Steem Ghana Contest Week Two: Why I like steemit

Hello steemians and good afternoon to ya all and I hope everyone is fine. Am very much excited for this contest and opportunity given to us all. Many thanks,regards and love to @mcsamm,@nattybongo and to all @steem-ghana family.
Basically am here to write on why I like steemit

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To start with, i steemit because it is a social media platform that pays you to use it. Well, good news indeed….. And it was founded by Ned Scott and Dan Larimer in 2016.
It is both for the poor and the rich to join and that makes itself unique when compared to other platforms. If one haven’t heard of it before, it is essentially a content-sharing site like Reddit or Medium, powered by the Steem blockchain.

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The first thing to know is that Steemit was built on top of the Steem blockchain in March 2016. Imagine going on Reddit or Medium. You read and upvote the content, and that’s the end of the story. But on my beloved Steemit, you can actually generate revenue (STEEM) if the heavily upvoted content is yours. Mmm that’s very interesting isn’t it 😊👍

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Additionally, if you “curate” or share content that becomes popular later on, you will get paid in STEEM. So essentially, STEEM is the foundational cryptocurrency of Steemit that is controlled by the Steem blockchain.

A cryptocurrency, for example, Bitcoin, is a peer to peer electronic cash system that depends on blockchain technology to work. So anytime you make a transaction using a cryptocurrency, that transaction is checked by every member of the network to make sure that it matches the information in “the spreadsheet.”

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So, is STEEM just like Bitcoin? Like comparing USD to EUR?

Not quite. They both use the same technology but they use it slightly differently. Bitcoin is a peer-to-peer currency but STEEM is a social media platform that the Steem blockchain supports. That means that user interaction (in the form of upvotes or shares) relates directly to the Steem tokens a user makes and that is what makes me like stern more than any other social media platform.

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Not withstanding the fact that Steem dollars are what users send to each other when they upvote or share each other’s content and you can only use them within the Steemit platform. The price of Steem is often measured against the U.S. dollar. One Steem dollar is the amount of Steem that it takes to reach one U.S dollar depending on the exchange rate and that is very appreciative and appealing

In addition to why I like steemit is that it has what we call “Steem Power” (SP) which is essentially a token that symbolizes how much influence you have within the platform. The more Steem Power you have, the more your upvotes and downvotes count which is a very great initiative or innovation.

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One may ask “How can we use Steemit for marketing?”

In fact it is very simply, If you are already using social media networks as part of your marketing strategy, Steemit is a great network to add to the list. Because Steemit has a strong leaning toward tech topics but it is expanding as influencers from other platforms are beginning to use it. In fact, as more people learn about Steem it will continue opening up to other industries and your business could be among the earliest to join.

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Lastly, why I like Steemit is about this essential goal it has. Which is, the goal of using social networking sites to grow your audience, engage, and eventually convert audience engagement into sales. Steemit is essentially following the same plan, but with some different motivators which makes it amazing to me.

I hope this my write up finds everyone smiling. Many thanks you all and stay bless!!!

#ghcontest #steemexclusive #ghana #steempromo