Steemit - General Facts (Beginner)

STEEMIT - GENERAL FACTS (BEGINNER)

I do understand that many of us beginners want to know what Steemit is and How it works but are lazy enough to do some research and just try to ask any person they know who already started there journey with Steemit.com.

By the way, Call me Ronald, a profesional nurse and currently working as a paramedic. I work 12 hours for four days and four days offs so during this 4 days offs i spend it on monitoring stock market, bitcoin and to start writing blogs. To write about Steemit will be my first project.

To start, my first article is about the general understanding of Steemit. Here are my 8 General Facts About Steemit.

1 Steemit defined

Steemit is a social network same like facebook but you can be rewarded with a cryptocurrency called STEEM from your posted articles, blogs, etc, and when commenting and upvoting.

2 How Steemit works?

Steemit works by getting reward with your content or post by other Steemit users. This is possible with the help of STEEM blockchain technology and cryptocurrency. The more upvote and comments your content/ posts receive the more STEEM you will receive as a reward.

3 Steemit compared to other social media websites.

Steemit is decentralized and owned by the users. Steemit users received all the rewards and not shared like other social media does.

4 Post, Comment, Vote.

Feel free to post your own content, vote and comment for others posts because it cause nothing. Help others with your votes and comments and you might even earn from it.

5 How to earn digital tokens on Steemit?

Posting, Voting and Curating, Purchasing are the ways to earn digital tokens from Steemit.

Posting - The more upvotes you receive from your posts the more STEEM reward you can receive.

Voting and Curating - Upvote a post and that post becomes popular or viral, you can earn curation reward.

Purchasing - Using your bitcoin or any other cryptocurrency you can purchase STEEM or Steem Dollar token. You earn with the fluctuation of STEEM market price.

6 Tokens from Steem.

Steem tokens is used as rewards to users posts and curators and it is continually produced.

7 Value of Steem tokens.

STEEM tokens is a cryptocurrency that can be traded in the market like Bitcoins and other cryptocurrencies. Same in stock market, when their is increase in demand price goes up.

8 Rewards

Rewards depend on your network, connections, followers, and reputation. If your post goes viral and get more attention to other users and will upvote your post, the more tokens you can receive as reward.

Those are my simplified General Facts of Steemit.com that all beginners must know. I hope this guide help beginners out there. Follow me for more beginners tips and facts.