HIVEEX

What is RND Coin and Steemit?

Random Price Today (RND) or Rndcoin is a cryptocurrency that is based on the Steem blockchain. It is used to reward users for creating and curating content on the Steemit platform, which is a social media network that runs on Steem. Steemit is similar to other social media platforms, except that it is decentralized and non-custodial, meaning that users have full control over their data and funds. Users can earn Rndcoin by posting, commenting, upvoting, and sharing content on Steemit. Rndcoin can also be traded on various exchanges for other cryptocurrencies or fiat currencies.

Steemit is one of the first applications that was built on the Steem blockchain, which is a public and incentivized database that allows users to interact with each other and earn rewards in return. The Steem blockchain is designed to provide an instant earning opportunity for the network’s users, based on their value to the community. The protocol leverages technologies from both social media and cryptocurrency to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.

Some of the advantages of the Steem blockchain are:

• Free transactions (resource credits = freemium model)
• Fast block confirmations (3 seconds)
• Time delay security (vested Steem & savings)
• Hierarchical role based permissions (keys)
• Integrated token allocation
• Smart Media Tokens (soon)

RND Coin live price

[cryptocurrency-price-widget base=”USD,EUR,JPY” items=”RND” backgroundColor=”fff” streaming=”1″ rounded=”1″ boxShadow=”1″ border=”1″]

Steemit platform

Steemit is a blockchain-based blogging and social media website that rewards users for creating and curating content. Users can post, comment, upvote, and share content on various topics, such as cryptocurrency, art, music, photography, travel, etc. Users can also follow other users, join communities, and participate in contests and challenges.

Steemit is powered by the Steem blockchain, which is a public and incentivized database that allows users to interact with each other and earn rewards in return. The Steem blockchain uses the cryptocurrency STEEM as its native token, which can be used to power up the network, trade on exchanges, or convert to other tokens. The Steem blockchain also supports Smart Media Tokens (SMTs), which are custom tokens that can be created by anyone to monetize their online content and communities.

Steemit was launched in 2016 by Ned Scott and Daniel Larimer, who are also the founders of BitShares, a decentralized exchange platform. Steemit was one of the first applications built on the Steem blockchain, and it has grown to become one of the most popular and active platforms in the crypto space. Steemit aims to provide a decentralized and non-custodial alternative to traditional social media platforms, where users have full control over their data and funds.

Popular topics on Steemit

Some of the popular topics on Steemit are:

• Cryptocurrency: Many users post about various aspects of cryptocurrency, such as news, analysis, opinions, tutorials, reviews, etc. Users can also learn about the Steem blockchain and its features, such as Smart Media Tokens, Resource Credits, etc. Users can also participate in various contests and challenges related to cryptocurrency.
• Art: Many users post their original artworks, such as paintings, drawings, digital art, photography, etc. Users can also showcase their skills, share their inspirations, and receive feedback from other artists. Users can also join various communities and groups related to art.
• Music: Many users post their original music, such as songs, compositions, covers, remixes, etc. Users can also share their musical tastes, preferences, and recommendations. Users can also join various communities and groups related to music.
• Travel: Many users post about their travel experiences, such as destinations, attractions, cultures, cuisines, etc. Users can also share their tips, advice, and stories. Users can also join various communities and groups related to travel.
• Gaming: Many users post about their gaming interests, such as games, platforms, genres, reviews, etc. Users can also share their gameplay videos, screenshots, and streams. Users can also join various communities and groups related to gaming.

These are just some of the popular topics on Steemit. There are many more topics that users can explore and post about on the platform. Users can also create their own topics and categories according to their interests and passions. The main idea is to create valuable and engaging content that attracts other users and earns rewards in return.

Distribution of rewards

The rewards distribution on Steemit is based on the following principles:

• Rewards are shown in one currency only: The rewards on posts and comments are displayed with a $ sign, which means US dollars (USD). However, this is not the actual value of the rewards, but rather an estimate based on the current market prices of Steem and Steem Dollars (SBD). The actual value of the rewards may vary depending on the fluctuations of these prices.
• Rewards are paid in two currencies: The rewards on posts and comments are paid (sent to the wallet) in two currencies: Steem Dollars (SBD) and Steem Power (SP). SBD is a stable currency that is pegged to the USD, while SP is a vested currency that represents the influence and voting power on the platform. The default option is to receive 50% of the rewards in SBD and 50% in SP, but users can also choose to receive 100% in SP.
• Rewards can be converted to all three currencies: The rewards on posts and comments can be converted to all three currencies: SBD, SP, and Steem. Steem is the native token of the Steem blockchain, which can be traded on various exchanges for other cryptocurrencies or fiat currencies. Users can convert SBD to Steem directly from the internal market, or use a third-party service. Users can also convert SP to SBD or Steem by powering down, which is a process that takes 13 weeks and reduces the influence and voting power of the user.

