Steemit is a social networking site that pays Nadir subscribers their interaction in the site from writing articles, commenting on them, voting for them and following up on people through the electronic currency steem.
The electronic currency steem is a virtual electronic currency as the currency of the Betquin. It can be sent to anyone who has an account in a portfolio that supports steem and can be converted to a currency through a swap platform such as Poloniex or others and can be sold against the dollar or euro on one of these platforms.
There are almost 250 million steem currently and the steem price is approximately $ 1. Every day a certain number of steem is distributed to the participants on the site according to the number of votes, their strength and the strength of their accounts. The cloak that is distributed daily is a new currency that is released from a block of code (Blockchain). 1% of the total number of appraisals is issued annually means that if there is 250 million steem in 2017 2.5 million new steem will be issued in the same year distributed daily to the participants on the site.
Explanation of the Portfolio of Steam
When anyone opens a steemit account, they automatically have an account-linked e-currency portfolio consisting of Steem, Steem Power, Steem Dollar.
Power of Account or Steim Power:
Steam Power is a restricted currency in the sense that you are restricting the number of steams in your account, and whatever the number of restricted checks, the greater your account the stronger. You can retrieve the restricted password in your account within 13 weeks. Each week, the number of the Bauer shifts to Steym.
What is the power of the account? The more powerful your account, the greater your influence, meaning that you get more rewards when you vote and are given greater rewards when you vote for a publication. Some people buy steem to strengthen their accounts.
Steim Dollar
A dollar is an electronic currency equivalent in value to the dollar meaning that 1 steem dollar (SBD) = $ 1. In contrast to the stigma whose price changes daily. Stem dollar is semi-fixed price.
You can use the $ Premium to upgrade your publications to reach more people. For example, if you upgrade a $ 10-million publication, it will be on the upgraded PostScript page and reach more people.
Rewards
When you post a post before posting, the site asks you to choose the reward method
1 - to be 100% Steam Power to strengthen your account, in which case you will not be able to pay the bonus directly.
2 - to be 50% Steam Power and 50% Steam $ and in the latter case can manage half the value of the reward immediately after arrival.
After posting, participants can vote on your publication within a week. After the week, the reward is transferred to your account and you can not vote on your publication or increase your reward.
A two-part bonus: the majority of the reward is author awards. A small portion of the bonus goes to the voters (Curators rewards). A small portion of the reward is allocated to those who voted for the publication, encouraging participants to discover publications with good content.