Steemit Rising – Over 100,000 Users and Half a Million Monthly Uniques

Steemit, the decentralized social network rewarding people for their posts and votes online, has reached the 100,000 user milestone in just its fifth month of operation. The popular platform, leveraging custom-made Blockchain technology, has begun to redefine social media by building a living, breathing, growing social economy; a “small town” community where users are getting rewarded for their time, effort and creativity through digital points called Steem.

Steemit has also leapt to half a million unique monthly visitors in September, and is now experiencing similar signs of growth to Facebook and Reddit in their early days: In October 2006, 16 months after Reddit was founded and acquired by Conde Nast, the company reported 2.1 million unique monthly visitors. Steemit reported 550,000 unique monthly visitors in less than a third of the time. In December 2004, Facebook recorded 1 million users in its first year. Steemit, after five months, has 100,000.