How steemit works?

How does Steemit work?

• Steemit is a social networking site + e-business, which is Steem,

I think the reader knows exactly what a social networking site means. Keep on knowing about the electronic currency Steem (Steem)

The electronic currency is a virtual work, meaning that it exists on the net only as the currency of creation. Steam can be sent to anyone who has an account on the site and can be converted to a configuration through exchange platforms like Colonex or can be sold to a local paper currency in ways that will be mentioned in subsequent postings.
There are approximately 250 stained-glass windows currently, and the price of one camping is approximately $ 1. Every day, a certain number of participants are distributed on the site according to the number of votes, their strength and the strength of their accounts. The cloak that is distributed daily is a new currency that is released from a block of code (Blockchain). 1% of the total number of annual surveys will be issued. This means that if there are 250 million CITES in 2017, 2.5 million new CITES will be issued in the same year, distributed daily to the participants.

Explanation of the Portfolio of Steam

When anyone opens an account in the account, he or she automatically has his or her e-currency account linked to the account consisting of Steem, Steem Power, Steem Dollar.

•    Steem
  

A free coin is a free coin that means that you can receive any number of steams from anyone at any time. You can also send a SIM card to any of our digital exchange platforms and convert it to a new one. You can buy online through some of the platforms that receive digital currency. You can sell digital currency and convert it to local paper currency.

•    Power of Account or Steem Power
  

Steam Power is a restricted currency in the sense that you are restricting the number of steams in your account, and all the more limited the number of restricted checks, the stronger your account. You can retrieve the restricted term from a business account called () within 13 weeks. Every week, a number of the Bauer shifts to Steem.
What is the power of the account? The more powerful your account, the greater your influence. In other words, you get more rewards when you vote and receive higher rewards when you vote for a publication. Some people buy Steem to force their accounts.

•       Steem Dollar
  

Stem dollar is an electronic currency equivalent in dollar value meaning that 1 Steem = $ 1. In contrast to the stigma whose price changes daily. Stem dollar is semi-fixed price.
You can use the $ Steem in your publications leaf to reach more people. For example, if you burn a ten-dollar-dollar publication, it will be on the upgraded PostScript page and reach more people.

•       Rewards
  

When you post a blog before publishing, the site asks you to choose the equivalent method
1 - Be 100 & Steam Power to strengthen your account, in which case you will not be able to pay the bonus directly
2 - be 50% Steam Power and 50% Steam $ and in the latter case can manage half the value of the reward immediately after arrival
After posting, others can vote on your advice within a week. After the week, the bonus is transferred to your account and you can not vote on your advice or increase the bonus.

A two-part bonus: the majority of the reward is author awards. A small portion of the reward goes to the voters (Curators rewards). The allocation of a small portion of the reward distributed to those who voted for the publication encourages people to discover publications with good content.