Steemit Tutorial 2018 Part 2

How to Start Using Steemit?

Now that your account is set up and your profile is complete, here are a few things you would want to know before starting your Steemit journey.

Steemit rewards value creation. To ascertain the value, it has a system which determines how valuable your content is and how valuable you are.Reputation Score: At the beginning, your reputation score is 25. As you contribute more towards the community, your reputation grows. People with less reputation earn fewer rewards and have less influence. Do increase your reputation to earn more. Reputation only increases when you receive a monetary reward on your post and comments.
Followers: New posts stay in the New section of the website for literally a few seconds before they are taken over by the newest posts. The only way to make your posts visible to people is that they see it in their home feed. It is only possible if you have followers. So followers help your content be visible and thus create more interactions and earn more rewards.
Posts, Comments & Upvotes: These three activities are at the core of your contribution to the community. The more value you contribute, the more rewards you get.
Reward Types: Steemit rewards its contributors in three ways. These are Steem, Steem Power, and Steem Dollars. They are briefly explained later.
Now let me briefly discuss reputation score and reward types.

Difference between Steem, Steem Power, and Steem Dollars?

Here’s the difference between three reward types. If you read my article on understanding Steemit currencies, you do not need to read this part.

STEEM – STEEM is the base liquid currency token in the platform. STEEM can be powered up to STEEM Power, traded for Steem Dollars, and transferred to other accounts. It is a cryptocurrency token, similar to bitcoin.

STEEM Power – STEEM Power (abbreviated SP) is a measurement of how much influence a user has in the Steem network. The more STEEM Power a user holds, the more they can influence the value of posts and comments. STEEM Power is less liquid. If a user wishes to “Power Down” SP, they will receive equal distributions of the STEEM weekly, over a 13 week period.

Steem Dollars – Steem Dollars (commonly abbreviated SBD) are liquid stable-value currency tokens designed to be pegged to $1 USD. They can be traded with STEEM and transferred to other accounts for commerce or exchange. Steem Dollars may also be converted into STEEM in a process that takes 3.5 days. Steem Dollars can be used to buy things in marketplaces, such as PeerHub.com.