What is steemit ?
Steemit is a blockchain based social media platform.Where you can earn or get rewards by uploading a post or videos on this platform.
It is a very good platform to earn hundreds of dollars from a single post.From here you can Earn and learn new things which was happened in the world.
Ned Scott and Daniel Larimer(CEO of Bitshares) is the founder of steemit platform.It is a blockchain based platform where both author and curators Earn a income on a post.
How to Start Earning on steemit ?
Firstly you have to signup on steemit.com Where you find two options for open your account the one is free which takes approx 1 week for verification and the another one is paid where you get instant access and the amount used to open your account was given back to you in your wallet.
Types of wallet?
Their are three main types of wallet:-
- Steem- It is a liquid type of cryptocurrency which we can buy or sell from actual money.This money can be transferred to another wallet on steemit or outside the steemit.But you should not hold steemit unit for long time because after a long time it was dilluted and go to the loose value.
- Steem Power(SP)- Steem power helps you in influincing your account more on network.And more steem power means more voting power.You can do Power UP And Power Down from your steem wallet.
- Steem Dollar(SBD)-Steem Dollar is a stable currency which was placed againt USDT.So this price remains approximately same around 1 Dollar and it will not fluctuate more.Steem Dollars can be transferred to any exchange and you can take withdaraw in your currency.
Another Terms Which was used on steemit platform:-
- What is delegated Power- Users can give or delegate their steem power on rent to another users.So that you can build your account more influincing.You can undelegate your Steem Power at any time.The user which gets your delegated power can not withdraw from this.So you have not worry about your steem power.
- What is voting power- Voting power means how much percentage(%) of Upvotes received by any members post.Your voting value and influence depends on your voting weight.At first you can Upvote to someone with 100% power But when your Steem Power is above 500 Then you can control your voting percentage from 1% to 100%.After 24 Hrs Steemit recovers your voting power about 20% everyday.
- What is curation Rewards- The 75% of the rewards was given to the author in 50% Steem Power Or 50% Steem and Some goes into SBD wallet in 7 Days and another 25% goes to the Curators Wallet.
- What is Reputation- Reputation scores measures your value in steemit community.Your Reputation increases when anyone Upvotes or comments on your post which has more Steem Power.Your Reputation can be decreased when anyone downvote your post by Flagging.
Some tips to grow your steemit account:-
- Write good and useful content with your own words.
- Upvote and comment on good posts.But dont comment like this Good,Nice blog,Etc.So you can ask question or share your opinion on it.
- Use your account daily and do daily blogs.It increases Your follower.
- Try to increase your Steem power as more as you can.