The social platforms based on the chain of blocks do not stop attracting glances, since people can participate in them and contribute articles, photographic designs and videos, without needing to be full-time professionals. These spaces offer a micropayment wall that allows users to send cryptocurrency for each piece of material, which is the key factor when differentiating from other social networks.
Ecosystems such as Twitter and Facebook have accustomed us to part of the essence of journalism without intermediaries, but at the end of the day it does not change the fact that they have become what they are thanks to the journalistic work of others; Blockchain, on the other hand, proposes attracting people who want to materialize what they like best in a professional opportunity and not simply pull the recreational field.
Last week we mentioned some of the platforms without intermediaries that can already be used - click here to read the article - but today we will focus on one of the most well-known, Steemit, specifically on how to generate money through it.
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 account owns, and the more Steem Power has a user, the stronger their 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.
At the time, my colleagues Jaime Sandoval, Eduardo Gómez and Daniela Caro, prepared very complete articles in which Steemit is the protagonist. The first one is focused on the DECENT, Yours and Steem platforms, while the second offers a detailed look at the main characteristics of the ecosystem; Finally, Daniela's article tells us about the experience she had when interviewing Lorenzo Cloquell Fornari -one of the most frequent writers on the platform-, as usual, through a peaceful coffee. I recommend reading the three articles to soak up the intrinsic peculiarities of the social network. You can access them by clicking here, here and here.
How can I make money in Steemit?
When users registered in 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 quantity of material and the money invoiced by 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 account 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 Steemit.com.
Now, to start the user must take into account several aspects: you only have the right to be rewarded with priority as long as you have 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 exemplify the scenario: of all the new Steem that is created, 90% goes to the users who 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 it 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.
Do your best 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. Also add a unique style 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 they are adequate
This is usually 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.