WHAT IS STEEMIT?
It is a social network that combines the creation of content, interaction with users and the use of a cryptocurrency called Steem .
Monetary system
Steemit
It is the cryptocurrency on which Steemit is based. It is quite similar to Bitcoin, although a big difference is that the rewards are more for authors and curators than for the creators of currency or miners.
Steem's blockchain is also the basis of other tokens: an asset called Steem dollars that intends to always have the value of an American dollar and that is used as part of the payment to authors and curators. Steem and dollar steem can be bought and sold in the cryptocurrency market.
Steem Power : represents the influence that a user has on the social network compared to the rest of the users of the community and is measured in Steem. It can not be bought or sold but it can be transformed into Steem in a process that lasts 104 weeks. This method is called Powering down. When a new user registers, the platform gives a small amount of Steem power to each member.You can always get more steem power through a process called powering up where the Steem is transformed into Steem power. The more Steem power a user has, the greater the impact of their votes. If the content is voted by someone with a considerable amount of steem power, then the post will be rewarded with Steem, Steem power or steem dollars.
Steem Dollars: the steem dollar is an asset that is always intended to be worth the same as an American dollar. It can be bought and sold in the cryptos market just like the Steem. On the same platform there is an integrated exchange value allowing the exchange of Steem dollars to Steem. This process usually lasts a week. The steem dollars will give an interest of 10% per year if they stay in the platform, but if the steem dollars increase in value overcoming the dollar the interest can be stopped. Conversely, if the steem dollars are changed to a value lower than the US dollar and the amount of them is not very high, then the interest will increase. If the person chooses to convert the steem dollars to steem, there will be three things that he can do with the steem: sell it, use it as a cryptocurrency or convert it to steem power.
HOW TO EARN MONEY WITH STEEMIT?
There are many ways to make money with this great social network, one of them is to publish, if you ask yourself, what? what you want drawings, covers made by you, if you like to write you can also use it to earn money.
You can publish what you want but how it works, on what the amount of money you will receive is based, since in the acceptance that your publication receives the most like and more comments more money for you !!
And that brings me to the next way you can make money with this social network, which is very simple and in other networks you do it for free and without spending a lot of time, with a simple like or a comment you can earn money, and if you are one of the people who like to help others you can sign up for another benefit you would also be helping others.
* TUTORIAL *: How to register in Steemit and how it works
Steps to follow:
Link here to register in steemit .
Create an account, click on the top right "Create Account"
Log in with Facebook
Accept to register with Facebook
Log in with Facebook in a successful way, choose your username and password, confirm password
Once registered click on "Login", we enter our username and password. Click on "Submit a Story" to tell our story.
We have to tell a story, or whatever you want. You can add, images, Gift, or Videos. First we start with the title, and then with the text and with photos.
Click on the editor to get the options of bold, italics, photos. If you click on "Markdown", it's as if it were html, you can paste the Youtube code or a Gift.
Click on the editor to get the options of bold, italics, photos. If you click on "Markdown", it's as if it were html, you can paste the Youtube code or a Gift.
We go to the web, https://postimg.org to upload the photo we want. One photo at a time, no more than one, if it does not go wrong.
Copy the link where it says "Direct link", we paste it in the editor by clicking on the small image and we give the tick of ok.
To finish we have to write the "Tags", for this I recommend that you see the ones that are working, either by looking to the right on the home page, or in the categories of "hot and trends". Do not write in CAPITAL LETTERS, otherwise do not let you send. Last step, click on post. It is already published, just wait.
Step by step guide how to make money in Steemit.
Really steem power is used to measure the age of your account and the power of your articles, if you have more steem power your blogs can get more upvotes and comments here I will guide you how you can get the steem payment in just a few hours
Step 1 . - Write articles rich in content, An article with little text has little value, and above all its profit goes to Steem Power and we do not want more Steem Power what we need is Steem payment to see the fruit of our work.
Step 2. - Search for an item that has a profit of thousands of dollars, comment on those items and when the owner of that article will upvote you will earn dollars.
Step 3. - More articles get faster votes and there will be more quick profit opportunities, so when you put a new article, try to get votes faster and if you have small votes then join any Steem community where people can share their votes and Vows are returned to you as a service of exchange of votes.
Final trick:
Your article in Steemit must have several labels, the first one will be the main category, you must put five labels to have more traffic from other bloggers.
GOOD NEWS:
Now you can join the Facebook group and get votes quickly by publishing your articles asking for help from the community, because if you do not receive quick votes, you will not receive a quick payment and the votes of your article will become Steem Powery. in reserve for 2 years and 104 payments.
