The decline in the cryptocurrency market have led to the dismissal of 70% of employees Steemit

The decline in the cryptocurrency market have led to the dismissal of 70% of employees Steemit

The company Steemit, the most famous project which is the blog platform on the blockchain Steem, has announced a structural reorganization, part of which will be reduced to 70% of the state.

Sad for the employees the news was announced by Ned Scott, founder and CEO Steemit Inc. One of the main reasons was a large decline in the cryptocurrency market, hit the token STEEM, which overlapped the growth of service charges full-nodes blockchain Steem.

New job need to find a greater portion of the state, the remaining 30% will be puzzled in the first place the reduction of expenses on infrastructure maintenance steemit.com and its public API.

“We still believe that Steem can be one of the best and most economical blockchain protocols for applications, and that the measures we intend to take will make it an even better tool support applications,” said Scott.

However, before you work on improvements, it is necessary to optimize the costs associated with the project, improving its economy. Save project steemit.com — the main goal, which is focused on the management of the company, he added.

It is interesting that the token STEEM for the last day increased by 18%, and is trading at around $0,37, occupying 47th place ranking Coinmarketcap. However, it is very small compared to the peak January 2018 — $7,31.

News tags
Let's Disqus