Steemit is powerd by a crypto, the STEEM for rewarding people who contribute to the decentralized network of the Steemit community. Everyone can earn a reward in STEEM. You can contribute to the community by posting content or by voting and / or commenting on a post.
Steemit has been designed from the ground up to address key barriers to adoption and money-making from a social media-based economy. In fact, the proposition is that the same principles that are used for the development of social media platforms can be used to start a successful cryptocurrency. Economic stimulus made possible by cryptocurrency can drastically facilitate the growth of a new social media platform. The developers believe that it is the synergy between cryptocurrency and social media that Steemit can quickly develop. Steemit has more and more users as a platform and Steem as cryptocurrency has quickly acquired a nice market cap.
The Steemit platform is still in its infancy and is still under development. And that is why it is important that we stimulate each other to make all our friends and girlfriends much stronger. Steem is now cheap and can be a nice investment to brighten up your cryptocurrency portfolio. For 0.1 BTC you can buy thousands of STEEM power. You also get free STEEM power when you open an Steemit account. If you have bitcoins you can buy a lot of extra STEEM power through this crypto exchange widget now that the price is so favorable.
You can not all do this with another coin and that is why it is important that we set things in place because there are more possibilities than just investing!