Steemit is a social network that looks and functions a lot like Reddit, but with one HUGE difference:
Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work.
This is possible because the Steemit platform is built on top of a new kind of digital currency called Steem. (Think Bitcoin, which is another kind of digital currency that has been around for a while.)
Every day, new units of the currency are created by the network and distributed to its users, who can exchange these digital currency units for actual real money. And it’s completely free to get started.
RE: What is STEEM and how does it work?