STEEMIT Powering Communities and Opportunities
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๐๐๐๐๐๐๐:is a blockchain-based blogging and social media website. Users can gain a cryptocurrency, STEEM, for publishing and curating content. The company is owned by Steemit Inc., a privately held company based in New York City and a headquarters in Virginia.
Steemit is designed as a decentralized application (DApp) built upon the Steem blockchain, using the eponymous cryptocurrency STEEM to reward users for their content.By voting on posts and comments, users get to decide the payout of those posts. Users also get so-called "Curation Rewards" for finding and upvoting content that gets upvoted by other users afterwards
๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐: On July 4, 2016, Steemit, Inc., a company founded by Ned Scott and blockchain developer Daniel Larimer, launched the social media platform Steemit as the first application built upon Steem blockchain.
On July 14, 2016, Steemit announced on their website that they were hacked. The attack, according to them, has compromised about 260 accounts. About US$85,000 worth of Steem Dollars and STEEM are reported to have been taken by the attackers.
In March 2017, Daniel Larimer stepped back as Steemit's chief technology officer and left the company.
With the STEEM price dropping during the 2018 cryptocurrency crash, Steemit faced financial difficulties and had to lay off 70% of its staff.
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Top 5 Better Alternatives To Steemit To Earn Crypto Tokens
While blockchain was once known merely as the building blocks used to make bitcoin, itโs now being hailed as a world-changing technology. The past year has seen a huge rise in companies using the blockchain to form innovative, decentralized businesses. However, one of the largest trends weโve seen is the prominence of blockchain social media apps.
When Steemit first came out, everyone loved its idea as content creators and curators were getting paid for the quality of the content, not by the number of Ads clicks. But since the design of Steemit is so boring and it lacks a lot of features, people started switching to alternative platforms ๐ง
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Dtube is the decentralized Youtube (although itโs not a project by Google). Users are allowed to upload videos and get rewards in the shape of crypto tokens for uploading quality contents. Since DTube is made on the blockchain, just like Bitcoin, it follows the same rules of secure, decentralized, list of record keeping. On the other hand, since the TPS speed is quite low, uploading content on DTube can take forever especially if your video is more than 10 minutes.
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Sphere.social or simply Sphere was also built with an aim to tackle privacy, company transparency, and data security. It gives people the power to express their mind and every time they post quality content, they get compensated. Unlike others, the good thing with the Sphere is that it is cellphone-based and can be downloaded on both AppStore and Google Play.
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SNAC is basically a blockchain based social media that rewards both its content creators and content consumers. It is so powerful dapp that you can just think of it as an amalgamation of Facebook, Instagram, Medium and Steemit โ a one stop shop. It allows users to create groups, grow communities, earn rewards for growing communities, earn rewards for even liking one post. The token is SNAC which is a stable coin worth
1 SNAC = 1 KRW (0.001 $), so with 100 LIKES, you can have $1 in hand.
Google play store :https://play.google.com/store/apps/details?id=sigmachain.app.futurepia.messenger
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Sapien is a highly customizable and democratized social news platform capable of rewarding millions of content creators and curators. Sapien is more like Reddit, where people upload news in the shape of text or URL. There is no way to upload images or videos for the time-being
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Yours is a social network where you can earn Bitcoin SV if you create value. According to them, their mission is to improve the quality of content on the internet and to get people paid for doing the work they love. Although the idea is pretty much the same with other platforms, Yours is not known to many people and would probably die in near future especially after the release of Futurepia Messenger dapp.
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