Don't miss out on the once in the Lifetime opportunity to Invest in a upcoming Social NetworksteemCreated with Sketch.

in steemit •  last year

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What is Steemit?

Steemit is a social media platform built on top of a Smart Media Token known as Steem which is used to reward curators and content creators every day based on community voting. Deemed to be a Reddit-esque platform, it's a modern decentralized Social Media built on top of Blockchain Technology

What is so special about Steemit?

What I like most about Steemit, it seems to feature a revolutionary reward system that encourages people to curate and create content, by incentivizing community members to make valuable social contributions

The current scenario of social media platforms like Facebook and Twitter is that the greatest Brands are the biggest beneficiaries of Social Networks, while shareholders receive a slice of the pie when it comes to Revenue. For instance, Facebook has made billions of dollars in valuation while the content creators who fuel the network get nothing, while those that pay for advertisement get featured on it's platform.

The average person can own a share of companies like Facebook or Twitter by purchasing a stock, however due to the competitive barriers involved in Stock investing, a majority of users will never get the opportunity to earn even single cent from today's popular Social Network regardless of their Contribution

While these platforms remains free to use, the reality is that Billions of us empower corporations like Facebook,Reddit, Twitter and many more, yet we don't get any sort of recognition for it! These are all for profit-organisation, whose agenda is to keep on making more money, racking up billions in Valuation from user-generated content.

What used to be so called ''Free'' is not free at all, especially when a Social Network adopts the need to advertise and commercialize personal data in order to generate more revenue. We are being bombarded with sponsored online ads targeted directly at us on the daily basis, because the more we use these social networks the more personal data is collected, analyzed and sold to the highest bidder.

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The mission of Steemit is thus to challenge the status quo by allocating value on content contributions through the use of Cryptocurrency such as Steem, and thereby transparently and accurately rewarding community members who make significant contributions. Up to date, Steemit has paid out approximately $22.728 million rewards since June 2016

''It's more of a Community funded Social Network, rather than a Corporation trying to generate Revenue for it's Investor.''

In fact the more people join Steemit, the more rewards are distributed to Content Producer whereas the more people join Facebook, the more it's become an Marketing Channel for sponsored advertisers

If billions of users were to join Steemit instead of Facebook, more Marketers are likely to take their Business elsewhere, hence why Facebook today is still a popular platform because it manages to attract billions of users. While it may be free to sign up, everything you do on Facebook adds value to the Network, and I'm sure many of you are sick tired of this particular business model that commercializes user generated content

Steemit is still relatively new Social Media and it still in beta stage after 1 year since being launch by Ned Scott and Dan Larimer. Ned Scott is a former financial analyst with a passion in Cryptocurrencies economies & Social media while Dan Larimer is a well-known computer specialist who has founded several projects in the Crypto-space such as Bitshares and EOS

What make Steemit a Social Network?

Steemit typically looks and operates like any other social network. Community members tag the most popular posts on various interests such as travel, art, and photography. However this particular Social network goes a step further and provides a space for people to not only document their explorations and passions but also to fund them.

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New users are encouraged to introduce themselves and take a photo of their face to verify their account. This has a positive influence in that in comparison to Reddit, there is less anonymity and trolling. The relatively higher level of transparency on Steemit has minimized trolling because there is now an opportunity cost to trolling.

Those that have introduced themselves and are busy in building a following on Steemit, are bound to earn from it's Platform as social contribution is accounted. Casual social media users who don't create but enjoy free content provided, should know that Steemit actually rewards so called ''Curators'' who simply Upvote (same as ''Like'') content and comment on Posts

How does one earn on Steemit?

There is something called the ‘rewards pool’ which is basically doling out Rewards on quality posts and individuals that curate other users Post & Comment. This system basically rewards content creation and curation, through a Cryptocurrency which is bought and sold on Exchanges according to Market Demand & Supply

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Steem is distributed through a voting system that assigns a value to each post and comment and thereafter distributes Steem tokens to the content creators based on the wisdom of the community. Therefore, the more users who upvote your posts, the more Steem you'll earn which you can also cash out of your wallet via an Cryptocurrency exchange.