LINK GROUP FACEBOOK:
https://www.facebook.com/groups/steemitnow/
Many people do not know what is 2 years and 104 payments allow me to explain:
Steem Power has a 2-year maturation fund and in order to convert it back into steem you need to have 104 payments for your items so you need to quickly convert your steem power into steem and when making items, try to get votes quickly.
How to Start Earning Money with Steemit Social Network to Earn Money Publishing
1. How money is made in Steemit
There are 2 ways to get money within this social network:
° Reward for healing (reward for voting but that is the term we use here)
° Reward for Author (Means the earnings of your articles that may be publications or comments)
2. How the money is distributed in Steemit articles:
° Each article that you publish lasts 7 days after it is published, receiving votes that each vote contributes some money depending on the rank of the voter and the voting power of the voter.
After the voting time ends, the profits are distributed as follows: 75% for the author of the topic or comment and 25% among all the users who voted
3. How Steemit Money Is Handled
To explain this we have to talk about knowing that in steemit we handle two coins Steem and STEEM DOLLARS
° Steem is the crypto currency of the same social network that is based on Blockchain technology like Bitcoin and how its value goes up and down with the market
° STEEM DOLLARS is the Token that we use in the social network that its value will always always be an American Dollar
° There is a third option in our Wallet that is Steem Power that would come feel the amount of the Crypto currency of Steem that we have invested in our Steemit account and the more Steem Power you own your account will have much more voting power and one vote than the principle is not worth even a dime of 0.01 dollar with more steem power in our account can be worth $ 1 or $ 15 for each vote you give in a publication of yours or someone else's.
To make it clear any of these coins can be exchanged with Steem Steem you can pass it to Steem Power or vice versa, as well as you can also go from your STEEM DOLLARS to Steem.
To conclude this part I clarify some differences between the coins:
° Steem: You can change it for any of the other two but it does not influence anything that you have many or nothing in your Steemit account but it goes up in value whenever the crypto currency goes up and you can dispose of it immediately by passing it to your poloniex wallet or bitrex
° Steem Power: Your votes are worth more money in the community, it also goes up in value like Steem but to get it out you need to wait 3 to 4 days to transfer it to Steem and withdraw it to your wallet
° STEEM DOLLARS: It will always have the value of a Dollar so it does not go up or down with the market and you also have it always available to withdraw it or exchange it for Bitcoin or other critics directly from the Steemit community.
4. How they pay you the money you earn in your articles.
When you create your post you have the option below to choose Default 50% / 50% and Power Up 100%
The first means that of what your article collects in the 7 days 50% of what you have earned in Steem Power and the other half in STEEM DOLLARS Example: if the post collects $ 10 in the week you will get $ 7.50 for being the author and if you selected 50% / 50% of $ 3.75 in Steem Power and $ 3.75 in STEEM DOLLARS and in the other option they would give you the $ 7.50 in Steem Power that would be the best option if your intention is to raise the money to get the most amount in the future.
How do I convert Steem to BitCoin?
You have to transfer it to an Exchange website, some people want to buy bitcoins to buy Stem, some people want to buy Steam for Bitcoin, depending on how they see the market and their own finances. So you basically do an exchange. You sell them Steem, they sell you Bitcoin. To do this, you must send your Steem, or Steem Dollars to an exchange, either Poloniex or Bittrex are good options.
In Poloniex go to the section of deposits and withdrawals and next to the deposit of click of Steem (or SBD), there you will find a note and an address, the address is Poloniex.
Go back to Steemit and in your wallet enter the note and address (poloniex), and an amount (I recommend a small amount to start) and click send. It will take a while to arrive, maybe 5 minutes (bitcoin could be much more) but once it is there, go to the swap section and click on Steem in the column at the top right.
Then, below the graph, to the left halfway down, enter the price in BTC for the one you want to sell (currently, 0.0058) and the amount of style you want to sell. Next, calculate how many bitcoins you will receive, place the order.
You can also set a higher price, but it will only apply if the market rises (costs a little less in transaction fees in this way).
I like steemit but at this moment since the price crashed so much it's not really lucrative. I think the best method to earn altcoins is by doing bounty hunting. I wrote a blog post about it here: https://steemit.com/earnmoney/@niel96/earn-cryptocurrency-from-home-by-doing-tasks-on-bounty0x
Good sharing bro.. really appreciate it.. thank you for the info..
thank you for the comment!
Thanks for the info, you're the best👍
This post has received a 13.73 % upvote from @sleeplesswhale thanks to: @makingthebest09.
Thanks for this article. I am still trying to find ways on how to earn money thru Steemit. Sort of difficult. Maybe just me. XD
good...
Thank You Very Much For Sharing
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