Justin Sun and Tron announce Steemit joining Tron Ecosystem
The announcement in its entirety can be seen below...
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Steemit Joining TRON Ecosystem
Steemit Inc., the largest decentralized blockchain-based social media and blogging platform, announced a strategic partnership with TRON Foundation. TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain based DApps to TRON blockchain and its community of over 20 million users, products, and services.
TRON is one of the largest decentralized ecosystems, providing fast network speed, high throughput stability, and scalability. This partnership continues the beat of TRON’s rhythm in partnering with top firms like Samsung, Poloniex, Opera, and DLive to provide a dynamic value proposition to its users, investors, and community members.
Steemit is offering a Reddit-alike service built on top of the Steem blockchain. As one of the largest DApps cross all the blockchains, Steemit also claims a thriving community of its own due to a growing number of DApps developed on the Steem blockchain with over 1 million users. Some popular real-world use cases on Steem blockchain include the Youtube alternative D.Tube, Instagram alternative APPICS, and fitness Dapp Actifit. Steemit was founded by Ned Scott and Dan Larimer in January 2016. Larimer led the engineering of Steemit’s earliest technology and later went on to lead the development of EOS, a highly visible blockchain protocol.
Together, TRON Foundation and Steemit Inc. will look to create further value for their users and to augment their advancements in decentralized technologies, including moving old STEEM token to a new TRON based STEEM token, giveaways to the existing TRX users with the new TRON based STEEM token, as well as a new accelerator program towards the developer community.
This partnership further empowers TRON’s title as the blockchain industry’s leader in distributed ledger technology with over 800 Dapps now in its ecosystem.
“We are very excited to welcome Steemit into the TRON ecosystem,” says Justin Sun, Founder of TRON and CEO of BitTorrent. “Together we will usher in a new era of decentralized social networking.”
“Steemit is the original conception of forums meeting cryptocurrency to achieve mass adoption — where cryptocurrency could be distributed as easily as “likes” and “upvotes” and this high powered distribution mechanism would bring adoption and appreciation to the currency and the social network,” says Ned Scott, former CEO, Chairman and Founder of Steemit. “From launching the platform in 2016 on a shoestring budget to today, I’ve enjoyed the development of the platform and the growth of its user base — now I’m excited to see a strategic partner attempt to bring it to new heights.”
About TRON Foundation
TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100M monthly active users.
You can learn more about TRON on our website www.tron.network and our social channels:
Twitter: https://twitter.com/Tronfoundation,
Facebook: https://www.facebook.com/tronfoundation
About Steemit, Inc.
Steemit, Inc. uses blockchain technology to develop cryptocurrencies that support, improve, and monetize social media sites and networks. It is the primary developers of the Steem blockchain and steemit.com, a top 5000 Alexa site. To learn more about Steemit, visit steemit.com and Steem at steem.com.
(Source: https://medium.com/@TronFoundation/steemit-joining-tron-ecosystem-6ad66584d0b)
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Stay informed my friends.
-Doc
so steemit or the steem blockchain...
don't we like to scream off the rooftops that they are different?
Posted via Steemleo
It looks like both. There will be a token swap.
Read it again. Steemit was sold, it's impossible to sell Steem.
The blockchain will be left behind.
Steem and Steemit are separate companies last I knew.
But the idea of a coin/token swap is quite intimidating to me.
As a developer, it adds a level of uncertainty that is alarming.
Yes, it looks like steemit.com (and possibly steemit,inc) were sold and somehow there is also going to be a steem token swap as well as migration of existing apps...
so we never get SMT? nice scam
They are doing a token swap for the existing coins...
What a day
It is unclear what this means exactly, my take was that it was overall good news, but it all depends on the specifics.
what's the use of steem blockchain then and steem engine tokens all will be useless ?
Need to wait until more info comes out, there is an AMA tomorrow which should have more info:
@jrcornel, I can't understand if it's good or bad news, what do you think?
Overall, I think it will end up being good news. We will know more tomorrow though. I am cautiously optimistic it ends up being good news for steem investors.
Justin sun = shit problem
Posted using Partiko iOS
This caught my eye when I scrolled through Twitter long after my bedtime. It seems like an opportune time to be a Steem user, given how much publicity that Tron has, and this may just give Steem DApps the attention that it much deserves. Still, I haven't yet caught on the finer details of the partnership.
Will there be any changes for us, Steemians - like should we worry about exchanging our STEEM and SBD tokens for this new one? Or will we be diluted following this new partnership? I'd appreciate it if anyone could link some info that that they've come across.
In any case, thanks for the post. Really helped us get up to speed with things :-)
@tipu curate
Posted using Partiko Android
Thanks for the tip!
Upvoted 👌 (Mana: 5/10 - need recharge?)