Just Got An E-mail Announcing the creation of SMTs.
"I believe SMTs could be huge and can change the internet as we know it." @ned
Steem’s Smart Media Tokens (SMTs) give anyone the power to launch and sell Proof-ofBrain tokens, which are tokens distributed by “upvote” and “like”-based algorithms and can be integrated with websites to align incentives and spur growth, while websites are empowered to adopt sustainable, currency-centric revenue models. This model has been tested and continues to be proven by steemit.com , busy.org, chainbb.com, dsound.audio, dtube.video and other Steem interfaces, which are monetizing content, tokens and media in a way never before seen.
Why create Smart Media Tokens (SMTs)
<iframe width="560" height="315" src="
frameborder="0" allowfullscreen></iframe>Dear Steemians,
After more than 20 months of development and 350,000 users on Steem, I have an important message for you about a new Steem-based protocol I call Smart Media Tokens that enable any and every application to have their own STEEM-like token.
Read the Smart Media Tokens whitepaper, and Share this with your friends and the community.
Will steem be directly benefited by SMT ? So far i understood that both are different. SMT is new ICO and there will be some purchase of steem to buy the ICO however those fund will be sold after ico is over to fund the project. So what is the benefit of steem ? Why did not they made Steem the platform to issue token ? May be i am wrong.. please correct me.
Steem could be benefited by SMT like etherium benefited by the ERC 20 tokens. I see your concern when steem is being used for ICOs and the sellout that will happen after, but the real value in my openion Is giving users the opertunity to create something like steemit.com or busy.org.
lets see what will happen :)
A SMT will be exchanged through STEEM, so we won't have a pack of SMTs and STEEM only one of them. We will have STEEM, and after that a cluster of SMTs over STEEM. Market-wise, this will in all probability help interest for STEEM, as a token.
Additionally, the SMT age system is far more mind boggling than only a token issuance on the Ethereum stage. When you dispatch a SMT, you truly dispatch a thin layer of Steem-application-forms over your substance, including your own particular prizes pool, your own particular swelling model, your own particular voting and curation calculations and your own vesting component.
Hope this helps.
That Helps a Lot! :)
Thanks For Sharing!
Would be nice if you name the source @bbomber which is @dragosroua in my post this morning. It seems you plastered this all over.
Oh boy, this is so great!
What a time to be alive!!!
Exactly :)
Ohh thank you so much for sharing it 😊
You are welcome :)
بالتوفيق يا صديقي
thank you :)
Thanks for this knowledge my friend
great post like it and upvoted.....
keep it up!
Smart media token , the great idea.
niceky done by you sir i like your work
It sound very simply and easy to use. Nice info
It helping for very easy transaction, so i Will learn more. Thanks for this new information
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