Steem users paid US $ 1.3 million

A decentralized social network on the blockchain, made the first payment in favor of content creators and curators. The amount paid is equivalent to 10% of the market capitalization of Steem.

The long-awaited day has come. The first users Steemit, the rapidly growing social media platform, based on the technology of the block chain, received the first award for my contribution to the community. Payment in the amount of $ 1.3 million was dedicated to the Independence Day in the U.S. celebrated the 4th of July.

"It was an opportunity for us to thank our growing community and reward them for building a sustainable ecosystem, which is something much more than just a sum of its parts" — are the words of the Executive Director Steemit Ned Scott in a press release.

The payment was made in equal parts in Steem dollars, own cryptocurrency platform, the cost of which is approximately equal to one U.S. dollar, and Steem Power, increasing the weight of votes user votes on the platform.

According to the manual Steemit, the number of registered users of the network doubled in June after an unprecedented growth of 1600% a month earlier. Platorm developers plan to soon start a number of new features, such as a button for inserting the code from the website to third-party resources that allows you to distribute content on the Internet. During the year, on Steemit should also be running a sidechained plug-ins that will allow you to create a decentralized app store "similar to those that have Facebook or Google, but is based on decentralized, provably fair technology and new business models."

Steem is a social network on the blockchain, rewarding for posts, as indicated in the Manifesto, published in March 2016. She pays special attention to freedom of speech, the elimination of advertising in social networks and rewards users who create quality content, or act as curators. Beta Steemit.com was launched in may 2016, and the official launch of the platform should take place in July. He will be accompanied by active promotion of services platform, bonuses for registering and launching the referral program.