Steemit is a social networking and blogging site on the blockchainSteem database. Blockchain Steem generates STEEM and Steem Dollars that can be used by token users to get posts, find and comment on compelling content
Steemit, Inc. is a private company headquartered in New York and headquartered in Virginia. The company was founded by Ned Scott and Dan Larimer, creator of BitShares
on July 4, 2016, steemit, Inc. officially launched steemit, a social media with gift virtual money that runs on blockchain steem. on 15 March 2017 and resigned as head of technology and marketing team announced with Mitchel loureiro (@zuvarnic) and @andrachy. Frank rimalovski, Andrew Haines and William mougayar (@wmougayar) is a member of the board of advisors while @cass, Jeffrey Paul (@sneak), James calfee (@jamesc) and Valentine zavgorodnev (@ Val-a) is several staff members.
blockchain steem has two token: steem and steem dollars. there is also enthusiasts who invest or storing the token them in the form of known as steem power. steem power with tight used internally in the community steem, while the token is used to the value of stored and traded. steem originally used to model the supply of experiencing inflation rate very high, double approximately every year. [3] However, due to request the public, on December 6, 2016 levels of inflation steem turned into a 9,5% per year, down 0,5% per year.
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