On July 4, Steemit users were rewarded with around $1.3 million worth of the digital currency, Steem Dollars, or 10% of Steemit’s current market cap, to users who have been uploading content and voting on Steemit.
Since its launch two months ago the fast growing social media site has grown at a phenomenal rate with its popularity increasing day by day. By plugging into a blockchain called Steem, the decentralized social media platform rewards those who deliver the best commentary, images, videos, and articles to the site.