Could this platform be real let see? What is steemit
Looking at the world today many people have their personal and trustful platform which they are making money every, but views of us don't have,so am here to introduce steemit platform to each and every member here. What could that be.
What is steemit?
This can be defined as the block chain based social media platforms that allow users public and curate content while earning crypto currency rewards in the form of steem tokens. Users could create and share blog post, article, and other content, and the community would vote on the quality of the creators. According to my understanding and experience Steemit is a social media platform that's Blockchain based. By my saying social media platform, it's just like Facebook. We all know Facebook is a social media. Steemit is too. The difference between Facebook and steemit is that while steemit pays people who post on the platform even if they have no followers, Facebook doesn't until you have attained a particular number of followers and have monetized your account.
How does steemit work
Many people ask about this platform how it's works, this social media platforms that operates on the block chain technology, specifically the steem it block chain. Here it's how it works;
Content creation;
*Content creation; Users can create and share various types of content, such as article,blog, post, image and videos.
Upvoting and downvoting;
*Up voting and down voting; Other users can up vote or down vote the contents they like or dislike. This forms the basis for content curation on the platform.
Rewards;
*Rewards; Steemit rewards content creators and curators with crypto currency tokens called steem and steem dollar (SBD). When users up vote a post, the author received a portion of the rewards pool's, which is funded by the platform.
Influence and reputation;
*Influence and reputation; Users can accumulate influence and reputation on steemit based on the popularity and quality of their contributions. They more up vote and engagement their content receives, the higher their reputation and influence score.
Steem power;
*Steem power; Users can also convert their steem tokens into steem power (S P), which gives them more influence over content rewards. The most s p a user has, the more their votes worth.
Vesting period;
*Vesting period;When uses convert steem into steem power there is a testing period during which the cannot immediately withdraw the s p this encouraged long-terms participation and commitment to the platform.
Payout;
*Payout; content creator can receive payout in the form of S B D once their post reach a certain level of popularity and engagement user, they can convert this token into other like crypto currency or fiat currency.
Decentralisation;
*Decentralisation; steemit is built on a decentralized blockchain which means it's not controlled by a single entity. This theoretically makes it resistant to censorship and manipulations.
Community;
*Communities; Steemit has various communities or "tribes" where users with common interest can join and share content within those niche.
Is steem a crypto currency
Yes steem is a crypto currency. It's is the native crypto currency of the steem blockchain platforms, which is designed for creating and rewarding content on social media. User can earn steem tokens by posting and curating content on the platform.
When was steemit launch
Steemit was launch on July 4, 2016. It's a block chain based social media platforms that use crypto to rewards content creators.
How many users are on steemit platform?
In steemit platform they registered fee is free and the current user now is (1,238,717).
Who's was the founder of steemit platform?
Many steemit user needs to know this, it's very important, the founder of steemit was Daniel Larimer and Ned Scott in 2016.
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