Steemit: Secret behind REWARD.
A very warm welcome to all of you. And this time I am here with very very very interesting question. That is, From where does the steem come from and how does it generated and does it will last long. I am here trying to explain it in very simple manner hope you enjoy it.
Show the first question is, where does the steam came?
Basically steam network is continuously creating steem token to give reward and curation to their social networking site. And the steem then converted to reward and the value of other users upvote. And the remaining will be distributed to witness and holders of steem power.
Ok well I understand it but I don't know where does the value came from?
Hey don't worry I am here to tell you. Actually steam is a point system that is based on blockchain. And this point that has been generated by the steam network is known as token or steem.
Let's to make it clear just understand it in a different manner. You may consider steemit is a game where to get reward, People compete with each other and earn Point by adding content to their blog, and It Also have a market value. It can we transferred. It is also be transferred among users and can be buy or sell. The value of steamer will continue to increase drastically as the time passes because the production of steem decreases as year passes and as it will increase its value.
If you're not visit my previous post. Then you must see it is also about steemit and it would be very helpful to you. I do share the link below:
https://steemit.com/steemit/@funatoz/most-important-point-steemer-must-know
https://steemit.com/steemit/@funatoz/steemit-why-some-get-more-reward-more-i-get-less
Hope you enjoy it and I am very thankful to all of you for your kind support and love to my blog and post. Your each upvote is really an application for me. Keep connected for more valuable and interesting updates.
thank you
Very informative, help me clearing many of my doubts 👍
Thanks my friend
@Originalworks
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This post has received a 0.24 % upvote from @drotto thanks to: @funatoz.
Very informative post sir I really like the way you tell about how Rewards generated
Thank for your response
Well I appreciate it
This post has received a 0.1 % upvote from @boomerang thanks to: @funatoz
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
Thanks
@jerrybanfield