It looks a lot like Steemit, that's undeniable. But what's interesting is instead of presenting itself as a social networking and blogging platform, it is being presented as a news crowdsourcing platform. I appreciate the fact that instead of just being another clone, it is trying to differentiate itself. Even better that it is focusing on a very narrow niche of blockchain and cryptocurrency news.

Needless to say, the project is still in its early stages, so I can't really say how this will grow or evolve. But, it is worth keeping your eye on if you're looking from Steemit.com alternatives. As for the cryptocurrency used in the project's ecosystem, that's another unknown since it's not yet listed in exchanges.