RE: What does a vote mean? and how might SMTs help us define them better?

[andybets]

I believe that Steem will be required to transact on the Steem blockchain. So those creating communities using SMTs will need to hold Steem for this purpose, and this adds demand for Steem. There may be other connections to Steem depending on the specific SMT offerings, and I imagine the main SMT exchange(s) will also be centered around Steem.

Comments

[gold84]

Hi @andybets yes I imagine that if we create an ICO with the Steem Blockchain and start spreading our SMTs, in order to have bandwith for the crypto created on the Steem Blockchain, we'll need to hold steem. Is it that way?

Very interesting post!

Regards, @gold84

[andybets]

Thanks. Yes, that's my understanding too :)