Steemit is a social network like facebook and twitter but pays you when you like and comment on people post.
steem is a social platform that runs blogging with blockchain filling system. they pay you out in STEEM and also in STEEM dollar for creating your articles and also commenting on other people articles.
HISTORY ABOUT STEEMIT
Steemit was founded by nedd scott and Dan larimer in 2016
Steemit is a blogging website that address any kind of issues, but the files are saved on blockchain, using blockchain to compensate users based on their post, comment and upvote and are been rewarded with exact amount of monetary value in cryptocurrency called STEEM and they are also been paid out in STEEM DOLLARS.
People are also been rewarded in two ways
- Curation Rewards
- Author Rewards
*Curation Rewards are rewards that you collect when you up vote a post and it is been shared between the curator, author and the commenter, 50% of the rewards goes to the author, and the remaining 50% is been shared between the author, curator and the commenter and also the reward is 100% STEEM POWER which increases the power of your upvotes which is beneficial to the author and the commenter.
*Author Rewards are rewards that are been paid to the user when you create articles and people upvote your articles.
Differences between STEEMIT and other social platform
- On Steemit you make money by posting articles, content but on other social platform you post article or content without been paid.
- not just the fact that people tend to follow you on steem its a life time investment you are been in crypto currency as long as you keep posting content you get paid that is the beauty of steem but you cant get it in some social platform.
- The most exciting part of it is why blogging on steem and you are been paid either in STEEM and also in STEEM DOLLARS that gives you an opportunity to invest it in the crypto world, sincerely speaking, the future of money is digital money.
