Details
Steemit is a decentralized social media platform. Steemit will reward users for posting posts, as well as to vote on other interesting posts. Steemit is built using Blockchain based technology or more precisely using Blockchain Steem.
Component
Steam coins / SBDs are distributed through rewards given to pemposting, voters, Steem Power holders, market participants between Steem and Steem Dollars, as well as miners at pre-determined rates. This is similar to Bitcoin, there is a reward given to the miner. If previously we know enough how to get cryptocurrency by mining or exploiting price fluctuations, but in Steemit new users can get rewards. In Steemit, there are three types of tokens. The three tokens are Steem Dollars, Steem Power and Steem itself.
Benefit / Repair
Steemit will be a new way in the social media world, whose ability to profit in cryptocurrency-based systems. Users can get two types of cryptocurrency, namely Steem Power, and Steem Dollar. To get two crypto is the same way that is, just by posting, or giving a vote.
Steem Dollar is given to the user if you have posted a content, or have given voting posts that are considered qualified. Basically, Steem coins are backed up with USD Dollars. Even today, Steem has also been cast in the Bittrex exchanges. Of course this would provide more benefits for users because more freely to trade.
Link
https://github.com/joniismail/steemit-steem/graphs/contributors
Posted on Utopian.io - Rewarding Open Source Contributors