Steemit: a criptomoneda, two smart contracts

Launched in March 2016, Steemit is a social platform powered by a chain of blocks called Steem, in which users get rewards through the Steem Power and Steem Dollars contracts: the first is the voting trunk that each account has, and the more Steem Power has a user, the stronger Steemit votes. There is no way to buy or sell Steem Power, but it is possible to turn them into Steem in a process that takes about 104 weeks. This contract is basically a long-term capital commitment.

The second token, Steem Dollars, proposes to distribute Steem $ 1 to users, who through a seven-day conversion process aims to minimize the ability to create arbitration attacks ... in short, if the Steem Dollars were convertible to Steem immediately, a user could take advantage of a price difference, turn their Steem Dollars into Steem and thus earn more than $ 1 for the smart contract that was intended. This is the part that most interests many, since it is about short-term gains.

Ned Scott, a former financial analyst, and Daniel Larimer, founder of BitShares, are the creators of Steemit. Ned, a graduate in psychology and economics at Bates, is also a consultant to startups and has been immersed in the world of crypton coins since 2013, when he discovered Bitcoin in a finance article; Larimer, for his part, is an entrepreneur and software engineer who discovered Bitcoin when in 2009 he was trying to design a digital coin ... he then became involved in this world and concluded that decentralized exchanges would be necessary; he is also the creator of BitUSD and current CEO of Cryptonomex, a consulting firm of Blockchain.

At the time, my teammates Jaime Sandoval, Eduardo Gomez and Daniela Caro, prepared very complete articles in which Steemit is the protagonist. The first one is focused on the DECENT, Yours and Steem platforms, while the second offers a detailed look at the main features of the ecosystem; Finally, Daniela's article tells of the experience she had in interviewing Lorenzo Cloquell Fornari - one of the most frequent writers on the platform - as usual, through a placid coffee.

How can I make money at Steemit?

When registered users in Steemit sympathize with a post, it becomes more visible on the site. As I had previously stressed, the symbol representing a person's influence in the community is Steem Power, which starts with the original Steken token. In Steemit it is possible to appreciate the amount of material and the money invoiced by each person, since the relationship between the artist and the consumer is much more direct than in other social networks. Day by day the number of users that publishes is greater and you can see that the more veterans have already managed to exceed 2000 dollars in less than 24 hours.

Now, to begin with, the user must take into account several aspects: he only has the right to be rewarded with priority while having a larger amount of Steem Power -Steemit gives a small portion when registering - so it is important to stay active in the social network ... to exemplify the panorama: of all the new Steem that is created, 90% goes for users who have Steem Power; it must be taken into account that making a name is not something that is taken a day or two, especially if it is a community that does not stop growing with editors that periodically contribute interesting content.

So, if a person writes a post that gets a lot of value, 75% is paid to the author of the entry and 25% to the curators, who are users who vote positively for the article. Fifty percent of the amount allocated to the editor is evenly divided into Steem Dollars and Steem Power, and I reiterate - this is very important - the more you have of the latter, the greater the influence within the community and the weight of the votes in other post. If, for example, a person just uploaded a high-quality publication and a user with much Steem Power votes and comments, Steemit will reward you with more money.

Other Vital Tips

Once you have understood the basics about the payment system, it is no use to follow these tips to achieve a fruitful evolution within the community.

Create an attractive post to introduce yourself

Remember that a good impression can add many integers. Write a post introducing yourself to the community and, if possible, accompany it with a detailed opinion on a topic of the moment. You can be very well rewarded.

Expect to write worked articles

An article of little text does not have much remuneration in Steemit. Remember to capture your knowledge in a clear way and investigate enough to complement them with information from the best sources. Also add a style to your work, a personal brand that catches readers and motivates them to be aware of your articles.

Use images in texts

Keep in mind that the photographs give a great attraction to the articles, but you must be careful with the copyright. It is best to use free image banks or simply photos that do not have any type of signature.

Comment on important articles

This is momentous to win at Steem Dollars, which is paramount since they are short term profits. If you are looking for texts that have earned thousands of dollars and made good comments on them, it is very possible that the authors will be interested in your contribution and give you upvote, which will make you win on Steem Dollars.

Add a good number of tags and make them suitable

Usually this is a factor that many people often underestimate, and then complaints arise because they are not making good profits at Steemit. You have to understand that tags are the tags that allow the community to locate your content, so you should make good use of them. It is advisable to use one of the tags provided by the same panel to set the main category, and then add the 5 sub tags recommended by the platform so that the community can find the material faster.

 

I hope you like it

follow me on: @desocrates

resteem, please