Steemit Smart Media Tokens

hacker5 (48)in #steemit • 7 years ago

Smart Media Tokens

A new way for publishers to monetize their online content and community, based on battle-tested blockchain technology.

Smart Media Tokens is a proposal to build a consensus-level token issuance protocol on the Steem blockchain. Inspired by the revolutionary properties of the STEEM token including automatic distributions to content creators, SMTs will be an upgrade beyond previously created blockchain token issuance protocols due to carefully designed token sale programmability automated liquidity providers decentralized token markets and dynamic token distribution parameters as well as a large ecosystem of tools for integrations at website and application layers.

New Fundraising Opportunities

New Fundraising Opportunities Blockchain-based tokens beginning strongly with the advent of ERC20 on Ethereum, represent a new manner of bringing capital into an organization through the process of Initial Coin Offerings (ICOs).
ICOs are an opportunity for one group to sell an initial supply of tokens, privately or publicly, for-specific-purpose, for-profit or not-for-profit. Depending on how these tokens are sold, different regulatory bodies could see them as commodities, securities, derivatives, or as none of the above.
Regardless, it is clear we have seen north of one billion dollars raised through ICOs in 2017, and to support this trend, it is possible to conveniently launch and sell tokens via the built in ICO contract of SMTs. The launch of SMTs can be structured for ICOs with hard, soft, and no caps, and can be tailored to receive STEEM and cryptocurrencies on other blockchains.

One of the things I learnt early on in business is that you have to keep evolving even if the pace is seemingly unhurried to the world and the other is to always under-promise and over deliver. But when the time is ripe, you go out all guns blazing.Today announced the Smart Media Token whitepaper and as you can tell it holds some incredible possibilities for business owners across the world.

Check:

https://smt.steem.io

With SMTs you can launch your own tokens, run an ICO, generate income out of your websites or blogs by monetizing them unlike ever before. Traditionally most website owners were largely dependent on ad-revenue or affiliate sales. But now you can easily monetize your content and community with blockchain technology and crypto tokens.