Steemit, a platform wherever users square measure paid to post and vote, has seen spectacular growth since launching. the community has increased by 1600%, indicating a high demand for platforms like these.
STEEMIT is that the NEW PLACE TO BE
Although there's associate degree argument to be created on whether or not or not we want additional social networks. Steemit is doing things otherwise. The platform rewards its users for collaborating, that has result in the community size doubling week over week. Moreover, the dedicated cryptocurrency used on this platform, known as Steem, increased its market cap by US$10m.
Steemit business executive Ned Scott told the media:
“We have worked therefore laborious to excellent Steemit and provides anyone a chance to create cash by making and curating smart content. supported reactions from consultants and testing from our customers, we have a tendency to knew that the reception would be sturdy, however Steemit is such a lot additional on than wherever we have a tendency to thought it'd be. The Steemit blockchain is currently seeing twelve transfers, posts or votes each minute on the average. These square measure fantastic numbers and that we square measure excited that our growing community is participating in fun and doubtless profitable social medium.”
Albeit Steemit is entirely redistributed it doesn't use the Bitcoin blockchain. Instead, the developers created a brand new blockchain and known as it Steem. each time a user submits content or votes on articles, they're rewarded. 1/2 the payment happens in “voting power”, and also the partner in Steem bucks. each Steem greenback is value roughly US$1.
To make this platform even additional engaging, there appears to be lots of rewarding occurring. many posts have a mean payout of a combined US$8,500 for voters and posters. Most of the topics coated on this platform vary from politics to cryptocurrency, and technology to social activities.
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How will Steemit take issue from different social media websites?
Most social media sites extract price from their userbase for the good thing about shareholders alone. Steemit is completely different, it is a new quite attention economy. By connecting with the Steem blockchain (which is localised and controlled by the crowd), Steemit users receive all the advantages and rewards for his or her attention.
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