Steemit is a blockchain-based platform that pays you just for sharing your voice or supporting others. Whether you’re a content creator or just enjoy sharing your ideas online, Steemit is for you.
What is Steemit All About
Steemit is a decentralized social media where you can share your content and get paid in return. Like most decentralized platforms, you control your own data and earn STEEM tokens for each contribution you make.
Steemit is built on Steem blockchain which is fast and free. Steem blockchain aims to change the social media model by returning the power to users. According to its website, Steem has paid $59,595,935 rewards to its users, which is astonishing!
Steem and Hive: What’s the Difference
In 2020, Justin Sun, the founder of Tron blockchain, bought Steemit which upset many of its users. They decided to leave the ecosystem and form their own version of Steemit based on the current ecosystem. They performed a hard fork on march 20 and created Hive blockchain.
Simply put, a hard fork divides a blockchain into two different systems. These two new blockchains have a similar past but will continue their activities as independent systems. So, all the posts created before march 20th exist on both Steem and Hive and after that, each blockchain records its own content that may not be available on the other.
Long story short, Steem and Hive work similarly and are based on the same foundation, but they have different leaderships.
How Do I Make Money on Steemit
Steemit allows you to earn STEEM tokens in different ways:
- Creating valuable content
- Upvoting a post before it becomes popular
- Offering your services to Steemit members
- Joining contests on Steemitblog and other communities
- Renting your STEEM tokens to other members and receiving daily payment
You can see one of the featured contests on Steemit below:
How Can I Use Steemit
You have to make an account first. Go to Steem sign up page and click on the “Sign up for free” button. You have to verify your phone number and email address. This is a way for Steemit to make sure that every person just creates one account on the platform. Also, choose your username carefully because you won’t be able to change it later.
After verifying your phone number and email, you’ll be added to the waiting list. If accepted, you’ll receive an email from Steem with your username and password.
One thing to keep in mind is that Steemit is based on blockchain which means all your content will be recorded on the network permanently. Simply put, you won’t be able to delete your account and all your activities recorded on Steem blockchain.
Where Can I Buy STEEM Tokens
You can buy STEEM tokens from different crypto exchanges such as Poloniex, Binance, Houbi, and Bittrex.
CoinMarketCap is a good place to check STEEM’s price history and fluctuations.
Endnote
Steemit is a blockchain-based platform that pays you just for sharing your voice or supporting others. STEEM is the blockchain’s native token and you can earn it by creating content, upvoting other users’ content, or winning a contest.