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What is Steemit.com?
Steemit is a social network and content rewards platform that makes the crowd the beneficiaries of the attention economy. It does this be rewarding users with STEEM.
Steemit has redefined social media by building a living, breathing, and growing social economy; a community where users are getting rewarded for sharing their voice.
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How does Steemit work?
Steemit is a social media platform that works by having the crowd reward the crowd for their content. It does this thanks to the Steem blockchain and cryptocurrency; Steem is 'minted' daily and distributed to content producers according to the votes they get.
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How does Steemit differ from other social media websites?
Most social media sites extract value from their userbase for the benefit of shareholders alone. Steemit is different, it's a new kind of attention economy. By connecting with the Steem blockchain (which is decentralized and controlled by the crowd), Steemit users receive all the benefits and rewards for their attention.
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Does it cost anything to post, comment, or vote?
No. It is free to post, comment, and vote on content on Steemit.com. You might even get paid for it!
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Can I earn digital tokens on Steemit? How?
You can earn digital tokens on Steemit by:
Posting - By sharing your posts, you can earn upvotes from community members. Depending on the upvotes you receive, you will get a portion of the ongoing Steem reward pool.
Voting and curating - If you discover a post and upvote it before it becomes popular, you can earn a curation reward. The reward amount will depend on the amount of STEEM Power you have.
Purchasing - Users can purchase STEEM or Steem Dollar tokens directly through the Steemit wallet using bitcoin, Ether, or BitShares tokens. They are also available from other markets and exchanges including BlockTrades, Poloniex, Bittrex, Shapeshift.io, and Changelly. STEEM tokens that are powered up to STEEM Power earn a small amount of interest for holding.
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Where do the tokens come from?
The Steem network continually creates digital tokens to reward content creators and curators. Some of the newly-created tokens are transferred to users who add value to Steemit by posting, commenting, and voting on other people's posts. The remainder is distributed to holders of STEEM Power and the witnesses that power the blockchain.
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Where does the value come from?
At its root, Steem is simply a points system. However, because this points system is blockchain-based, the points can be traded on markets as tokens. People buy and sell these tokens, and many hold in anticipation of increased purchasing power for various Steem-related services.
By analogy, Steem is a game system where users compete for attention and rewards by bringing content and adding value to the platform. The rewards people earn are tokens that have market value and are readily tradable. It is similar to how someone playing a video game could obtain a limited item or currency by playing the game. If the currency or items are transferable between users, then they can sell or buy them on game item markets.
Follow me at https://steemit.com/@ayankeng
Why are people getting vastly different rewards?
Steemit is not a "get rich quick" scheme. While it is possible to post content that goes viral quickly and earn a lot of rewards on a single post, this is not typical for most users.
Most of the authors that you see earning high rewards are users that have spent a lot of time in the network building followings, making connections with others, and developing a reputation for bringing high quality content.
It is best to have realistic expectations, without focusing on rewards when you are first starting out. Work on building a following, making connections, and developing a good reputation. Consistency will pay off in the long run.
Follow me at https://steemit.com/@ayankeng
How do I create an account?
Click on the "Sign Up" link at the top of Steemit.com to get started.
You will be asked to verify your email address and phone number. After your email address and phone number have been verified, you will be added to the waiting list. You will be notified via email once your account is approved.
After you receive notification that your account is approved, click on the link in the email to finish the account creation process. Be sure to save and backup your username and password. It is very important that you do not lose your password. There is no way to recover your password or access your account if it is lost. Once your password is saved and backed up, click on the "Create Account" button to create the account.
Follow me at https://steemit.com/@ayankeng
What information do I need to provide in order to create an account?
You will need to provide your email address and phone number.
Follow me at https://steemit.com/@ayankeng
How long does the account approval process take?
Most accounts are approved within 24 hours. Some may take up to three business days.
If your account has not been approved after three business days, please ask for help in the #helpchannel on steemit.chat.
Follow me at https://steemit.com/@ayankeng
