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RE: How To Deploy Your Own Smart Media Token On The Steem Blockchain - The SMT White Paper Series, Ep. One

in #steemit7 years ago (edited)

It's not speculative. You benefit from these tokens if you have (or plan to create and grow) a community and that community agrees to use your token for something (very briefly put).

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Got it. Thanks for the explanation.

This is a ‘bottom-line’ question for potential SMT issuers, and the leaders of the SMT project should plan to make a deep investment on helping these potential issuers to think through the issues/questions and work out their strategies and protocols with great care.
First, “benefit” in this context needs to be defined precisely, and that definition may vary among a set of potential issuers.
Second, is it enough to imply that as soon as I have the said community, or a plan top create and grow one, i will reap the benefits?
How a potential issuer decides to resolve these matters will influence the conception of the SMT distribution protocol that make sense for her/him, and from that conception we get to programme coding. Or do I gave this all wrong?