" Digital currency Steem soars 1,000% in value in two weeks"
Steem, the digital currency behind the new social media website Steemit, soared more than 1,000% in value on Tuesday to more than $150m, two weeks after it first paid people who posted on its website, according to coinmarketcap.com.
Steemit rewards or pays users who post content that gets multiple thumbs up from the site’s participants. The reward given is the steem currency. Content on the site is not limited to digital currencies and users have posted varied topics from lasagne to a trip to North Africa.
View full article here: https://www.theguardian.com/technology/2016/jul/12/steem-digital-currency-steemit-value-soars
