Blockchain Social Platform Steemit Rewards Users with $1.3 Million
What better way to attract more visitors to a site than by giving money away, which is exactly what blockchain-based Steemit did over the Independence Day weekend to its users. On July 4, Steemit users were rewarded with around $1.3 million worth of the digital currency, Steem Dollars, or 10% of Steemit’s current market cap, to users who have been uploading content and voting on Steemit. Since its launch two months ago the fast growing social media site has grown at a phenomenal rate with its popularity increasing day by day. By plugging into a blockchain called Steem, the decentralized....
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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....
Blockchain-powered social media platform Steemit, a new novel experiment in social media that sees users rewarded in the token cryptocurrency Steem has been the target of a cyber attack. Steemit, a new social media website that has grown tremendously since its launch two months ago has seen its token cryptocurrency Steem’s value explode over the past week. The digital currency now sits third in the cryptocurrency market value charts with over $360 million at the time of publishing, only after Bitcoin and Ethereum. Speaking to CCN earlier, Steemit CEO Ned Scott described the platform as....
The social media website Steemit that’s similar to Reddit has just announced it has distributed $1.3 million USD in the platform’s native cryptocurrency Steem. The website’s user base will have a lot more digital currency to earn just by posting original content on the decentralized platform. Steemit Users Rewarded. On July 5, the Steemit (steemit.com)....
Gamerholic, a cryptocurrency-fueled competition platform for casual gamers, has taken a page from Steemit and created a monetized social media platform tailored towards the gaming community. Gamerholic Presents Monetized Social Media for Gamers. Utilizing a Reddit and Steemit-inspired voting system, posts on the platform earn “Respeck.” The more Respeck a post earns, the more money it receives. Additionally, users who give their Respeck to posts earn a portion of the rewards. Funds for these content rewards come from a percentage of the platform’s service fees, which differs from the....
Blockchain-based social network, Steemit, recently hit 100K users within its first 5 months of operation. It has also acquired 500K monthly unique visitors from all over the world with its unique blogging platform that rewards contributors. Steemit growth similar to Reddit. Ever since Steemit launched in summer, 2016, it has gained a lot of popularity by its bloggers and curators while in beta with its goal to “redefine social media.” This is mostly due to Steemit’s popular system of rewarding people for voting and posting content on the platform with its own coin, Steem. Some are even....