Steemit is a social network that looks a lot like Reddit and other social network sites but with one HUGE difference.
Steemit pays to content creators when their work gets upvoted. It's obviously better than other social networks. We Like,Post,Share on other social networks but they give nothing in return but sells our personal information to advertisers.
How Does It Pays:
Steem: Steem are the units that are bought and sold for actual money on the open markets. You can also trade them.
Steem Power:
Owning Steem Power Units is essentially like making a long term investment in the currency.There are a lot of good reasons to have Steem Power.
By keeping your currency as Steem Power Units, you will be able to make considerably more money in the long run because you essentially have ownership in the network. As the network grows, so will your piece of the pie.
Steem Dollars:
Steem Dollars are the third and final form of the currency and never get diluted or lose their value. They are designed to be a stable currency that you can sell at any time.
Good News is that you can get Bitcoin by exchanging the currency.