The team at Steem-Engine is really paving the way for what is to come on the Steem blockchain. This sidechain is providing a valuable service to Steem. Anyone can to on there and create a token for their project. All tokens created are paired with STEEM making it an asset that can be traded.
We now see the next step in the evolution. This was mentioned by @aggroed a couple of times and it is good to see it come into practice.
@steemmonsters held the first security token offering which raised $100,000. This was a major breakthrough for a few different reasons.
The first is that Security Tokens are still in the embryo stage. There are very few of them and now we can say one of them was done on here. The world is not even looking at Steem yet it is one of the few ecosystems to have a token offering of this kind.
Secondly, it shows the world that there is a way to raise money for projects. One of the problems for most projects is access to real capital. It is great to have a token but depending upon that to fund the project is difficult. As was saw, a bear market wipes out a great deal of the value (thus ability to operate). This is what put Steemit Inc in such hot water.
Finally, it allows Steemmonsters to make the changes to their game that the team envisions. One of the things I heard is that the game will be expanded to interact with Tron users. Since I heard this from @exyle's video, I am not sure how it works. Nevertheless, this is an expansion of the reach of Steem. We know that Tron got a lot of attention so having access to that user base can only help.
My vision is that people on here will ultimately have access to assets that offered on a decentralized exchange outside the reach of any one government or institution. A hindrance to wealth building for most of the world is the fact that those who do have some capital are not allowed into the early projects. This is only for "accredited investors" (read rich) at least in the United States.
@aggroed mentioned in one of his posts the desire to create NASDAQ on here. This is a vision I can sigh up for. There are a host of financial products that should be available to the average person. Unfortunately, we are kept out while the "inner circle" are the ones allowed to participate.
In reading the post, it appears we are at a transition stage which is no surprise. The entire industry is at the point of trying to decentralize within a centralized model. We need to accept the reality that the government regulators are not going away overnight. Also, full decentralization, for the most part, is not attainable at this moment. Until we establish the foundational pieces that are outside these entities, we are going to have to navigate the waters.
Over time, I believe we will see moves in that direction but it is a process.
Here is the post,
I agree this is a game changer. Ethereum was elevate in 2017 because of the attention it received in the ICO craze. By having the ability to offer STOs, the entire ecosystem could be facing similar attention in the near future.
Things are changing rapidly.
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Steem on... I also plan to create my own utility token for my blogsite http://blockchainjockey.com/
Hey @taskmaster4450 just sent you 2 sbi shares. Your one of my favorite steemians to read. Keep up the good work!
Thank you kindly @conradt. I really do appreciate it and find it uplifting that you like my efforts on here.
I am glad I could be of some service with my writing and research.
Would be nice to see steem-engine get a piece of the ieo pie as well. Seems like this maybe a huge market this coming bull run and would be great if the steem blockchain and steem-engine can get a piece of that market.
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There will be announcement this week that I heard about. We will see one soon.
About those security tokens... @tipu send 10 tokens
Thank you @cardboard.
We need to chat about tipu. I need to go more in depth with it.
Together with @mys I need to finish the tipu.online website - then it's gonna be worth writing about :p
Success! 10.0 @tipU tokens worth of 10.178 STEEM POWER have just been sent to @taskmaster4450.
@taskmaster4450 - you can check out your new investment at: https://tipu.online.
Please validate the transfer at steem-engine wallet.
From what I understand about the Tron integration, their wallet will be integrated into Steem Monsters. As far as Tron users go they won't know they're actually using Steem. In actuality they use Tron to pay for a Steem account in the background and buy/sell cards with Tron which are converted into Steem.
That really is exciting. It makes it multi-platform but all the integration is on the back end. Of course, the more activity, the more STEEM is used.
These small steps are the start of processes that can become a fundamental process of the growth for Steem and its ecosystem! Imagine the potential implications of this “integration” with the Tron community! Not only does it come up with an opportunity to establish interoperability but then opens the doors for Dapps to create gateways between the blockchain which could leverage the communities! I was somewhat doubtful when the announcement came out but after considering these implications, I went out and bought some Steem!
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I might be making a mistake here but I am holding out for lower prices. I would like to see a pull back to add to my Steem account. I have some money set aside for this purpose, it is now just waiting. I might miss if the bull is fully awakened but my sense is there is another run down.
The control freaks are not quite ready to let it run.
My dear you have an extremely intelligent saying
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