Steemit was founded in 2016 by;
Ned Scott and
Dan Larimer, creator of BitShares...
This duo are founders of the Steemit Inc.... The company that runs the Steemit website and funds ongoing development of the platform.
On March 15, 2017, Larimer announced his resignation from the company... Which leaves Ned Scott as the CEO of the steem inc.
Less i forget, i read somewhere where someone was asking what steemit is about and how people make money on steemit... Well, you are about to find out...
Steemit is a social news service that runs a blogging and social networking website on top of a blockchain database, also referred to as Steem...
The service produces STEEM and Steem Dollars which are tradeable tokens users are compensated with for posting, discovering, and commenting on interesting and most importantly original content....
The universal concept is similar to most blogging websites or social news websites but the text content is saved in a blockchain...
I know you are wondering why blockchain, well Using a blockchain enables rewarding comments and posts with secure tokens of value.... I guess this explains how people gets to be rewarded for their passion.
Users can upvote authors post which will lead to a monetary reward for the author, and people can earn via curating too...
Yes, the CEO is on steemit too, ya wondering what his user name is??? Yes, i will tell you
.
.
.
It is @ned
.
.
Picture Source
Yes, search @ned and you are sure going to find the ceo handle
Going by the count As at may 2017, steemit has over 170,000 registered users and its fast growing.
Ooppsss, i almost forgot 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 and finally Post authors can also choose to decline payouts...
Kindly comment on this post, upvote and resteem
You can also follow me @ambmicheal
