Cryptocurrency Q&A
What happened to Steem crypto?
What happened to Steem crypto?
Bianca
Sun Oct 27 2024
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7 answers
2021
Steem crypto, founded by Dan Larimer, was a blockchain-based social media platform that rewarded users for creating and curating content. However, its development and status have changed over time, with various updates and forks occurring. To understand what happened to Steem crypto, it's important to consider its historical performance, community support, and any recent developments or announcements related to the project.
7 answers
CryptoBaroness
Tue Oct 29 2024
As a result of the financial pressures, Steemit was forced to make difficult decisions.
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PulseEclipse
Tue Oct 29 2024
One of these decisions was to lay off a substantial portion of its workforce.
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DigitalDynastyQueen
Tue Oct 29 2024
During the 2018 cryptocurrency crash, the price of STEEM experienced a significant decline.
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Tommaso
Tue Oct 29 2024
Specifically, Steemit had to lay off 70% of its staff in order to stay afloat.
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CryptoProphet
Tue Oct 29 2024
In 2020, there was a successful fork in the Steem blockchain.
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