What is Steemit ?
Steemit is a blockchain based social media network/platform where you get rewards for creating content, share photo and uploading videos.
Steemit is a platform which is allow to earn hundreds or even thousands dollar on a single past and you can build your own community where you can Learn, Earn and share your opinion.
Ned Scott and Daniel Larimer(CEO of Bitshares) is the founder of steemit platform. Steemit is an innovative blockchain based social media platform where content writer/author and curator both earn a decent passive income.
It is looks like Reditt but also have combine Facebook, Youtube(Dtube) and Instagram(Steepshot) features on a single platform where you can earn money except of others social media platform.
How it Works ?
To start Steemit you have to Sign up on the steemit.com where you can find two option for open your account one is free which can takes more than one week(not preferred) and other one is paid(preferred) which created instantly but what amount you paid for instant opening account will be added to your Steemit wallet.
There are main three types of wallet:
Steem- It is the liquid type of currency which can be bought or sold for actual money and also you can transfer your steem to another member with no fee.
But you should not hold steemit unit for long time because steem unit created each single day and after a long time it become diluted and go to lose value.Steem Power- Steem power(SP) is helping to make your account more influence on steemit network means more steem power more vote value and more influence.You can power up and down from your steem wallet/balance.
Steem Dollar- Steem dollar(SBD) are stable currency like USDT that may be not fluctuated more.You can send your steem dollar to any exchange who have listed SBD and you can cashout your Earnings.
What is delegated Power- User’s can delegate own steem power means rent his/her SP to new user’s so they can build your account with more influence and you can undelegate your steem power any time means they can used it not cashout nor owned it.
What is Voting Power- Voting power is like how much percentage(%) of interestes or upvote to any member’s post and your voting value value and influence also depends on yout voting weight. You can upvote to any post with 1% to 100% but you can control your voting power when your steem power reached at 500.
Steemit network recharge your voting power 20% each day and each 100% upvote reduce your 2% voting power.
What is Curation Rewards- The rewards of the post allocated 75% to Author and credited in his/her account with 50% Steem power or 50% Steem and some goes into SBD wallet balance within 7 days and 25% goes to curator account who have upvoted and commented on your post.
If you upvote to any post within 15 minutes than author and curator get 50/50 rewards.
What is Cheetah- Cheetah is a bot that finds the copyright content or similar content that you posted on your steemit blog and that post content belongs to another’s post or websites.
What is Reputation- Reputation score measures your value in the steemit community. Your reputation increases when any members upvote on your post or comment on your post which have high number of Steem Power. Your reputation may also be decreased when anyone downvote to your post.
How can Grow your Steemit account:
- Write standard and informative content with your own words means no copyright content.
- Upvote and comments on other members post which you like and have interest but not comment like “very good” and “nice blog” while comment in more words and try to ask something or also share your thought about post.
- Never ask anyone to upvote your post or never leave your post link in comment this will treat you spam.
- Never tag wrong means tag your post with related to your content proper tagging is the key to become viral or trends your post.
- Update your blog on a daily basis so your follower’s number also increased and interact with you.
- Try to join any good Whale group like on Discord app where you will find good community that may help you to build your account to earn like a hell.
- Steemit power is the key of success increased your steemit power as much as you can and grow your account with a light speed.
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