Massive Blogging Growth Due to Rewards Distribution

Steemit’s successful launch of rewards for blog posts and votes has lead to massive user growth.  More than $1.3Million of Steem was distributed on July 4th after months of beta activity, with hundreds of people earning hundreds and thousands of dollars, which appears to have gotten some bystanders “over the hump” as we have quickly seen the number of user sign ups, posts, replies and votes triple per day.  Rewards are now being distributed daily, and at current market cap about $17,000 is distributed to bloggers and voters each day. The stats pictured below can be found on Steemle, another blockchain-based app: https://steemle.com/charts.php 

 Another set of metrics can be found on, Alexa, one of the main traffic ranking websites. Here is how Steemit stacks up against Medium andReddit. Doing quite well!  

 Because of our success in the last few days, we've been quite lucky to be included in several prestigious publications, including:

EconoTimes
Social media platform Steemit distributes $1.3 million to reward users
http://www.econotimes.com/Social-media-platform-Steemit-distributes-$13-million-to-reward-users-232382

LSE Business Review
Working as a layer on top of the internet, blockchain is an instrument of change
http://blogs.lse.ac.uk/businessreview/2016/07/07/working-as-a-layer-on-top-of-the-internet-blockchain-is-an-instrument-of-change/ 

 

We're looking forward to many great things to come, including some budding partnerships with publishers from around the world, as well as RSS and Wordpress integrations.  Please sign up, if you have not already, and receive $3 of Steem. 

Look forward to seeing you on Steemit.

Best Regards,

Ned Scott

CEO Steemit
[email protected]