If you consider yourself an active Social Media users, especially someone that has a passion that they would like to share with the world or someone who enjoys blogging to pass time, then this is next revolutionary Platform to join

Join Steemit as it also offers the opportunity to start earning a Cryptocurrency immediately without having to understand it, if you're one of the billions of users on Facebook, you'll find that Steemit's simple design makes it a user-friendly platform ready for mass-adoption especially when compared to Reddit and top of that it's Decentralized

I believe Steemit could potentially be the future of Social Media, it could easily beat Reddit in terms of Valuation and users growth in the following next 5 years or perhaps even take on the biggest network out there, Facebook. This is a never done before experiment in an attempt to distribute value from Content Creation to the end-users, if Steemit grows over the following years those that invest time or money in Steemit will be the ones to secure a stake in the first Social Crypto-based Network

Don't miss out on the once of the lifetime opportunity to invest in Myspace Facebook, Steemit

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Good but with 130 views it seems like you're made little effort to promote the post outside of steem.

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Thanks for all support @transisto , I've actually got multiple Social Media Accounts to raise awareness for Cryptocurrencies espcially on Twitter, but also expecting to work more on my SteemNation Facebook Page. Going to spend more time curating in the future, finding educational content on Steemit to be shared to Facebook since it will definitely raise more awareness, I'm still in the initial stage of the project and have yet lot's of growth to do, Content like this is meant to be shared out outside of Steemit
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nice one

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Bro....
bcak me vote and Comments...
and follow me plzzz

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I have upvoted u

If I copy and paste this on FB Suckerberg (THE CUCK)won't like it.

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I did it !! We spend so much time there on that dab gum site and get nothing in return. And people like me who are not left wing liberals get censored all the time!

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Totally agreed to this! Definitely will try to promote this more on alternative Social Media Steemit Facebook Group!

Great this post, shared. That's what Steemit needs now. We must all spread the word on other social networks to achieve this goal, which is for the good of the whole community. Respectfully and without the intention of spamming here, I invite you to participate actively in the campaign that is being carried out @surpassinggoogle. I don't link here out of respect for the author. Please visit their blog, there you can find the call and participate in the contest. Love for all.

Excellent post, I have been here since May and have enjoyed the community aspect much more than those other social media places.

simply

Awesome promotional post @steemitguide ! Upped and resteemed !👌😀💕✌👍

Resteemed and Upvoted! Love this platform.

Another reminder as to how lucky we are to even know about this space before the waves brought in by SMTs, and the changing allocations that’ll happen, which I’m still trying to understand (“minnow” here, but new completely to blockchain in any context)—thanks for your accesible style!

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Welcome to the blockchain :)

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indeed its a blockchain to wealth through creative thinking

this is why i will always be grateful to my friend who led me to steemit. very creative and innovative site. Nice post full of information

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Totally agreed to this! Especially if Steemit becomes part of someone's life, just like how facebook has so much influence. Artists, Freelancers and Bloggers will love this Platform

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very true. this is both addictive and innovative because it gives users the opportunity to meet creative minds that will not only transform your ability to think proactively but think creatively and it pays for your time. thanks again.

Great post and information, thanks.

Thanks for making it clear and understanding to the social bloggers out there hopefully we can give Facebook something to worry about. Upvoted and Re-Steemed :)

I'm just thankful that my fret recommended me this site. I'm enjoying the people, learning and loving what other people share. :)

I saw an ad for Steemit on FB about a year ago ... I looked at it, but didnt really put it together what it was and how it benefitted me so I never looked back at it ... wasn't until I got involved in crypto that it came across my desk again and made more sense this time

Amazing summary but in depth insight into steemit.

Thanks you've really educated me today

Very informative, and and absolute no brainer for why everyone should join Steemit. Thanks for sharing this!

Thanks for making us aware of the advantages of steemit. It's really a user friendly platform compared to other social media..

Nice post for us. Thanks

excellent work,, effort,....excellent article

Say it like it is! Do you think steemit will surpass f-book in users?
I double dawg dare ya to post this there! Lol

Thank you for the info

nice post

Keep it up I really learn a lot

Nice post....
bcak me vote and Comments...
and follow me plzzz

I joined a while ago and its good to see steemit is still here

This explains the platform really well- I feel like I am finally beginning to grasp what this is all about- and I UPVOTE it! Good Intentions! Community-based sharing and exchange! Happy to be here.