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Team & Founders
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Community vote
Based on votes
The community score represents our users' personal view on this project.
Summary
Type
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State
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Country
United States
Founded
2016
Dlt Type
Blockchain
Exchanges
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Regulator
SEC
Blockchain
Own network
Product Stage
Beta
Blockchain Necessity
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OTC Index Position
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CoinMarketCap Position
42
Last ReportLast Report
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Token Appreciation
Type
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Dividends
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Inflation
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Usability
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Financial Summary
Price
$0.38
Fair value
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Market cap
$115,232,369
24H Change
-11.65%
Last 1 month
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Team Share
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Volatility
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All Time High
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Btc Dependency
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Biggest Holder
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Technical Evaluation
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ROI in USD
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ROI in ETH
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Token sale
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Total Raised
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Price On Ico Eth
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Price On Ico Usd
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Future challenges in front of steemit – Part One. A brief introduction to the future challenges and issues that steemit.com has to deal with.
About project
⦁ Steemit is a social network that pays its community Steemit is a blogging platform with it's own cryptocurrency. The general concept is similar to other blogging websites or social news websites like Reddit, but the text content is saved in a blockchain. Using a blockchain enables rewarding comments and posts with secure tokens of value. Images can be uploaded and hosted on Steemit. Other multimedia content must be embedded from other web hosts. For formatting, there is a WYSIWYG editor. Users can also opt to use Markdown formatting with HTML elements. User accounts can upvote posts and comments, and the authors who get upvoted can receive a monetary reward in a cryptocurrency token named STEEM and US dollar-pegged tokens called Steem Dollars. People are also rewarded for curating (discovering) popular content. Curating involves voting comments and post submissions. Vote strength and curation rewards are influenced by the amount of STEEM Power held by the voter. Steemit has a reputation system, where new accounts start with a reputation of 25. An account's received votes can influence its reputation up and down, incentivizing online etiquette and interaction with the community.
An SMT is a native digital asset on the Steem blockchain. SMTs can be launched by anyone to help monetize online content and create incentives to encourage desired user behavior. The Steem blockchain has two tokens: STEEM and Steem Dollars. There is also a vested or stored interest known as Steem Power. Steem Power is strictly for internal use in the Steem community, while the tokens are used for stored value and trading.
Steem began with a highly inflationary supply model, doubling roughly every year. However, due to community demand, on December 6, 2016 the inflation rate of Steem was changed to 9.5% per year, reducing by 0.5% per year. As of Nov 2017, there are more than 450,000 Steem accounts.
Steemit, Inc 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.
Core team
JS
Daniel Larimer
Co-founder
 
JS
Ned Scott
Co-founder & CEO
 
JS
Chris Padovano
Member Board Of Directors
 
JS
Valentine Zavgorodnev
Software/UX Engineer
 
JS
Mike Cifani
Developer
 
JS
David Jefferys
Business Development
 
Advisors & CM
JS
Shidan Gouran
Advisor
2018 - present
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