Steemit, the decentralized social network rewarding people for their posts and votes online, has reached the 100,000 user milestone in just its fifth month of operation. The popular platform, leveraging custom-made Blockchain technology, has begun to redefine social media by building a living, breathing, growing social economy; a “small town” community where users are getting rewarded for their time, effort and creativity through digital points called Steem.
Steemit has also leapt to half a million unique monthly visitors in September, and is now experiencing similar signs of growth to Facebook and Reddit in their early days: In October 2006, 16 months after Reddit was founded and acquired by Conde Nast, the company reported 2.1 million unique monthly visitors. Steemit reported 550,000 unique monthly visitors in less than a third of the time. In December 2004, Facebook recorded 1 million users in its first year. Steemit, after five months, has 100,000.
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