Home / Crypto News / Steemit who handles block chain SNS dismisses 70% of employees! Is it due to the collapse of the cryptocurrency market?

Steemit who handles block chain SNS dismisses 70% of employees! Is it due to the collapse of the cryptocurrency market?

Steemit of startup seems to have dismissed 70% of its staff. Ned Scott, founder and CEO of the company, talks about reasons for dismissal on Youtube.

Mr. Scott said in the video “We have been building teams for several months, but we were going to expect that the cryptocurrency market will be raised, but as we do not exist anymore, I will lay off more than 70% of the staff. “

Steemit is a startup providing SNS platform based on block chain technology. “SMT” (Smart Media Tokens), the foundation of the development of distributed applications (Dapps) running on the Steem block chain, will be open to the public in 2019 as well.

The company has already carried out demonstration experiments, and the service of the video site “DTube” is already in operation.

Steemit’s cryptocurrency Steemit has a market capitalization of about 13 billion yen at the time of the article writing (November 29), and it is in the 48th place in the whole.

Article Source: Coindesk, Youtube

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Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/steemit-fire-70/

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