Why Steemit is so important to the Newbie Investor .
Why Steemit is so important to the Newbie Investor .
I want to firstly start off by stating that this is only my opinion & point of views , This is not financial advice in no shape or form . I’m just simply stating point of views through personal experiences , Trials, & error ....
With that being stated , I think everyone should make a Steemit account before Investing or entering the Cryptospace . Simply because people can easily use it’s Blockchain without having a clue what a Blockchain actually is and generate revenue in the meantime . So while your doing your due diligence , your getting hands on experience using a blockchain. Another great perk for using Steem is it’s transactions speed , capability, & Steem has No transaction fees at all .
- Before I go any further let’s break down a few things :
What is Steem ?
Steem is a cryptocurrency used to power the platform Steemit.What is Steemit ?
Steemit - an incentivized blockchain social media platform. Users create and curate content on Steemit just like other social news platforms (e.g. Reddit, Facebook ) and get rewarded in Steem , Steem Backed Dollars , Steem Power for their work.Who Created Steemit ?
The project was founded in 2016 by Ned Scott and Dan Larimer, creator of BitShares. The two are founders of the Steemit Inc. company which runs the Steemit website and funds ongoing development of the platform.What is A Steem Wallet ?
A STEEM wallet is an application that allows you to manage your STEEM, possibly in the form of STEEM Dollars, VESTS, or STEEM (STEEM Tokens). Some STEEM wallets offer integrated access to STEEM posts, and may also have built-in exchanges to assist with the different types of STEEM currency.What is SMT ?
A Smart Media Token (SMT) is a native digital asset on the Steem blockchain that can be quickly launched by anyone to help monetize online content and create incentives to encourage desired user behavior.
- Keep Track of the Value of Steem & Steem Backed Dollars :
https://coinmarketcap.com/currencies/steem/
https://coinmarketcap.com/currencies/steem-dollars/
Steemit has a great community backing the ecosystem. Steemians are very welcoming to Newbies and are very helpful on promoting knowledge about the platform. Steemit can also be an educational outlet on its own through valuable content posts . With these notes about I strongly believe that you should create a Steemit account to get your feet wet within the Crypto space . Before investing your money , you should invest your time to expand your knowledge on CryptoCurrency and Blockchain technology.
