No, it is an independent project built on EOS, it will apparently also use the same coin as Bitshares 3.0 (the new exchange Dan is building, which will come after the social app). If you want to participate in both the old and the new Steemit, go for it, if you want just one or the other, go for it.
RE: [QUESTION]Will steemit and steem 2.0 be the same platform?