Social network Steemit distributes $1.3 million in first cryptocurrency payout to users

in steem •  8 years ago 

 Steemit, a blockchain-powered decentralized social network, distributed Monday $1.3 million in cryptocurrency to users of the site, who are paid for posting and voting on content.

The payout is the first for Steemit, which rewards content creators, curators and consumers with its native digital currency. Half of the supply was handed out in Steem Dollars, with one token worth about one USD, and the other half in Steem Power, a vesting currency that fuels voting power on the network. Steemit paid out 10 percent of the Steem cryptocurrency market cap.
View full article here: https://coinreport.net/social-network-steemit-distributes-1-3-million-first-cryptocurrency-payout-users/


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Yep...that is why I think it has staying power.

I upvoted you.