1600% Steem Increase, by CoinDesk and The Merkel
Great news of STEEM's popularity and user base increase...
US, June 9, 2016 at 16:39 BST
NEW YORK, NY – June 8, 2016 - Steemit, the decentralized social media platform where users get paid to post and vote, has exploded in popularity in its first month with a 1600% increase in community size since launch. Thus far, the online Steemit community has doubled in membership every week, and the cryptocurrency its users are rewarded in, Steem, has increased its market cap of $7 million to $17 million USD.
CEO Ned Scott said he is blown away by how quickly the Steemit platform is changing the online experience. “We have worked so hard to perfect Steemit and give anyone an opportunity to make money by creating and curating good content. Based on reactions from experts and testing from our consumers, we knew that the reception would be strong, but Steemit is so much further along than where we thought it would be. In about a month, the market cap of Steem has increased two and a half times, page sessions have jumped by nearly six times, and the Steemit blockchain is now seeing twelve transfers, posts or votes every minute on average. These are phenomenal numbers and we are excited that our growing community is engaging in a fun and potentially lucrative social medium.”
Steemit is powered by an open source blockchain called Steem, and its users are rewarded when they submit their blog posts or vote on articles, images and commentary that become popular. Users are paid half in “Steem Power,” a token that supercharges voting power, and half with Steem Dollars, a token worth about one USD. Currently, there are over 100 posts valued at $2000 worth of Steem, and the top 20 posts have an average payout of a combined $8,500 for posters and voters.
Follow links to read more....
http://www.coindesk.com/press-releases/steemit-social-media-growth/
and
http://themerkle.com/decentralized-social-network-steemit-notes-1600-community-growth/
Coming from Reddit I hope good content is rewarded with something besides imaginary karma points.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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