Have you ever wanted to get paid for your social media content? Well, now there's a platform that can do just that! Steemit is a social media platform that rewards its users with cryptocurrency for their posts, likes and comments. Here's everything you need to know about this exciting new way to make money online!
What is Steemit and how does it work?
Steemit is a decentralized social media network where you can create posts that can be voted on by others in order to earn rewards. As you vote on posts and make comments, Steemit's cryptocurrency steem will be allocated to reward your contribution. You can take steem earned from posting and commenting, exchange it for steem dollars, which are equivalent to US dollars, or even exchange steem earned on the platform into other cryptocurrencies such as Bitcoin or Ethereum.
How can you make money on Steemit by posting and curating content?
As a content creator, you can earn steem dollars from upvotes and steem power from accumulating steem dollars which will give you more influence on steemit. You will get 75% of your earnings only. Your earnings are decided by the already define alogrithms depending on their popularity.
As a curator, activities such as flagging or upvoting good content can also result in steem rewards. You earn 25% of total earnings of post, if curators are more then 1 then definitely rewards will distribute proportionally.
Few people knowa that steemit has a built-in voting system that allows users to vote on the direction of the platform. This means that the community of users has a direct say in the future of Steemit, and can influence the platform's development and direction over time. So, content creators and curators both can involve in governance.
What are the benefits of using Steemit over other social media platforms like Facebook or Twitter?
Steemit is an incredible tool that offers a variety of benefits compared to other popular social media platforms like Facebook or Twitter. On steemit, your content is monetized, which means that as your following grows, so will your potential income. This also leads to higher engagement because people are incentivized to actively participate and post content.
Additionally, steemit allows for a much higher level of privacy and data security than platforms like Facebook; steemit's blockchain technology guarantees your data remains safe and encrypted, ensuring you have total control over the distribution of your personal information.
How to Create Account on Steemit
- Go to the homepage and click on the sign up button in right top corner.
2. New window will open. Click on "Signup for free" button.
3. Now choose a username on steemit, write your email and its verification code, write your phone number and its verification code, now prove that your're not robot. Then just click on Continue button.
4. Now copy your password and save it somewhere else. If you lost your password, it means you loast your account forever. Now just click on Continue button.
5. Now confirm your password. Check steemit privacy and terms and agree if don't have problem. Blue button will pop up, just click on that.
6. Once you have access to steemit, it's time to post your very first article! Pick a topic that interests you and have some fun writing down your thoughts.
Steemit is a unique and exciting platform that has the potential to revolutionize the way we create and consume content. It’s easy to get started on Steemit, and having your content seen by a whole new audience can be very rewarding - both personally and financially. Steemit provides many advantages for creators and curators. If you’re looking for a fun yet rewarding experience, then creating an account on Steemit is definitely worth your while! Go ahead and try it out - who knows? You might just love it!
Frequently Asked Questions
1. What topics are more popular on steemit?
It depends on people but generally if you're crypto enthusiast then do write about crypto or its niche like web3, DAOs, DApps or NFTs. Because people on this platform are more concerned about bitcoin price rather then gold price.
2. What is the difference between Steemit and Steem?
Steem, a blockchain-based platform that stores all of the data, processes transactions, and events that take place on the network. STEEM is the currency that fuels this bustling ecosystem.
Steemit is like a window into this bustling world. It's the front-end interface that allows users to interact with the blockchain and view all of the data in a user-friendly way. Steemit, Inc. is the company behind this interface, and they operate the popular website steemit.com.
3. Where do the new STEEM tokens come from?
Steem issue new tokens when new blocks produce. In every 3 seconds, new block produce on its chain.