Steemit, the new social media platform that rewards its user base with cryptocurrency, has been growing exponentially since its inception. The company has revealed that over the course of its first month membership has grown by 1,600%, all the while using its blockchain-powered platform to pay users for posting content.
Steemit ‘Creating and Curating Good Content’
steemit-shareSteemit has seen an enormous amount of registrant’s over the past four weeks. The social media platform enables its user base to get paid in “Steem Power” for posting content and the using the voting mechanisms within the interface.
The company says membership has doubled in size every single week since its launch and this has increased its market capitalization from $7 million to $17 million USD.
CEO Ned Scott says he can’t believe the speed of growth the website has seen and says this social media engine will change people’s online experiences. He explains in the announcement:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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