Steamit is a social network and content rewards platform
which uses Steem technology to reward users for curating
content all over the internet. It gives rewards in 50% Steem
power, and 50% Steem dollars. By building an online
community which is rewarded in cryptocurrency for sharing
their voice, Steemit is redefining the world of social media, and
is quickly building a growing social economy as it is the users
who earn rewards from using it rather than only the company
shareholders like other platforms. Visit site here:
www.steamit.com
A community is being built by allowing users to reward other
users for the content which they post by using the
revolutionary Steem blockchain and cryptocurrency. It is free
to post on Steemit.com, which is what makes it perfect for the
regular person as well as the content creators, and it is ‘minted’
daily. That daily currency is then distributed to content
producers according to how many votes they get for the posts
they make.
How you can earn digital tokens on Steemit
Steem has several types of tokens, Steem, Steem Dollars (SBD),
and Steem Power (a denomination of VESTS). Steem and steem
dollars are liquid while steem power is not.
When you are paid on the website Steemit, you can choose to
be paid 50% in STEEM Power and 50% in STEEM Dollars, or
100% in steem power. Here’s an example of a 50/50 payout: If
you earn $200 on a post, you will get $100 STEEM Dollars, and
50 STEEM Power (assuming STEEM Power is worth $2 each, at
the current time).
Steemit has three ways in which you can earn digital tokens as
a community participant, and it’s easy and simple to get
involved and start being rewarded with cryptocurrency. As
shared on the Steemit website, as part of the community you
can earn digital tokens by:
Posting – By sharing your posts, you can
earn upvotes from community members.
Depending on the upvotes you receive, you
will get a portion of the ongoing Steem
reward pool.
Voting and curating – If you discover a
post and upvote it before it becomes
popular, you can earn a curation reward.
The reward amount will depend on the
amount of Steem Power you have.
Purchasing – Users can purchase Steem
or Steem Dollar tokens directly through
the Steemit wallet using bitcoin, Ether, or
BitShares tokens. They are also available
from other markets and exchanges
including BlockTrades, Poloniex, Bittrex,
Shapeshift.io, and Changelly. Steem
tokens that are powered up to Steem
Power earn a small amount of interest for
holding.
Earning digital tokens is easy, and the Steemit policy makes it
fair for all users to be rewarded no matter how often they
participate and post. Digital tokens are created constantly by
the Steem network. Some of the tokens are given to the users
who add real value to Steemit by posting content, commenting
on other users’ content, and voting on the content of others,
and the rest of the daily digital token pot is them distributed
among the holders of Steem power and the witnesses who
power the blockchain.
Storing Your Steem Currencies
The official Steemit website has wallet functionality built-in, so
by signing up to the site you have also created your wallet for
storing, Steem, Steem Dollars and Steem Power. There is also a
command line wallet you can download and also a mobile
wallet known as eSteem, which acts as a mobile interface to the
social network itself allowing you to access all the main
features of the site and also transfer your funds.
What makes Steem different?
Although there are many other tipping platforms emerging at
the moment, Steem is different from the rest. Many other
cryptocurrency tipping platforms require their users to give
something up in order to reward others for their contributions.
However, to reward others on Steem all a user needs to do is to
vote for another users’ content or post, much like you would
like a post on Facebook or upvote a post on Reddit. This
encourages users to participate in the community and rewards
the best contributions with currency which can be collected in
their own personal wallet and exchanged at any point for real-
world fiat currency.
Conclusion
We all use social media, but it’s probably never occurred to you
before that you could be rewarded for the content you share.
Steem is changing the way we use social media, by allowing
users to earn rewards for their active participation. By putting
an incentive behind interaction, this technology is creating a
thriving community where quality content matters.
If you have content to share which deserves to be seen by a
large audience, and which you deserve to be rewarded for,
Steemit is perfect for all the aspiring writers among us, as well
as regular people with views to share and discuss.
Incentivizing and rewarding the users of a social media
platform is a great idea as it promotes growth, and creates a
community of people interacting with others. On top of that,
digital tokens are distributed in a fair way so that the best
content gets cryptocurrency recognition and everyone gets
recognized for their efforts of taking part.
Steem is a forward-thinking blockchain-technology platform,
which could make a huge impact and contribution to the
already buzzing social media world as its rewards give people
a reason to join and to actively get involved.
