The new York startup Steemit, decentralized platform of social communication, where users are paid for their activity, experiencing an explosion of popularity and for the first month of its work, increased the number of users for 1600%! Currently, the community Steemit doubles every week and cryptocurrency Steem had a market capitalization of $57 million
Steemit was founded in the beginning of 2016 ned Scott (Ned Scott) and Daniel Larimer (Daniel Larimer). Ned Scott previously worked at the Gellert Global Group, which owns numerous food companies in North America, and Daniel Larimer is the founder of the famous company Bitshares, tokens which have the eleventh largest market capitalization.
Recently Ned Scott reported that he is shocked by how quickly the platform Steemit gaining popularity:
We worked really hard to improve Steemit and give anyone the opportunity to earn by creating and overseeing good content. Based on data from experts and tests of our users, we anticipated higher activity, but in the end, the results exceeded all our expectations. About a month market capitalization Steem increased two and a half times, page views have increased six-fold, and throughput Steemit blockchain increased to twelve transactions per minute. It's stunning results and we are pleased that our growing community is actively involved in interesting and potentially profitable social network.
Steemit operates on its own blockchain Steem, and users are rewarded both for your posts and for participating in voting for posts, images and comments that become popular. Payment for the activity is done directly by the token-SBD tied to the dollar, and the so-called "tokens of influence" STEEM POWER
We are proud to announce that Steemit - platform, open source and our technology allows us to create a bridge with other social platforms such as Reddit, Twitter and WordPress, and gives you the opportunity to integrate Steem blockchain as a means of social communication, where users are rewarded for their work
— added Scott.
Due to the rising popularity and almost ten-fold increase in messages and votes Steemit integrated cryptocurrency exchanger BlockTrades into its platform to allow users to exchange the tokens Steem for bitcoin directly from their accounts.