Steemit has changed the definition of social media by building a vibrant and growing social economy - a community where users get rewards for sharing their vote. This is a new kind of attention-saving.
Contents:
- Description of the Steemit coin defi platform
- Where do the tokens come from on the project?
- How to create a Steemit account?
Description of the Steemit coin defi platform
Steemit.com — one of the websites (including DTube and SteemPeak.com) that run on the Steem blockchain and STEEM cryptocurrency. All of these websites read and write content on the Steem blockchain, which stores content in an immutable blockchain ledger and rewards users for their contribution with digital tokens, called STEEM.
These tokens are issued to users for their contributions, based on the votes, received by their content. Users who hold more tokens in their account as "Steem Power" will be able to decide where most of the reward pool is allocated. Steemit believes that users of the platform should receive benefits and rewards for their attention and the contributions they make to the crypto hot platform.
Earning digital tokens on Steemit is carried out in the following way:
| Publication | By sharing your posts, you can earn votes from community members. Depending on the votes you receive, you may receive a portion of the “reward pool”. |
| Voting and curating | If you discover a post and vote on it before it hits the popular post, you can earn curator rewards. The amount of the reward will depend on the Steem Power you have. |
| Purchase | Users can purchase STEEM or Steem Dollar tokens directly through their Steemit wallet, using Bitcoin, Ether or BitShares tokens. |
The Steem network is constantly creating new digital tokens to reward content creators and curators. Some of the newly created tokens are donated to users that add value to Steem by posting, commenting and voting on other people's posts. The rest is distributed between the Steem Power holders and the witnesses who power the blockchain.
Where do the tokens come from on the project?
Steem — a gaming system where users compete for attention and rewards by bringing content and value to the platform. The rewards that people receive - tokens that have market value and are easy to sell. This is similar to how someone, playing a video game, can get a limited item or currency. If currency or items can be transferable between users, they can sell or buy them in the markets.
How to create a Steemit account?
Click on the "Register" link at the top of steemit.com. You will be prompted to enter your email address and verify your phone number. Once your information has been verified, you will be added to a waiting list for an account. You will be notified by email as soon as your account is approved. After you receive a notification that your account is approved, click on the link in the email to complete the account creation process. Once your password has been saved click on the "Create Account" button. You can get more information about the project by studying the special introductory section. It provides answers to many questions, including those related to the rules of work. The smart contract has not been audited.
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