What is Steemit?
Steemit is a blockchain-based social media platform that rewards people for creating content. It is a place for individuals where they can create content, promote the content they deem good, comment on others stories and all this while earning money, sometimes thousands or even tens of thousands of dollars for single posts.
How does Steemit work? (Making Money with Steemit)
To start with, signing up on Steemit is free.
Steemit pays you for taking part in its theme activities through Steem, Steem Power, and Steem Dollars. Steem has already become a popular digital currency. The best thing is that the payment can be converted to US Dollars in exchanges.
Basically, there are two opportunities for you to make money with Steemit.
First is by Blogging or Posting. Here, you have to share your original and unique posts. When other members up-vote your post, you receive a payout. The number of upvotes determines your payout. Depending on the number of upvotes you get, you can receive 75% of the total payout.
The Steemit Currency Units
Steemit provides three different kinds of currency units.
They offer Steem, Steem Power, and Steem Dollars.
We will explain each one of them.
