How Steemit works? Make Money Daily $1000 Method Easily Grow Fast

Just before we look at how to make money on Steemit practiacally, there are few things we need to consider that will help you understand Steemit and how it works. These are Steemit languages that you will come across quite often as you try to make money on Steemit.

Here are some important 𝐭𝐞𝐫𝐦𝐢𝐧𝐨𝐥𝐨𝐠𝐲 you should know if you are looking at how to make money on Steemit:

𝟏: 𝐒𝐭𝐞𝐞𝐦: Steem is the main currency token of Steemit. You can use it to power up Steem Power or trade it for Steem Dollars, transfer to other accounts and more. Like I mentioned earlier, it is crptocurrency just like Bitcoin and the rest.

𝟐: 𝐒𝐭𝐞𝐞𝐦 𝐏𝐨𝐰𝐞𝐫 (𝐒𝐏): If you are looking at how to make money with Steemit long term then this should be your chief concern. Steem power is the value of influence each memebers has on Steemit. The stronger your Steem power, the better your chances at making money with Steemit. You can influence posts and comments depending on how strong your Steem Power is. If you have a very strong Steem power, one upvote from you can take a post or comment from bottom to top.

𝟑: 𝐒𝐭𝐞𝐞𝐦 𝐃𝐨𝐥𝐥𝐚𝐫𝐬 (𝐒𝐃𝐁): Steem dollars are liquid currency that are pegged at $1. You can use it to acquire Steem or for trading. You can also use it to shop and buy online in websites such as PeerHub.