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How to create a Steemit account Last step (step 2): https://youtu.be/Y1C7edCWz6I
50,000 rewards are paid out every day on Steem for posts, comments and votes!
What is Steem?
Steem is a digital currency similar to Bitcoin, where users transact in real time via a blockchain of publicly maintained data. Unlike Bitcoin, all transactions on the Steem blockchain are confirmed within seconds, without network fees or complicated hash addresses. Instead, users send directly to names like @zakariashikder in the address, making it easy to send money to a friend in real time. Steemit Inc created and hosts Steem https://steemit.com to provide us with a social media network and blogging platform to collaborate in creating the most useful posts and comments based on the number of upvotes that are then paid for with the new Steem that was created. Steem is also traded on exchanges such as Poloniex and Bittrex, along with hundreds of other cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
Where does the money come from?
Steem witnesses are creating new Steem on the blockchain at a rate of about 8% per year. Currently, authors who publish posts earn about 68% of that, while upvoters earn 15%, commenters 5%, Steem Power holders about 7% as interest, and witnesses 5%. Check out today's updated stats at https://steemdb.com/.
Who uses Steem?
As of October 2017, 424,520 users worldwide in almost every country have accounts on https://steemit.com, while thousands more use Steem on exchanges like Bittrex and Poloniex! When I joined in May 2017, there were only about 160,000 users, which means Steem is going viral! View the number of users today at https://steemdata.com/stats under the heading accounts.
What do we do with Steem?
When Steem is enabled in Steem Power, it works like a savings account for us to earn interest of 2% or more per year. When we post on Steemit we have an ideal blogging platform to make money because upvoters contribute directly instead of needing a third party to advertise. Even without revenue, readers are more likely to discover posts created with Steem as its rankings rise rapidly, as seen at http://www.alexa.com/siteinfo/steemit.com. By sharing with friends, Steem gives us the opportunity to help our friends earn money by voting on their posts, which then pays off! While most of us on Steem today are cryptocurrency enthusiasts, within a few years Steem will have signed up almost everyone with internet access!
When will the price of Steem increase?
According to the three-month viral growth cycle we're seeing now, we should reach a million users around late 2017 or early 2018. The additional buying demand from these new users to power Steem will steadily drive the price up for months to first above 10 and within another year or two above 100. Steem will eventually have the number one market position, even above Bitcoin, by more than 1000 per Steem because it is the only cryptocurrency that is easy to get started with and practical for mass adoption. No competitor will be able to copy the format or features because at the rate it is growing, Steem should provide 10 times more value than Steem, just as Steem does compared to existing social media websites and blogging platforms.
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