Steemit is a unique social media website that uses the blockchain and a cryptocurrency called Steem to reward its users.You can make money on Steemit by writing quality blog posts as well as by 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.
You can see the detail for this particular post that has a total of $204 on it, $154 will go to the author of the post and $50 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 given 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 like BlockTrades, and then use Coinbase to sell so a breakthrough can happen. Finally, you can change you Steem Dollars or Steem into Bitcoin on an exchange l your Bitcoin into US Dollars.
Jerry Banfield who has started on Steemit in May 2017 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 can see the achievement and can get motivation.
This post really deserves much more. So don't forget to upvote and resteem it. Thanks.