Steemit is a social media website that uses the blockchain and a cryptocurrency called Steem to reward participants.
You can make money on Steemit by writing quality blog posts, but also upvoting and commenting on posts. When you write blog posts you get a reward as an Author, and when you comment and upvote, you earn a reward as a Curator.
Under each and every post you can see the detail and for this particular post that has a total of $78 on it, $65 will go to the author of the post and $13 will go to the people who commented and upvoted. As you can see you can earn just by participating without writing blog posts. Payment is made about seven days later in your wallet on Steemit!
There are three different kind of Steem on Steemit: STEEM, STEEM Power and Steem Dollars
Here is an explanation below.
The more Steem Power you have the more rewards you will get as an Author and Curator. Also, the more value you will give to your comments and upvotes to others. It is important to grow your number of followers on Steemit so you can get more and more rewards. Followers with a lot of Steem Power can give you a lot more rewards than regular users.
If you look at the blogs of people on Steemit who are getting $100+ in rewards on each post, you will see that they have started with much lower rewards. The key is to persist in writing posts and participating so a breakthrough can happen.
Finally, you can change you Steem Dollars or Steem into Bitcoin on an exchange like BlockTrades, and then use Coinbase to sell your Bitcoin into US Dollars.
I’d like to share with you the latest video by Jerry Banfield who has started on Steemit just two months ago and has made thousands of USD writing blog posts. He is now a top ten author on Steemit as you can see in the image below.
You definitely want to learn from him.
New Social Media Blogging Website Pays for Posts, Upvotes, and Comments!
