I'm a part of the team at thenovelpage.com which is a new website for web novels and web fictions.
Readers can rate, review, comment and keep track of their favorite novels among other things on the website and writers can similarly host and manage their own novels. If you're a new writer, you can also let your readers suggest edits to your novel.
If you have a good novel, we don't believe that you should pay us to promote it. In fact, if anything, we should be the ones paying you (and we will). Our recommendation system, which learns and grows everyday, will also make sure you get suitable readers and make sure it isn't hidden away on page 200 of a recent novels list after it is completed.
We've tried our best to make sure the website is easy to use, approachable, and light. We hope you like it and I appreciate any and all feedback you can give us.