Steemit is a social news service[2] which runs a blogging and social networking website on top of a blockchain database, known as Steem.
Steemit
Type of site
Social news community
Available in Mainly English. Content is available in several languages.
Website www.steemit.com
Registration Free. Mandatory for editing.
Users >170,000 (as of May, 2017)
Launched March, 2016
Current status Active
The project was founded in 2016 by Ned Scott and Dan Larimer, creator of BitShares.The two are founders of the Steemit Inc. company, which runs the Steemit website and funds ongoing development of the platform. On March 15, 2017, Larimer announced his resignation from the company.
Post and comment rewards are split 75% to the author and 25% to the curators. A 50/50 split of STEEM Power and liquid tokens are awarded to authors and commenters 7 days after a post or comment is made. 100% STEEM Power rewards are optional for posts. Post authors can also choose to decline payouts. 