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RE: State of Steem #56 📈 | Steem [$2.379] / SBD [$2.388] | Alexa Ranking [934] | Activity [No.1] | Total Accounts [819,060] | Active Users [58,020] | Market Cap #27 [$620,215,207]

in #steem7 years ago

Great informative post, thank you! I have a question regarding the Steem Business Model however. Steemit Seems to have a circulatory business model and what I mean by that is that I don't quite understand how Steemit is given value - I know that Steem and SBD are cryptocurrencies that are valuated highly by investors but how does Steemit Make money itself? For examples, other social media companies earn money through advertising. Just trying to clarify this detail, since you seem to be an expert on Steemit! Thank you, I will be following you for more great posts!

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