Our contributor of the month is SteemWhales, a statistics website for a crypto currency called Steem. Trust us when we say we are not familiar with this at all. We had a lengthy talk with the founder and creator of SteemWhales and he believes that crypto currency will be a way of the future.
After our discussion with him and also doing some reading on our own. We’ve come to learn that this new and upcoming “currency” is essentially created from nothing. It depends on the platform they are created from, different currencies work different ways. One of them being Steemit. The Steem currency is distributed to members of a social network very much like an online forum, where the community creates discussions and content. The Steem currency is then distributed to users who participate in said discussion, and also awarded to users with high quality content.
This sounds like a good way of rewarding community members who are contributing more value. We’re still not sure of how much real value this cryto currency concept truly holds, but apparently by using online exchanges like Poloniex you are able to convert and exchange any kind of currency and then convert them to USD, or our real world currency.
There’s still a lot more going on for Steem and SteemWhales, which we of course will not be going through in this post since there’s far too much to cover, and we are personally not experts at this subject matter. If you are interested to find out more about this, you can visit the SteemWhales website here – www.steemwhales.com
In the meantime, thank you for reading monthly contributor post. We’d like to thank SteemWhales for their generous contribution, and also like to urge any one and every one reading this post to spread the knowledge and educate the people around you! It would help if you could share our website with them, or even just some simple tips for them to start changing and making the environment around them a better place to live in.