What is STEEMIT and how does it works

in #steem • 7 years ago

 Steemit, a new social media platform where everyone gets paid to post online, has been released in beta. 

Idea:

 Steemit is powered by blockchain technology and uses a new cryptocurrency to reward users who upload articles, images, commentary, etc. Other ways users can get paid is through sourcing and up-voting popular content. The earlier a person up-votes a post that becomes popular, the more is the reward. Users are paid half in 'Steem Power' (a vesting currency) and half in Steem Dollars, which can be exchanged for US Dollars. 

#money #fun
7 years ago in #steem by
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