I think a hybrid ICO/Airdrop solution might be a start for any future SMT's.
I really like this idea from Furion several months ago.
https://steemit.com/token/@furion/giveaway-as-a-token-distribution-strategy
Airdrop a percentage of the SMT to STEEM Power holders and limit the max amount per account to 50k SP. This would hopefully limit the inequality in the distribution.
Thanks for that...very informative article.
It is a great idea.
What is the present system or plan for token distribution under SMT? Is there one?
I would imagine every dapp will launch their own SMT to bootstrap development and create a unique smt-community. I could see several dozen legitimate SMT's in the first few months of the SMT HardFork.
In the SMT whitepaper under "Votability and Rewardability" You can asign several votable assets to a post/comment. So you could see every dapp have its native token supported along side STEEM and maybe a third party dapp token.
In the future a post might get rewarded with $10 of TUBE Tokens, $5 of STEEM and $25 of STEEMIT token... and this could be recreated with any of the dozen or so dapps being built at this time.
LOL holy crap....this could get absolutely enormous very quickly.
People will be getting paid from all kinds of places at the same time. And each token will have a value...with some appreciating more than others....although with Wall Street coming around, it will most likely push all upwards.
I know. I'm really pumped. Most Steemians have know idea how huge this upgrade it. Most haven't even read the SMT whitepaper yet... and just think it's about some Scam ICO's on the STEEM blockchain. Far from it!
Depends on the dapp developers. Steemit, dTube, dLive, dMania, and many others will be able to fully customize the distribution, inflation, and curation/rewards of each individual SMT. Hopefully they will launch Clean ICOs/Airdrops to silence the critics of the initial STEEM distribution. I'm looking forward to it.
I heard that DTube is going to issue a token...are the others going to also?
It would make sense if they do...I just didnt think about that.
Im still trying understand what I'm missing about SMTs. It feels like the only goal is to shrink the value of steem while creating and hosting competitors. I know I'm missing something, but I can't understand why everyone is excited.
In the simplest terms.. SMT's will allow any application developer to launch a content publishing platform and use the distribution of new tokens to incentivize content creators to publish to that platform. The SMT tokens may or may not acquire a value on the market. This will depend if the SMT token community decides to hold or dump the token on the market. Ideally they would hold the token and use the vested SMT power to increase their influence on the various content platforms.
I understand it from their perspective, its software as a service, free of charge. The thing is I have only heard it described to their benefit. Why is this good for either content producers or viewers ? I dont understand how they arent getting shafted. Which is why I know Im missing something, because it just looks weirdly martyristic .
LOL holy crap....this could get absolutely enormous very quickly.
People will be getting paid from all kinds of places at the same time. And each token will have a value...with some appreciating more than others....although with Wall Street coming around, it will most likely push all upwards.