The terminology of content monetization of social media.

The terminology of content monetization of social media.

This is a list of terms I think you need to understand when starting as a content creator on Hive or it’s communities like Leofinance.

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#Content
The stuff you upload on Facebook, like pictures, poems, stories or anything else you upload is called #content.

#Content-creators
People who take pictures, write poems or stories, make music or movies, are called #content-creators.

#Publishing
When you upload stuff on Facebook, so that people can see it on your webpage it’s called #publishing.

#Publishers
Some people who take pictures, write poems sell them through a #publisher. The #publishers help the content producers make money. The #publishers get a percentage of the money. Unfortunately most forms of Social Media like Facebook, Instagram, Tik-Tok or YouTube keep the money your content generates via Advertising revenue or data selling, with YouTube being the exception, in that once you generate a certain large number of subscribers and views you get paid.

#Monetize
This means to turn something into money, but it’s not an actual transformation of something into money, it means use it to make money.

#Content Publisher or Content Publishing website
Leofinance is also called a #content #publishing #site.

#Hive compared to Facebook:
The big difference between Facebook and Leofinance is that people provide #content to Facebook for free. On Leofinance people can get paid for the same content they upload on Facebook for free. The application Leofinance is free just like Facebook. It is a webpage application, so you don’t have to download it to your phone or computer. You just go to the webpage, type in your user name and password and see your personal webpage just like Facebook.

#Wallet
But because you get paid on Leofinance you have a special page called a #wallet page where you see all the rewards you get for your content.

#Rewards, #likes, #upvotes, #liking and #upvoting.
There are many things on Leofinance, you won’t find on Facebook. One of the most important of these is called rewards. Also Leofinance has #likes but they are called #”upvotes”. Instead of leaving a #like, you leave an #upvote. So instead of #liking content you #upvote it. The important thing about this is you receive a #payment or #reward for #upvotes. The payme@nt or #rewards for #upvotes on Leofinance are in cryptocurrency token called #Leo. But you can use your #Metamask wallet to receive your rewards in #Ethereum.

#Author and #Curation rewards
On Leofinance #content creators who upload content receive #rewards called #author rewards. They are considered the author of content they create. This includes written and video content. The rewards are a cryptocurrency token like Bitcoin, but it’s a different cryptocurrency token called #Leo.

#Leo Token and #Hive #Blockchain

#Leo #Hive
You have probably heard of Bitcoin, it is a form of digital money called a #”cryptocurrency” token. Leo and Hive are cryptocurrency tokens like Bitcoin.

#Blockchain
The book-keeping or accounting system which keeps track of Leofinance and Leo is called a “blockchain.” You probably have hearing about this #new-thing called the blockchain. It’s a new way to track money, supplies, events and store information. It is different from any other form of accounting isystem and it underlies Hive and Leofinance.

But you don’t have to understand the blockchain and how it works to be a content creator, because on Hive we want you to focus on creating content, engaging your audience, reading content and engaging authors or content producers.