Ned, "steem" CEO of Steemit

His video explains what a lot of people are confused about: is the July 4, 2016 real? Steemit is releasing 10% of its market cap to its content creators and voters on Steemit. The market cap is between $17 million and $25, so 10% of that is around $2 million dollars that will be paid to the community of Steemit. The individual amount is based on the individual's contribution, in the way of creating posts or voting and commenting on the social media site.