Steemit CEO

Ned Scott, CEO of Steemit, arguably the most successful blockchain-based platform in terms of user adopton to date, appears to be cashing out a significant portion of his earnings from the platform.

The operation, which can be viewed on his Steem public wallet, appears to indicate that the head of the content platform is ‘powering down’ 50% of his long-term holdings of Steem cryptocurrency – meaning that over the next thirteen weeks, roughly two hundred thousand dollars equivalent of Steem cryptocurrency can be expected to exit from the CEO’s wallet each and every week over the same period.