How steemit generate revenue ($) and share to the users?

in steemit •  7 years ago  (edited)


I joined steemit almost 2 months before. Its really nice platform where you get paid for your work. From the beginning , I have a question how it generate revenue and shares to its users for their post? But ,at that time I thought why I need to know this ,let it be. Be happy with the well paid article.


Initially, I joined steemit for my interest.. Now, I want to make blogging hobby to my profession. I am seriously trying to know how they operate ,generate and distribute the money for the article? can they survive in the competitive world for a long time?

I hope it will be the future social media.

Anyone know about this , please comment on this post...I would really appreciate.
Thanks !!!
Follow @bibek

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I joint Steemit about 2 weeks ago and I also interested how Steemit is making money. My first idea was that Steemit is making money with transactions fees but on the steemit world, there aren't transactions fees. So now I'm at the beginning and don't know how it's possible to generate so much money from air. Maybe someone can help us :)

Hi @komischername
Welcome to the steemit community....Thanks for your replies with ideas..I feel happy I am not only the person that want to know how steem make money.. Expecting answer from the steem expert....

@bibek This is what I would recommend. The Steemit Whitepaper! It's a long read...44 pages long...but if you want a true understanding of how it all works, take the time to read it. https://steem.io/SteemWhitePaper.pdf

Thank you for the recommendation..@lexikon082.. I will definitely go though this whitepaper..appreciated..

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Thank you... :)

Hello @bibek, I am also interested in knowing the revenue generation method of steemit.com for paying steemians for the post, curating and upvote.. Please post your view of steemit white paper, if you finished going through it... Thanks

it will be lengthy to describe here..go through it ..you can understand:))

thank you... I will do so...

great:!!!