Cryptocurrency Steem rising at a record pace

In less than 10 days, the market capitalization of the token Steem increased by 2,700%, allowing that is rapidly gaining popularity cryptocurrency to go on this indicator in the third place.
At the time of writing, the market capitalization of Steem estimated to be worth about $ 352 million, although a little over a week ago, the figure was $ 13 million.
The rapidly increased and the cost of a token - if seven days ago Steem trading around 0.00041 BTC, it went up considerably in the last few days, trading currently around 0.0068 BTC. Thus, for the time period of the token value has increased more than 15 times.

Social network on blokcheyne Steemit gives users a fee for the creation and selection of media content.
In a recent interview Forklog founder Ned Scott platform noted that, unlike other social networks on blokcheyne, Steemit offers a fundamentally new solution. The platform uses a token Steem, which has a market value of at kriptovalyutnyh exchanges. Using emission profit similar Bitcoin Mining, blokcheyn can allocate values ​​between those who publish content, and voice. The better the results publication shows, the more can earn its authors and voting.
In addition, Ned Scott is convinced that using solutions blokcheyne content can not be really censored, giving platforms like Steemit great advantages over "traditional" social networks like Facebook or Reddit.
July 4 US Independence Day, Steemit platform generously endowed active participants, allocating $ 1.3 million in their own tokens in favor of early users.