Steemit Money Making Guide: Part #1 Steemit Guidelines to Keep in Mind

The social platforms based on the chain of blocks do not stop attracting glances, since people can participate in them and contribute articles, photographic designs and videos, without needing to be professionals full time. These spaces offer a wall of micropayments that allows users to send crypto-currencies for each piece of material, which is the key factor when differentiating from other social networks.

Ecosystems like Twitter and Facebook have accustomed us to some of the essence of journalism without intermediaries, but at the end of the day it does not change the fact that they have become what they are thanks to the journalistic work of others; Blockchain, on the other hand, proposes to attract people who want to materialize what they like most in a professional opportunity and not simply to throw the recreational field.

Last week we mentioned some of the platforms without intermediaries that can already be used - click here to read the article - but today we will focus on one of the best known, Steemit, specifically on how to generate money through it.

Steemit: a cryptocurrency, two smart contracts

Launched in March 2016, Steemit is a social platform powered by a chain of blocks called Steem, in which users get rewards through the Steem Power and Steem Dollars contracts: the first is the voting trunk that each account has, And the more Steem Power has a user, the stronger Steemit votes. There is no way to buy or sell Steem Power, but it is possible to turn them into Steem in a process that takes about 104 weeks. This contract is basically a long-term capital commitment.

The second token, Steem Dollars, proposes to distribute $ 1 of Steem to users, which through a seven-day conversion process aims to minimize the ability to create arbitration attacks ... in short, if the Steem Dollars were convertible to Steem immediately, a user could take advantage of a price difference, turn their Steem Dollars into Steem and thus earn more than $ 1 for the smart contract that was intended. This is the part that most interests many, since it is about short-term gains.

Ned Scott, a former financial analyst, and Daniel Larimer, founder of BitShares, are the creators of Steemit. Ned, a graduate in psychology and economics at Bates, is also a consultant to startups and has been immersed in the world of crypton coins since 2013, when he discovered Bitcoin in a finance article; Larimer, for his part, is an entrepreneur and software engineer who discovered Bitcoin when in 2009 he was trying to design a digital coin ... he then became involved in this world and concluded that decentralized exchanges would be necessary; Is also the creator of BitUSD and current CEO of Cryptonomex, a consulting firm of Blockchain.

At the time, my colleagues Jaime Sandoval, Eduardo Gomez and Daniela Caro, prepared very complete articles in which Steemit is the protagonist. The first is focused on the DECENT, Yours and Steem platforms, while the second provides a detailed look at the main features of the ecosystem; Finally, Daniela's article tells of the experience she had in interviewing Lorenzo Cloquell Fornari - one of the most frequent writers on the platform -, as usual, through a quiet café. I recommend reading the three articles to soak up the intrinsic peculiarities of the social network. You can access them by clicking here, here and here.

How can I make money at Steemit?
When registered users in Steemit sympathize with a post, it becomes more visible on the site. As I had previously stressed, the symbol representing a person's influence in the community is Steem Power, which starts with the original Steken token. In Steemit it is possible to appreciate the amount of material and the money invoiced by each person, since the relationship between the artist and the consumer is much more direct than in other social networks. Day by day the number of users that publishes is greater and you can see that the most veterans have already managed to exceed 2000 dollars in less than 24 hours.

In addition to this, it should be noted that Steemit does not skimp on incentives, since users who are thrifty within the platform, storing their crypto-currencies for a period of more than a year, receive a percentage interest as an incentive. Taking into consideration that the storage of coins equals more influence within the space, this translates into more followers. To belong to the community all you need is an account on Facebook or Reddit and carry out registration through the Steemit.com page.

Now, to begin with, the user must take into account several aspects: he only has the right to be rewarded with priority while having a greater amount of Steem Power -Steemit gives a small portion when registering-, so it is important to stay active in the social network ... to exemplify the panorama: of all the new Steem that is created, 90% goes for users who have Steem Power; It must be taken into account that making a name is not something that is taken a day or two, especially if it is a community that does not stop growing with editors that periodically contribute interesting content.

So, if a person writes a post that gets a lot of value, 75% is paid to the author of the entry and 25% to the curators, who are users who vote positively for the article. Fifty percent of the amount allocated to the editor is evenly divided into Steem Dollars and Steem Power, and I reiterate - this is very important - the more you have of the latter, the greater the influence within the community and the weight of the votes In other post. If, for example, a person just uploaded a high quality publication and a user with a lot of Steem Power votes and comments, Steemit will reward you with more money.

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