be exchanged for Steem Power to increase the strength of your voice. Steemit - exchange your thoughts on cryptocurrencies, or how the mix of Facebook and Bitcoin looks.
- Steem Dollars (SBD) - the second of tokens generated in Steem. Its name is an abbreviation of STEEM Blockchain Dollar. It was created to provide security against various speculations, and its value should always be $ 1. How much it is worth at this moment is also checked on the coinmarketcap page. The SBD currency can be purchased in two ways - by buying on the outside or through your Steemit activity.
- Steem Power (SP) - this unit reflects the amount of STEEM we have placed on Steemit. In other words, this is our investment in the platform. This is what determines the strength of our voice. We acquire Steem Power by publishing content for which other users will give us a vote, we receive it for votes on other people's posts or through the exchange of STEEM collected by us.