WHAT IS STEEMIT and HOW TO MAKE MONEY ON STEEMIT?
The best thing that happens to you is when you start enjoying making money online . And the best thing is when you can make that money even with zero investment. Well, of course it's possible, and Steemit is a platform that can make it happen for you.
Today, we see how you can make money on Steemit. This is perhaps the best platform for utilizing crypto currencies and the development of blockchain technology.
Until now, only a few people knew about Steemit because this was a new business opportunity. However, there are users who have made a lot of money from it. So, this is the best time if you want to take full advantage and make money from Steemit online.
In this article I will explain about Steemit and how you can make money on Steemit. Let's study together and start making money right now.
What is Steemit?
Steemit is a blockchain based social media platform that rewards people who join and create content for steemites. This is a place for individuals where they can create content, promote content that they think is good, comment on stories or other people's content and all of this while making money, sometimes thousands or even tens of thousands of dollars for one post.
Steemit.Com
Steemit is a platform initiated by Daniel Larimer, founder of BitShares, and @ned Scott. This has been built on a technology developed by Larimer referred to as Graphene, which is used for the successful application of application-specific blockchains.
So Steemitexists as an innovative social network that rewards people for their contribution, regardless of race, religion, gender, or other biases. It aims to build a "small town" community where residents are rewarded for their time, effort and creativity in presenting content. This is done through digital dots called "Steemit."
One of Steemit's unique features is that it combines aspects such as Facebook, Twitter and blogging to provide a way for site users to gain monetary benefits.
Steemit is a social network very similar to Reddit, but with one "big" difference:
With Steemit, not only do content creators get paid when their work gets votes, but also the people who make the best content on Steemit by updating other people's work.
The Steemit platform uses a new type of digital currency (Steem), as does Bitcoin which is another very popular digital currency. Every day several new units of this currency are created by the Steemit platform and distributed to users. This digital currency unit can be exchanged for actual real money.
The most interesting thing is it doesn't cost a dime to get started with Steemit.
You can register and create a free user account at Steemit, and get started by publishing your content directly in minutes to Steemit by using blogging tools & publishing your content.
So, Steemit proves one of the best social news platforms that pays users with digital currency (Steem) to post and improve good content.
How does Steemit work? (Making Money with Steemit)
To start with Steemit, you must register at Steemit for free.
Steemit pays you to take part in theme activities through Steem, Steem Power, and Steem Dollars. Steem has become a popular digital currency. The best thing is that the payment can be converted to US Dollars and then you can also cash it into your local bank account into rupiah.
Basically, there are two opportunities for you to make money with Steemit.
First is by Blogging or Posting. Here, you must share your original and unique article submissions. When other members cast your vote on your post, you receive payment. The amount of upvotes determines your payment. Depending on the upvote amount you get, you can receive 75% of the total payment.
Second , by Curation or Voting. Steemit pays you for upvoting posts before they go viral. You are entitled to payment of curation when you upvot a post. The number of prizes awarded can reach 25%. However, it also depends on the amount you have, which is known as Steem Power.
Steemit also allows currency mining. However, this is not the main way to get money. Every day, new Steemit currency units are created and distributed to users involved with the site. Steemit comes with a simple philosophy, "the more you get involved, the more you will get."
Steemit rewards users for their content. People who improve content on Steemit are also given awards for choosing the best content available on the site. Even the commentators are paid when they add to the discussion.
Steemit.Com
Steemit Currency Unit
Steemit provides three types of currency units. They offer:
- Steem
- Steem Power
- and Steem Dollars
I will explain each of these currencies.
Steem:
This is the most liquid type of currency available on the Steemit platform. This unit of currency can be bought or sold for real money on the open market. They can be traded like bitcoin or company shares. They can be converted to Steem Power, Steem Dollar, or if you want, they can be traded with real cash on the cryptocurrency exchange .
However, you should not hold this for too long because Steem Units are made every day. If they are held for a long time, the currency will increasingly shrink and continue to decline in value.
Steem Power:
Steem Power Units gives you the opportunity to have ownership in the network. With Steem Power Units, you make a long-term investment in a currency because this unit cannot be sold for two years. As the network grows, so does your opportunity to make more money in the long run.
As much as 90% of the new Steem Currencies generated every day are distributed to those who have a Steem Power Unit. Additionally, half of the payments you receive for your content come in the form of Steem Power Units. This determines the amount of influence users can have on Steemit.
Steem Dollars:
The third and final form of currency in Steemit is Steem Dollars. Never diluted or continues to lose value. They are a stable currency that can be sold at any time.
This is a token that is powered by a market that is pegged up to $ 1 USD. People use it to upload posts on Steemit. 1 Steem Dollar represents the Steem amount to reach $ 1 USD.
What's more, when you create popular content, as much as 50% of your salary will be in Steem Dollars. And you get a prize for holding Steem Dollars. Holding Steem Dollars pays 10% interest.
However, Steem Dollars cannot be used outside the Steemit platform. You need to convert Steem Dollars to Steem and only then can you convert Steem to Bitcoin or USD.
Choices Before You Make Dollars Steem
- Steem Dollars can be converted into Steem and can be immediately sold on the open market with real money. So -Steem Dollars gives you the opportunity to withdraw your money.
- Holding Steem Dollars pays you 10% interest.
- Steem Dollars can be exchanged for Steem Power and hence get opportunities to invest in future currencies.
How Are Newly Created Steems Distributed?
Every day, as many as 90% of new Steem Units are given awards to users who have a Steem Power Unit. The remaining 10% of new Steem Units are paid to content creators, curators and commentators.
When your content makes money, you get 50% in the form of Steem Dollar Units which can be exchanged for actual money or you can convert it to Steem Power. The remaining 50% is paid in Steem Power. Steem Power Units is locked for two years.
Get started with Steemit
First, you need to set up your account. You can use your Facebook account or your Reddit account. Please register Steemit and make sure to create a secure password.
register Steemit
To publish content, you must click on the pencil icon at the top right of the screen to make your post. You must format your article so that it is easy to read. You can use images, titles and subtitles to break long blocks of text.
register Steemit
You should really take your time to format your article so it is fun to read. And you have to make sure that the content that you submit on Steemit is truly interesting, valuable, and entertaining content for your readers.
You have to start now
Steemit 100% free to join.
In addition, you are paid for your hard work in creating content for Steemit.
This is the perfect platform for writers, bloggers, and anyone who wants to earn money online (without a penny).
You need to know that, Steemit is a new platform and this has been very booming in some circles. Even hundreds of new users join Steemit every day. Although Steemit has been present for several years, it has entered into the top five digital currencies in connection with market capitalization. Steem values also increase every day.