Steemit: a cryptocurrency, two smart contracts

Launched in March 2016, Steemit is a social platform powered by a chain of blocks called Steem, in which users get rewards through the Steem Power and Steem Dollars contracts: the first is the voting backbone that each has account, and the more Steem Power has a user, the stronger your vote in Steemit. There is no way to buy or sell Steem Power, but it is possible to convert them into Steem in a process that takes about 104 weeks. This contract is basically a long-term capital commitment.
The second token, Steem Dollars, proposes to distribute $ 1 of Steem to users, which through a seven-day conversion process aims to minimize the ability to create arbitrage attacks ... in short, if the Steem Dollars were convertible to Steem immediately, a user could take advantage of a price difference, convert their Steem Dollars into Steem and thus earn more than $ 1 for the smart contract that was assigned to them. This is the part that most interests many, since it is about short-term gains.
Ned Scott, a former financial analyst, and Daniel Larimer, founder of BitShares, are the creators of Steemit. Ned, a graduate in psychology and economics at Bates, is also a startup consultant and has been immersed in the world of cryptocurrencies since 2013, when he discovered Bitcoin in a finance article; Larimer, meanwhile, is an entrepreneur and software engineer who discovered Bitcoin when in 2009 he was trying to design a digital currency ... he immediately became involved in this world and came to the conclusion that decentralized exchanges would be necessary; He is also the creator of BitUSD and current CEO of Cryptonomex, a consulting company of Blockchain.

How can I make money in Steemit?

When registered users of Steemit sympathize with a post, it becomes more visible on the site. As I had previously stressed, the symbol that represents the influence of a person in the community is the Steem Power, which comes from the original Steem token. In Steemit it is possible to appreciate the amount of material and the money billed for each person, since the relationship between the artist and the consumer is much more direct than in other social networks. Day by day the number of users that publishes is greater and it can be seen that the most veterans have already managed to overcome the 2000 dollars in less than 24 hours.
In addition to this, it should be noted that Steemit does not skimp on incentives, as users who are thrifty within the platform, keeping their cryptocurrency for a period of more than a year, receive a percentage of interest as an incentive. Taking into consideration that the storage of coins equals more influence within the space, this translates into more followers. To belong to the community all you need is an account on Facebook or Reddit and carry out the registration through the page https://steem.io/
Now, to start the user must take into account several aspects: you only have the right to be rewarded with priority while having a greater amount of Steem Power -Steemit gives a small portion when registering-, so it is important to stay active in the social network ... to illustrate the scenario: of all the new Steem that is created, 90% goes for the users that have Steem Power; Keep in mind that making a name is not something that takes a day or two, especially if it is a community that does not stop growing with editors who periodically provide interesting content.
So, if a person writes a post that manages to be very valuable, 75% is paid to the author of the entry and 25% to the curators, who are the users who vote positively for the article. 50% of the amount allocated to the editor is divided equally in Steem Dollars and Steem Power, and, I reiterate - this is very important - the more you have of the latter, the greater the influence within the community and the weight of the votes. in other post. If, for example, a person has just uploaded a high-quality publication and a user with a lot of Steem Power votes and comments, Steemit will reward them with more money.

Other vital advice

Once you understand the essentials about the payment system, it is worth accepting these tips to achieve a fruitful evolution within the community.

Create an attractive post to introduce yourself

Remember that a good impression can add many integers. Write a post introducing yourself to the community and, if possible, accompany it with a detailed opinion on a current topic. You can be very well rewarded.

Be inspired to write articles that have been worked on

A low-text article does not pay much in Steemit. Remember to capture your knowledge in a clear way and inquire enough to complement them with information from the best sources. Add a style of your own to your work, a personal brand that captures readers and motivates them to be aware of your articles.

Use images in texts

Keep in mind that photographs give great appeal to articles, but you should be careful with copyright. The most advisable thing is to use banks of free images or simply photos that do not have any type of signature.

Comment on important articles

This is transcendental to win in Steem Dollars, which is paramount since they are short-term gains. If you are looking for texts that have recorded gains in thousands of dollars and make good comments on them, it is very possible that the authors are interested in your contribution and give you upvote, which will make you win Steem Dollars.

Add a good amount of tags and that they are adequate

Usually this is a factor that many people often underestimate, and then complaints arise because of not making good profits in Steemit. You have to understand that tags are the labels that allow the community to locate your content, so you must make good use of them. It is advisable to use one of the labels provided by the same panel to establish the main category, and then add the 5 secondary tags that the platform recommends so that the community can find the material faster.