Without a doubt, steemit is still like a diamond in the dirt, waiting to be discovered and explored. According to Wikipedia steemit has an estimated 500,000 users in 2017. This attest to the fact that billions of people are yet to identify with this gold mine. Of the estimated 500,000 users most of us are yet to grasp the full potentials of steemit. As far as I can forecast, steemit is the next big deal. Facebook hardly pays people for uploading contents yet it has billions of users that spends data and time in an activity that is hardly rewarding. What happens when the world knows there is a new Facebook that pays for posting contents. Which ever answer you arrive at, it is apparently clear that steemit has a huge potential for growth. Bear in mind that the first people that trusted and invested in Bitcoins are now billionaires in USD! Where will you be when Steemit becomes the real big deal? If your dream is to be among the top earners, this article is for you, ride on. Now let's get into the knity gritty of steemit.
History of Steemit
Steemit was launched in July 4th, 2016 by steemit, Inc. Steemit Inc is a private company with it's headquarters in Virginia. Steemit unlike WordPress and others is a blogging and social networking site which is powered by the steem blockchain database. Steemit pays people that uploads contents such as articles, pictures, videos etc with steem and steem dollars. These are tradable tokens users get for posting contents, discovering good content and commenting on interesting contents.
How it works
As a new user you start with a reputation pegged at 25, As you post contents and get voted your reputation gradually increases. Your reputation also grows when you upvote and comment on good content (curating). As you do all these you get rewarded. The reward comes in a cryptocurrency token named steem and US dollar pegged tokens called Steem Dollars.
Stay tuned for more educative posts about steemit. In the mean time kindly upvote, comment and follow.
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If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Truly the real deal
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