How to work steemit (Everything you need to know in simple terms)

in #steemitpower7 years ago

hello everyone

 People are making thousands of dollars and if you’re reading this, I’m willing to bet that you want to be a part of this incredible new community too. 

 

What is Steemit?

 Steemit is a social network that looks and functions a lot like Reddit, but with one HUGE difference:Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work.This is possible because the Steemit platform is built on top of a new kind of digital currency. (Think Bitcoin, which is another kind of digital currency that has been around for a while.)Every day, new units of the currency are created by the network and distributed to its users, who can exchange these digital currency units for actual real money. 

 

How does Steemit work?

In some ways, Steemit is similar to other digital currencies. For example, Steemit currency units can be traded, bought, and sold on the open market just like all of the other digital currencies.With other cryptocurrencies like Bitcoin, the actual currency units that are created each day are distributed to the people who run a special bitcoin software program on their computers that perform a process called Bitcoin Mining. The amount of computing power you have dictates how much money you get. 

 

Steem Power:

Owning Steem Power Units is essentially like making a long term investment in the currency because you can’t sell Steem Power Units for 2 years. But there are a lot of good reasons to have Steem Power.By keeping your currency as Steem Power Units, you will be able to make considerably more money in the long run because you essentially have ownership in the network. As the network grows, so will your piece of the pie.And you’ll be heavily rewarded along the way. The way things are set up now, 90% of the new Steem Currency that is generated every single day is distributed to the people who already hold Steem Power Units in the form of additional Steem Units. (The other 10% goes to content creators and curators). 

Just create free account and make posts and earn money unlimited without any  investment.

Upvoted and drop your comment blow........   

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