The best thing to happen to you is when you start enjoying making money. The icing on the cake is when you can make crazy money with zero investment. Well, it’s certainly possible, and Steemit is the platform that can make it happen for you.
Today, we take a look at how you can make money with Steemit. It’s probably the best platform to take advantage of crypto currency and blockchain technology developments.
As of now, only very few people know about Steemit as it is a new venture. However, users are already making Big money out of it. So, it’s the best time when you take full advantage of Steemit for making money online before the rush begin.
I can bet that you already would be very excited about Steemit and would like to join this community and earn big from it.
Here is a simple version of Steemit that would help you to get going with it.
What is Steemit?
Steemit is a blockchain-based social media platform that rewards people for creating content. It is a place for individuals where they can create content, promote the content they deem good, comment on others stories and all this while earning money, sometimes thousands or even tens of thousands of dollars for single posts.
Steemit is a brainchild of Daniel Larimer, founder of BitShares, and Ned Scott. It has been built on the technology developed by Larimer called as Graphene, which is used for the successful deployment of application-specific blockchains.
So, Steemit comes as an innovative social network that rewards people for their contributions, irrespective of their race, religion, gender, or any other bias. It aims to build a “small town” community where residents are awarded for their time, effort, and creativity. It is done through digital points called “Steem.”
One of the unique features of Steemit is that it combines aspects of Facebook, Twitter, and blogging to make way for site users to get monetary benefits.
Steemit is a social network that resembles a lot like Reddit, but with one “Huge” difference:
With Steemit, not only content creators get paid when their work gets upvoted, but also people who go on to curate the best content on Steemit by upvoting others work.
The Steemit platform uses a new type of digital currency (Steem), much like Bitcoin which is another very popular digital currency. Every day some new units of this currency are created by the Steemit platform and are distributed to the users. These digital currency units can be exchanged for actual real money.
Best of all, it doesn’t cost a dime to get started with Steemit.
You can create your user account for free on Steemit, and get going by publishing your content directly within minutes to Steemit by using its built-in blogging & publishing tools.
So, Steemit proves one of the best social news platforms that pay users with digital currency (Steem) for posting and upvoting good content.
How does Steemit work? (Making Money with Steemit)
To start with, signing up on Steemit is free.
Steemit pays you for taking part in its theme activities through Steem, Steem Power, and Steem Dollars. Steem has already become a popular digital currency. The best thing is that the payment can be converted to US Dollars in exchanges.
Basically, there are two opportunities for you to make money with Steemit.
First is by Blogging or Posting. Here, you have to share your original and unique posts. When other members up-vote your post, you receive a payout. The number of upvotes determines your payout. Depending on the number of upvotes you get, you can receive 75% of the total payout.
Second, is by Curating or Voting. Steemit pays you for upvoting a post before it goes viral. You are entitled to a curation payout when you upvote a post. The reward amount can be up to 25%. However, it also depends on the amount you have vested, known as Steem Power.
Steemit also allows for currency mining. However, it’s not the primary way to earn money. Each day, new Steemit currency units are created and distributed to the users who engage with the site. Steemit comes with a simple philosophy, “the more you engage, the more you have.”
Steemit rewards users for their content. People who upvote content on Steemit are also awarded for curating the best content available on the site. Even Commenters are paid for adding to the discussions.