Steemit is a blockchain based social media platform that rewards users for participating in the platform. That means your writings are getting paid if you write good content.
This guide tells you how you can make money on steemit and simple ways to convert your steems to dollars.
Steemit is a blockchain social media platform that rewards for people for their contribution. If you have unique concepts and it’s taking time to success in blogging, then you can give a try to steemit. With the platform, you earn steem dollars.
Steem: Steem is a liquid currency of steemit platform. We can call it the cryptocurrency. This can be sold or bought in open markets and you can also trade in markets as real cash on cryptocurrency. These can be converted into steem power and steem dollars.
Steem Power: This is the power of ownership in the network which gives strength to your steemit profile. If you have more steem power, then your upvotes can count most for the value. This cannot be sold for two years, so you have to grow your money in the long term.
Steem dollars: Steem dollars (SBD) are liquid state value currency token designed to exchange in real USD. You can use these steem dollars in other accounts for exchange or trading. This is the stable currency which can be sold at any time, unlike steem. You can not use steem dollars as real money without converting them into bitcoin or USD.