Steemit Managing Director Elizabeth Powell says she is excited about the new strategic partnership between Tron and Steemit. On 14 February, the Tron Foundation had announced it had acquired Steemit, a decentralized social media platform with over 10,000 daily active users.

Following the announcement, a great deal of uncertainty arose from the Steemit community. But TRon Founder and CEO Justin Sun wrote an open letter to the Steemit community on 23 February to communicate to users that Steemit 2.0 will be an improvement on the current platform: “With so much happening in Steem right out the gates for me and everyone at Tron and Steemit Inc, such as the launch of Communities and a soft fork 22.2 we weren’t expecting, I feel it is important to show you guys I am here and ready to begin building with you.”

Sun’s letter also mentions that there will be a Steemit town hall summit on 6 March to discuss the Tron and Steemit roadmaps and to communicate the goals and objectives of the two ecosystems.

Steemit reportedly laid off more than 70% of its staff in November 2018. According to Powell, the Tron partnership has saved Steemit from reaching a breaking point, noting that new features are already being implemented across the blockchain-based social media platform.


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