Steemit is a great platform where you can earn for free! Once you created your account be sure you will backup your password because it can't be recovered. Once everything is done start by posting some interesting articles and connect with new people from ''new, hot, treding or promoted''.
As you can see you can ''UPVOTE'' a post or a comment if you want to. Upvote depends on each member Steem Power. If you are new probably you will upvote with $0.02. But you will see in time there are old members which can give you a lot of money with only one Upvote.
The secret is to be active, comment on others posts, Upvote smart and post interesting articles.
Steem
Steem is similar to publicly traded company shares. The amount of Steem doubles each year so there is signficant dilution for those that hold Steem, however like many fast growing startups a rapid increase in value may outpace the dilution. Just like company shares (ie. stocks) these digital assets have value as more people use and contribute to the ecosystem. The estimated value of the total outstanding Steem assets is currently about $20 million on Coinmarketcap.com.
Steem Power
Steem Power is similar to private restricted company shares and have disadvantages and advantages. One disadvantage is that holders can't sell Steem Power immediately; hence they are illiquid. The advantages of Steem Power is that holders:
May earn more Steem and Steem dollars as dividends to offset any dilution.
Have voting power to determine the value of each post.
Steem Dollars
Steem dollars are assets that are created from loans using Steem/Steem power as collateral. If the Steem ecosystem is worth $20 million, the Steem software can create one million in dollars as a loan on the network and issue it as currency for circulation. It's the same as if you owned Apple stock shares worth $500,000 and created a $25,000 loan on your shares and used that as money. You can use similar mechanics with real estate. In fact commercial banks create money this way. Just think about home equity loans and then think about regular home loans and how banks use real estate as collateral to create fiat money.
Are you wondering how can you cash out your money? Very easy by selling your Steem directly on Steemit. You will get Bitcoin ready to be spent on what do you like!
If this article helped you please Follow me and leave an Upvote! Thanks
great article,my first time to upvote lol,looking forward to catch up soon.
hey, thank you!
thank you for the great tips, how long are you on steemit, bro.
Thanks, I just joined today bro! Trying to help others to understand as I did already :D
Just what I needed! Thanks! Made it clearer for me to understand steemit
Nice info. Upvoted
Thank you so much!
Nice write up!
Thank you!
I feel grateful that there are people out there trying to help. i will be following you
Nice post
Thanks for the advice lol. i was thinking about liking every post but now I think im going to like the posts that I actually like starting with yours :D
Great article.
Very helpful info, needed it
Great article. I am new and had no clue how this all worked. Thank you for all the valuable information.
Good to know! I'm still confused by this platform.
I agree, thanks for the well explained and easy to find explanation 👌🏼
Thank for the info! Still new on Steemit!
Thank you for this! I am new to Steemit and very confused about the way the system works. I guess I'll figure it out over time. :-)