8 STEEM
Steem is a blockchain-based social media platform that was founded by Ned Scott and Dan Larimer in the summer of 2016. It’s thought that around 500,000 people use it and market capitalisation is $850mn. Steem users earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem-based currencies in a vest fund, which generates interest. Rewards depend on the number of “likes” a post gets.
7 AUGUR
Started back in August 2015, Augur is the brainchild of Jack Peterson and Joey Krug. Market capitalisation is $1bn. Augur is a decentralised prediction market that’s built on top of the Ethereum blockchain. A prediction market is a tool for forecasting the outcomes of future events. Prediction markets allow users to trade based on their expectation of how a real-world event will play out and lets them buy shares based on these predictions.
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