What is Steem Dollars (STEEM) coin?
Steem Backed Dollars or Steem Dollars are stable value assets published on the Steem.it platform. STEEM is linked to USD and can be redeemed on a Steem.it platform for approximately one dollar Steem.
When content creators receive awards on the Steem.it platform, they are offered at 50% Steem Power, which can be used continuously for 104 weeks, and at 50% SBD, which can fully redeem for Steem within 5 days. STEEM can also be transferred on and off the Steem Platform.
Steem block is a chain-based social news service that runs a blog and social networking site. Users earn Steem Dollars (STEEM) generated by the platform by sharing and commenting on different content.
How Does Steemit Work?
Steemit is based on a concept similar to Reddit. The website has a wide range of content and a home page. Users can magnify or reject the content based on the perceived value of the content.
What makes Steemit different is that the text content is saved to a blocker. Using a blocker, Steemit can reward comments and mail with secure tokens and values. Steemit has two different digital tokens, including STEEM and Steem Dollar.
Steemit can also host pictures. Users can upload pictures and other multimedia content.
As in Reddit, Steemit users can upgrade posts and comments. Upgraded authors may receive monetary prizes in the form of STEEM or Steem Dollars.
Does he have a future?
The project and the crypto currency enable everyone of interest to earn money and earn money from those users who have a significant share of followers on social networks, forums and platforms.
Each comment, view and share has a separate pricing. If such a platform is established in our country, everyone will show serious interest.