Steemit | The Future of Blogging and Social Media
Steemit is, of course, something everyone here has heard of, but I must say it is definitely one of the most interesting projects related to cryptocurrency out there. I will be formatting this post as I normally do with my posts
What is Steemit?
Steemit is a blogging platform created on the Steem blockchain that pays users in cryptocurrency (Steem and SBD) for the content they produce. The amount they earn from their content is determined by the value of upvotes given by other people. Your upvote value is determined by the amount of Steem Power you have in your account. The more Steem Power you have, the more valuable your upvote is. To check your Steem Upvote Value, you can use this upvote calculator. Once you receive a certain amount of money through upvotes, you must wait 7 days after the post was created to receive your payment. Then, you will be paid for your work as follows
75% of the amount of money made from your post will be distributed to you, or the author, while 25% will go to the upvotees, or the curators. Of the 75% you receive, 50% of that is transfered into Steem Dollars, a cryptocurrency you can withdraw as soon as you receive it, while the other 50% will go into Steem Power to increase your upvote value.
What if I don't like the look of Steemit?
You can use a different "skin" through a website called Busy.org. Busy.org allows you to see how much each upvote added to your profit, along with the percentage each person upvoted at, and gives you a restructured version of the site (which looks better IMO).
Want to try out an upvote bot?
Well, I have a special one. I recently created @KiwiBot, a bot that will upvote your posts. At the moment, it's upvote value is around .003 SBD per 100% upvote, however, it is free to receive an upvote (unless you want to donate to the cause). You can find a post about KiwiBot here. If you would like to join the Discord server to request an upvote, please do so here. Please help this little bot grow, every little bit helps!
All in all, Steemit seems like an amazing project, but remember to be careful when investing anything into any cryptocurrency. Make sure you do your own research before investing!
Enjoyed this post? Check out one of my earlier posts down below
Ravencoin | A Better Bitcoin?
Wemark | The Future of Stock Photos
Smart Cointainers | The Future of Decentralized Storage
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by KiwiJuce from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Coins mentioned in post:
You just received a 3.85% upvote from @honestbot, courtesy of @kiwijuce3!
You got a 1.49% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @kiwijuce3! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server
very useful post