Steemit , the world's largest blockchain-based social network and blogging platform, announces a strategic partnership with the TRON Foundation. Steemit, the largest decentralized social media platform, announced the strategic partnership with the TRON Foundation in a press release.
Development teams from both companies will immediately begin working together to bring Steem blockchain-based applications to the TRON blockchain, and its community of more than 20 million users, services, and products. According to the release, TRON Foundation and Steemit will work together to create more value for their users, as well as increase their advancements in decentralized technology.
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The old STEEM token will be transferred to a new TRON-based STEEM token. There will be a giveaway for existing TRX users who will receive the STEEM token based on the TRON network. There will also be an accelerator program for the developer community.
We are very excited to welcome Steemit to the TRON ecosystem. Together we will start a new era of decentralized social media.
Justin Sun, founder of TRON
Steemit is a platform similar to Reddit where cryptocurrencies could be distributed as " likes " and " votes ." This could lead to greater adoption of blockchain-based technologies, especially after recent events.
Just yesterday, the Twitter account of popular cryptocurrency commentator and Bitcoin permabull Anthony 'Pomp' Pompliano was temporarily unavailable. Furthermore, some time ago, YouTube, the world's largest video-sharing platform, penalized and even removed cryptocurrency-related content. This sparked a debate within the community about the need for a decentralized alternative. It also highlighted the drawbacks of censorship and the fact that a single authority has control over network participants.