The rewards distribution on Steemit is also influenced by the following factors:

• Voting weight: The voting weight of a user depends on their SP balance and their voting activity. The more SP a user has, the more weight their vote carries. However, the voting weight also decreases with each vote, and it takes 24 hours to recharge fully. Therefore, users have to balance their voting frequency and intensity to maximize their rewards.
• Voting time: The voting time of a user refers to when they cast their vote on a post or comment. The earlier a user votes, the more rewards they will receive, as they will share a larger portion of the reward pool. However, voting too early may also result in lower rewards, as the post or comment may not receive enough attention or votes from other users. Therefore, users have to balance their voting timing and strategy to maximize their rewards.
• Curation rewards: The curation rewards are the rewards that users receive for finding and upvoting quality content that gets upvoted by other users afterwards. The curation rewards are calculated based on a formula that takes into account the voting weight, voting time, and total payout of the post or comment. The curation rewards are paid in SP only.
  

How to increase rewards

There are several ways to increase your rewards on Steemit, such as:

• Creating quality content: The most important factor for earning rewards on Steemit is to create original, valuable, and engaging content that attracts the attention and appreciation of other users. Quality content can receive more upvotes, comments, and shares, which will increase the payout of the post or comment. Quality content can also help to build a loyal and active following, which will increase the exposure and reputation of the user.
• Curating quality content: Another way to earn rewards on Steemit is to curate quality content by finding and upvoting posts and comments that are likely to receive more upvotes from other users afterwards. Curating quality content can earn curation rewards, which are paid in SP only. Curation rewards are calculated based on a formula that takes into account the voting weight, voting time, and total payout of the post or comment. To maximize curation rewards, users should vote early, but not too early, and use their voting power wisely.
• Participating in communities and contests: A third way to earn rewards on Steemit is to participate in various communities and contests that are related to the user’s interests and passions. Communities are groups of users who share a common topic or theme, such as art, music, travel, gaming, etc. Communities can help users to discover and connect with other like-minded users, and to receive more feedback and support for their content. Contests are challenges or competitions that are organized by other users or platforms, such as DTube, Utopian, etc. Contests can help users to showcase their skills, creativity, and knowledge, and to win prizes in cryptocurrencies.
• Investing in Steem Power: A fourth way to earn rewards on Steemit is to invest in Steem Power (SP), which is a vested currency that represents the influence and voting power on the platform. The more SP a user has, the more weight their vote carries, and the more rewards they can earn from both creating and curating content. Users can invest in SP by powering up their STEEM or SBD, or by buying STEEM from the internal market or exchanges.
• Promoting content: A fifth way to earn rewards on Steemit is to promote content by using the promote feature or by using third-party services. The promote feature allows users to pay SBD to boost the visibility of their posts on the promoted tab, which can attract more views and votes. However, this feature is not very popular or effective, as most users do not browse the promoted tab. Third-party services are platforms or bots that offer various services to promote content, such as resteeming, upvoting, commenting, etc. However, these services may have different costs, terms, and quality, and some of them may be considered as spam or abuse by other users or platforms.
  

RNDCoin compared to SBD on Steemit

RNDCoin is a cryptocurrency that is based on the Steem blockchain. It is used to reward users for creating and curating content on the Steemit platform, which is a social media network that runs on Steem. RNDCoin is similar to Steem Dollars (SBD), which is another currency that is used to reward users on Steemit. However, RNDCoin has some differences from SBD, such as:

• RNDCoin is pegged to the RND token, which is a utility token that powers the RND Platform, a decentralized platform for content creation and distribution. SBD is pegged to the US dollar (USD), which is a fiat currency.
• RNDCoin has a fixed supply of 100 million coins, while SBD has a variable supply that depends on the market demand and the inflation rate of Steem.
• RNDCoin can be converted to RND tokens or other cryptocurrencies on various exchanges, while SBD can be converted to Steem or other cryptocurrencies on the internal market or exchanges.

RNDCoin is one of the many tokens that are built on the Steem blockchain, using the Smart Media Tokens (SMTs) protocol. SMTs are custom tokens that can be created by anyone to monetize their online content and communities. SMTs allow users to leverage the features and benefits of the Steem blockchain, such as free transactions, fast confirmations, time delay security, hierarchical permissions, integrated token allocation, etc.