If you are a blogger looking for new ways to make some money, stay tuned, because with Steemit you can make money with your blog.
Probably those who have never heard of Steemit will have doubts about what has a social platform for creating content with virtual currencies. Much more than it may seem at first glance.
Steemit works very similar to the famous Reddit. After joining the platform, you can start posting or commenting on posts from other bloggers. More positive votes will receive your post or your comment and more visibility will be gained within the platform. Not only that, but the more your posts will be voted and the more you will earn. Your earnings will obviously be in cryptocurrency.
Steemit has his own blockchain and all the posts are saved directly on the blockchain. As in all the blockchains also in that of Steemit new coins are produced for each block created.
Steemit coins are of three types:
Steem is the token that can be exchanged on various Exchange platforms;
Steem Power can be obtained through the transformation of Steem (power up). The more Steem Power you have and the more your votes on other posts will be important, and they will earn more. Steem Power can also be re-transformed into Steem, but this process (power down) takes about 3 months;
Steem dollars designed to have the same purchasing power as dollars (although this is not always the case), are used to make payments within the Steemit ecosystem.
The owners of Steem Power, considered as investors, participate in the distribution of the block rewards, together with the creators of content and cololo who leave valid comments.
If you are curious to know what the market of this project is going to check on coinmarketcap.com, after an initial euphoria and a period of difficulty, many have come back to believe in the goodness of Steemit.
