Future SMT Portfolios Just Got More InterestingsteemCreated with Sketch.

in #busy6 years ago

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I have been accumulating a number of news articles for a number of weeks now in order to produce some interesting content for the community but I have been witnessing a huge momentum building regarding the future of SMTs here for the Steem blockchain and I could not wait more to discuss my thoughts about it. This has been one of the positive movements since Steemit Inc announced the restructuring last year as the community took the moment to realize that Smart Media Tokens (SMTs) were farther away that originally planned. Given the amount of Dapps that had been developed or were in the process of doing so was a large disappointment which lead to doubt of their future. The community and developer groups within it have been taking ownership of this opportunity to build alternatives to support the growing ecosystem and its Dapps which have been the lifeline of Steem this past year. We are now getting close to projects launching to support these initiatives.

@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.

Discord: @newageinv#3174

Chat with me on Telegram: @NewAgeInv

Follow me on Twitter: @NAICrypto
The following are Affliate or Referral links to communities that I am a part of and use often. Signing up through them would reward me for my effort in attracting users to them:

If you are like me and interested in continued personal growth, invest in yourself and lets help each other out by leveraging the resources Minnowbooster provides by using my referral link

Start your collection of Steem Monsters today at my referral link

Try the Partiko Mobile app to engage while on the go with my referral link

The dice game that has captured the attention of many Steemians is here! Earn your tokens and try your luck here!

Check Out the New Way to Interact with Other Social Media using my referral link

Get started on the latest game on the blockchain Drug Wars by signing up here!

Join the FreedomEx Exchange Platform to trade token with your Steem-based currencies!

If you select one of my above referral links, I will sponsor a @steembasicincome SBI in return. Let me know if you do so in the comments below!

DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.

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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.

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75% of total trading fee revenue to FREEX token holders

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!

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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!

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@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.

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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by newageinv from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

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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.

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