Since its launch, Steemit, decentralized site of social media that rewards the creators of content cryptocurrency increased by 1600 percent ..

In a press release sent out CoinReport, the company said that its own marker, Steem, has grown in size with a market capitalization of $ 7 million to $ 17 million US dollars.
Director General Steemit, Ned Scott said in the release that he knew the reception will be strong, based on expert feedback and testing of consumers, but this popularity has exceeded all his expectations.

"About a month later, the market capitalization of Steem increased two and a half times, page views have jumped nearly six-fold, and blockchain Steemit now features twelve translations, messages or voice every minute on average," said Scott. "It's phenomenal numbers, and we are pleased that our growing community enjoys communicating in a potentially profitable social environment."

Using the power of technology blockchain, New York startup, Steemit uses tokens Steem, to reward users who publish a variety of content, such as images, articles and comments. The sooner a user will post content that is becoming popular, the more the user is rewarded.

Ned Scott
Steemit pays half the users with "Steem Power," charges the currency, and half from $ Steem, which can be exchanged to USD.

According to the press release, there are currently more than 100 messages in the amount of $ 2,000, while the top 20 messages have an average payment of $ 8,500 for content creators and voters.

Steemit planning its first major release of the award on July 4, where they will distribute 10 percent of the total shipments of its marker.
Since its launch in May, the most popular topics Steemit include politics, technology, cryptocurrency, news, arts, etc.
By popular demand, Steemit integrated with Exchange cryptocurrency BlockTrades, to allow users to buy Steem using Bitcoin directly from their online - account.
"We are seeing incredible demand from innovators and other social platforms such as Reddit, Twitter and the WordPress," he said. "With our technology freely available, users will receive the empowerment, which can be placed on blockchain Steem continue to revolutionize how social media, which can pay for the work of users and creators."