Steemit is a blogging and social networking website that uses its steem blockchain-based reward platform for publishers. the steem blockchain produces steem and steem dollars which are tradable tokens obtained for posting, discovering, and commenting on content.
steemit is a privately held company based in New york city and headquartered in virginia. the company was founded by Ned scott and Dan larimer, creator of bitShares. it has launched on march 2016 and it has yet more than 1 million users.
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