Future SMT Portfolios Just Got More Interesting
@steemhunt posted a couple of days ago their intent along with other Dapp projects to list their tokens via a Initial Exchange Offering (IEO) using the Daybit Exchange. The intent is to issue their token using ERC-20 technology to gain access to market participants in order to establish liquidity for the long awaited tokens. They will eventually move these over to the SMT platforms as it ultimately develops although timing is still not established. Daybit is a relatively new exchange that has gotten the backing from the largest Blockchain Company in Korea. It has already achieved great volumes in its short history. This is promising as it provides access to additional markets that were once limited within the Steem ecosystem. A number of high profile projects have also agreed to participate which makes this an interesting project to follow.
More progress was evident today with the announcement from @freedomex which is officially launching their FreedomEx Exchange Platform. While similar, this initiative intends to build a Steem-based hybrid Decentralized Exchange. The trading pairs will mainly feature the Steem token although they will issue their own FREEX token which will hold a one to one value with Steem upon its issuance. Instead of using an ERC-20 protocol, although it was considered, they opted to use the new Steem-Engine platform. However, other protocols will also be supported. They will also support the SMT technology when launched as well. Their intent is to allow projects to list their tokens on the exchange and will be paired by Steem itself (with the FREEX token as the gateway). They are also launching a fiat gateway for the exchange with not only US Dollar supported but also the Canadian Dollar and the Euro!
This momentum has made me even more excited for the future of this ecosystem as it continues to broaden not only within itself with content and projects that engage the community, but now also external bridges being built for it to become part of the broader Crypto and Blockchain economies being developed. It continues to impress me to see the amount of flexibility the protocol has demonstrated capable of. Imagine the potential if more developers become attracted to building out the ecosystem? I think it is a possibility as we continue to see the Dapps created here among the most active even against other protocols. In addition, our community continues to demonstrate its resilience and dedication to supporting its development. This makes my time investment into the protocol well worth the effort as I have made the intention to build a portfolio of tokens for this potential future. I know many others have done the same and it will be encouraging to see this play out in the coming months.
I have signed up for the @freedomex platform as I think it provides great flexibility for the future of the ecosystem. The ability to have a fiat gateway is very attractive to continue my accumulation of Steem over the year. In addition, they are providing great incentives for early adopters. Here is a list of a couple of those incentives:
- 75% of total trading fee revenue to FREEX token holders
- Lifetime free trading for those who purchase and hold 1,500 FREEX on April 30th, 2019
- 50% of trading fee revenue of referrals before April 30th, 2019
- 25% of trading fee revenue of referrals after April 30th, 2019
This could be an exciting opportunity which is why I signed up to participate. I am looking forward to how this will help the ecosystem develop and grow as the community continues to actively engage in the ecosystem. If you are interested in using the Steem-based FreedomEx Exchange, please consider using my referral link. I will look to provide a share of SBI for all who sign up via my link.
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The more time I spend on steem blockchain the more convinced I am that exciting things are about to happen. Look at the progress..the development. Steem will shine...I am telling ya
I try to look at ways to remain unbiased in my opinion but the trends continue to lead down a path of great potential despite the adversity given the value being created by the community.
Posted using Partiko iOS
This already made me a buyer, passive income is what I love and live for! Steem is probably one of the best if not the best marketing blockchain there is, mainly because of the huge community and support we have with each other, even though we spend most of the time fighting between ourselves(like a family) and because it's very very easy to use for the common non crypto fanatic mortal... I'm sure that, that dex @freedomex is creating will have lots of traffics, and more when the new wave of STEEM hodlers and investors come, these new hodlers and investors will for sure buy SMT, and every time they buy they pay fees, getting a % of that fee for myself as a token hodler is a really really cool concept!
I think so as well and the service that the exchange will do to the Steem ecosystem will be a value creator as it will attract more potential projects and investors as liquidity and capital could be generated from the venture. Looking forward to see the progress!
Posted using Partiko iOS
Lot's of projects are in process under the blockchain and should be launched soon. Future is going to be amazing with these innovations. I am excited for SMT.
Posted using Partiko Android
Yes, SMTs take the protocol to compete on another level among other platforms out there but bring a great community generating value with it!
Posted using Partiko iOS
@newageiv any info on the SMT release dates?
Not yet but a roadmap may be provided soon although other projects are taking matters into the own hands like Steem Engine.
Posted using Partiko iOS
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Great. Pretty much what i am not interested most is how the smt will unfold as i am excited about it
This post has been included in the latest edition of SoS Daily News - a digest of all you need to know about the State of Steem.
I am increasingly excited about steem and believe that more will develop later
It appears Steem just like Bitcoin isn't going anywhere. Thanks for sharing the great news.