What is Steemit.com?
Steemit is a social network and content rewards platform that makes the crowd the beneficiaries of the attention economy. Users are paid in STEEM.
Steemit redefined social media by building a vibrant, breathing and growing social economy; A community where users are rewarded for sharing their opinion.
How does Steemit work?
Steemit is a social media platform that works by having users reward users for their content.
This is done through Blockchain Steem and the STEEM Cryptocurrency that is "forged" daily and distributed to content producers based on the votes they get.
How does Steemit differ from other social networking sites?
Most social media sites extract value from their user base for the sole benefit of shareholders.
Steemit is different, it's a new economy of attention. By connecting to the Steemit Blockchain (which is decentralized and user-controlled), Steemit users receive all the benefits for their attention.
Does it cost anything to post, comment or vote?
No. It is free to publish, comment and vote on the content on Steemit.com. You could even be paid for it!
Can I win digital tokens on Steemit? How?
You can win digital tokens on Steemit in three different ways.
Publication - By sharing your posts, you can accumulate votes from community members. Depending on the number of votes you receive, you will receive a portion of the Steem Rewards that are distributed at that time.
Vote and Curation - If you discover an article and vote it before it becomes popular, you can win a curation award. The amount of the award depends on the amount of STEEM POWER you have.
Purchase - Users can purchase STEEM or STEEM DOLLAR tokens directly through the Steemit Wallet using Bitcoin, Ether, or BitShares tokens.
They are also available from other trading markets, including BlockTrades, Poloniex, Bittrex, Shapeshift.io and Changelly.
STEEM tokens placed in STEEM POWER can bring you low interest.
Where do the chips come from?
The Steem Network continually creates digital tokens to reward content creators and curators.
Some of the newly created tokens are transferred to users who add value to Steemit by posting, commenting, and voting on other people's posts.
The remainder is distributed to STEEM POWER holders and witnesses who maintain and supply the blockchain.
Where does the value come from?
At its root, Steem is simply a point system. However, as this points system is based on a Blockchain, points can be traded in the market as tokens. People buy and sell these chips, and many keep them in anticipation of increased purchasing power for various Steem-related services.
By analogy, Steem is a gaming system where users compete for attention and rewards by bringing content and adding value to the platform. The benefits that people earn are tokens that have market value and are easily tradable.