Where does the money for STEEM come from?steemCreated with Sketch.

in #steem5 years ago

Let's start with the fact that Steem doesn't give away money to anyone. Instead, he distributes tokens that are distributed daily by the community as he thinks fit. Then where does their value come from? I will explain it to you in a simple way.



Source: Pixabay link [CC0 license]


Each day, the blockchain STEEM network creates a specific pool of new tokens, the majority of which is distributed by STEEM POWER owners to creators of all kinds of content on the platform. The number of these tokens is therefore limited every day, so creators compete with each other for these tokens. When voting for content, SP holders should choose those posts that were laborious for their authors and needed some time to make them.

Proof of Brain



Source: Pixabay link [CC0 license]


In the majority of cryptocurrencies, in order to receive a new token, it should be dug, that is, use the computing power, eg a graphics card, and devote your electricity. Therefore, the computer performs work, which is proved by the remuneration in the form of the received token. On the STEEM platform, to get a token, a man must do the job. Creating a good article or film requires sacrificing your time, preparing materials and performing a mental work, which is evidenced by the received STEEM tokens in the amount the community has given us, assessing our work.

Market value of the STEEM token


c.jpg
Source: Pixabay link [CC0 license]


After 7 days from the creation of the content, which took you several hours to prepare, you receive STEEM tokens collected from the community votes as remuneration for your work. Now the question is, are they valuable to you? You have spent your private time and you will not give away the tokens you have earned for free. STEEM tokens are the object of trade on the free market. You decide on their value by selling it at a price you think is good. You will think everything beautifully, but why would anyone want to buy these tokens from me? As you can see, they are willing, because the STEEM token can be easily converted into shares in the form of STEEM POWER and thus be able to decide for whom to allocate new tokens every day. Owning an SP gives you power on the platform, thanks to which there is a demand for new tokens all the time.

Thank you for reading and greetings!


All rights reserved by @astromaniak 2018

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perhaps a woman can do her job as well- to receive tokens @angrytwin

@astromaniak You have received a 100% upvote from @intro.bot because this post did not use any bidbots and you have not used bidbots in the last 30 days!

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