① Steam Power
In Steamit, content producers quantify the weekly voting they receive and receive steam power and steam dollars at a certain rate. Steam power represents the media power in the world of steam it. Recommendations by users who have a lot of steam power are more influential than recommendations from new subscribers. It's easy to understand, for example, that a follower in an Instagram is much like a popular person with a big influence. Naturally, the more you recommend a player with a high steam power, the bigger the rewards going to the content creator.
Give money if you write? Let's take a look at the block chain SNS steam it.
② Steam Dollar
Steam dollars are a kind of safe asset. On Steamit Platforms, no matter how much the steam price is, 1 steam dollar is guaranteed to be $ 1.
③ Steam
Steam is the most representative currency of this platform. Content producers can exchange the steam power and steam dollars they receive after posting into steam, and convert the steam from the exchange to dollars. However, when you change the steam power or steam dollar to steam, it takes 3.5 days to adjust the currency transaction.
In order for the Steamit platform to function properly, there should be plenty of subscribers who make accurate recommendations as well as content producers. So Steamit distributes profits not only to producers but also to referrers to encourage referral. About 75% of content revenue comes from producers, 25% from referrers.
Where can Steamit money be paid to producers of content? People who are accustomed to other passwords, such as bit coins, will have this question.
Unlike bitcoins, where 100% miners have profits related to mining, Steamit is taken by miners who maintain only 10% of the mining steam. 15% of revenue is paid by users who maintain steam power, and the remaining 75% is paid to Steum It users.