WHAT IS STEEMIT AND HOW IT WORKS????
Hello friend's in this you are going to know about steemit and how does it works....
Steemit plays two kind of role:
- the content creator when their post get upvoted.
- the people who appreciates the best content on the site by upvoting their works...
WHAT IS STEEMIT???
Steemit is a social network that looks and functions about like reddit, what is 1 difference
The steemit platform is built on top of a new kind of digital currencies called steem. Like similarly to Bitcoin and Dodge coin etc....
HOW THE STEEMIT WORKS????
Steemit is similar to other digital currencies.
Steemit currency can be traded, buy and sell in the market like the other currencies...
Bitcoin currency are created and each day are distributed to the peoples who run a bitcoin software on their computers and laptops...
This method is called Bitcoin mining.....
THERE ARE 3 DIFFERENT STEEMIT CURRENCY...
One big difference between steam and other digital currencies is that there are three kind of steemit currencies there is steem, steem power and steem dollars......
WHEN YOU EARN STEEM DOLLAR FOR POSTING SOMETHING YOU HAVE THREE METHODS.....
THEY ARE : - you can convert the steem dollar to steem and sell it immediately on the market for real money.
- you can exchange your steem dollar for steem power it is useful in biggest rewards from steemit.
- you can transfer your steem Dollar to saving which pays you 10% interest you can sell this also at anytime...
Hope this information can help you friends....
Keep supporting friends do follow and upvote me......