Steemit, blockchain-based blogging platform, is moving from its own blockchain to the TRON network. The project struggled difficulties for several years and a drop in interest after Steemit co-founder Dan Larimer left the project.

Steemit, the once-popular social blockchain platform that allowed authors to directly earn thousands of dollars per publication, announced that it moves to the TRON blockchain. The Steemit official statement reads:

“Steemit Inc., the largest decentralized blockchain-based social media and blogging platform, announced a strategic partnership with TRON Foundation. TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain-based DApps to TRON blockchain and its community of over 20 million users, products, and services.”

The parties noted that Steemit migration takes place on its own initiative and without any financial intervention from Justin Sun.

At the same time, former Steemit CEO and co-founder Ned Scott tweeted that “after four beautiful years,” he sold Steemit to Justin Sun, creator of the TRON blockchain ecosystem. In a subsequent video interview in the AMA format (“Ask me about anything”), Scott explains that he sold the company “for personal reasons” and that there are other legal entities that he works for behind the scenes. Another Steemit founder, Dan Larimer, left the project in 2017 to focus on EOS project.

But due to Justin Sun’s controversial reputation, the Steemit user community negatively perceived the message. As stated in one of the messages, the community is very concerned about further actions, and many are discussing a fork from TRON, as many members of the community consider this a hostile takeover, and not a mutually beneficial partnership.

The last two years, Steemit and its STEEM token experienced difficulties and lost popularity against the backdrop of the crypto market winter. The STEEM token fell in price to $0.2 in January 2020 from the peak value of January 2018, when it cost $7.97.