To say it is the age of social media would be echoing what has already been said. The dynamics for how people interact are changing, with users demanding that social media offer value.
Enter, STEEMIT
What is STEEMIT
To put it simply, STEEMIT is a social media platform that allows users to make money when they create or present organized content. With good content taking the fore where information counts, STEEMIT rewards great content, granting users and voters more voting power and more cryptocurrency. STEEMIT is likened to the popular site REDDIT, but the difference between the two is that with STEEMIT, popular posts attract upvoting, prompting the curators and posters, to get paid in steem power and steem dollars.
STEEMIT is a great choice for a load of people, and it could be super beneficial seeing as how more people realize the benefits of cryptocurrency like Bitcoin. From content creators to the readers, a whole community of people sees the bright side of STEEMIT.
HOW DOES IT WORK
STEEMIT utilizes the power of engagement. It rewards you for being a visible force in the STEEMIT community. The more you engage, the more your STEEM rewards will be. More rewards mean that your upvote or your content has more impact to it, therefore, attracting better pay.
When you see payment, in STEEMIT, it could be one or all of the three reward systems use. You can get paid in steem power and steem dollars. You get 50% of each, to make a full payment. Steem is traded for real money just like Bitcoin. Depending on the steem dollars you have, you can convert that to steem and get real legal tender.
You can also hold on to the steem dollars when you're speculating that the value will go up. The upside of holding the steem dollars is that they are held in the steemit account and appreciate by 10% interest.
Cryptocurrency is the next frontier in the economy. Much like Bitcoin, the system that pays STEEMIT contributors is also racking up rave reviews over how effective it is. As of July, the 3rd biggest cryptocurrency, steem, was worth $4 each. The growing number of users means Steemit’s guiding principle of payment for content is sustainable. It brings in a unique dynamic in the way social media users identify with the sites they use. Steemit seems to have figured out how important original content is and how to strike a balance between user content and the usability of cryptocurrency.