Steemmonster And Steem-Engine: Helping the Steem EcosystemsteemCreated with Sketch.

in busy •  5 months ago 

Being a stakeholder in the cooperative known as Steem is exciting and, down the road, most likely very profitable. The wonderful aspect about this environment is that anything that takes place on Steem which adds value benefits everyone who is a stakeholder. One does not have to be a user of a particular application or being holding that token to benefit.

A couple recent moves by both @steemmonsters and Steem-Engine are providing great benefit to all of us. Their updates are really helping the eocsystem.

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Steemmonsters is one of the popular games on Steem. It is a top 5 DApp according to the State of the DApps. Over the past year, digital assets that are used in the game were developed which got a lot of people excited. The amount of people deciding to purchase the gaming packs grew along with the interest.

Yesterday, I wrote about @dlease updating their platform and the possibilities that come along with that. In the comment section, @yabapmatt posted an "announcement" regarding Steemmonsters.

We just released this morning the ability to delegate Steem Monsters cards to another account. This will allow people to lease out their unused cards to earn a passive income from them. Initially the system is very basic and simply allows delegating and undelegating (just like with SP), but we are working with peak monsters and potentially buildteam to create a leasing market for them and act as an escrow service, just like dlease currently does with SP.

Much like STEEM, people will have the ability to earn passive income off their cards. This will only make the cards more attractive along with helping those newer to the game. For the moment, cards will be delegated out similar to SP.

How does this help Steemians who are not into the game? Simply, anything that helps Steem, helps you. By making the cards more attractive (read valuable) and giving newer users a means to enhance their impact on the game, Steemmonsters made the game more valuable. This should attract different users over time, some who will be new to Steem.

At the same time, there was an announcement yesterday by @aggroed that he set up a new token to be used for renting out his Steemmonster cards. Here again, we see an attempt to increase the appeal of the game to other users by using his stake for their benefit.

https://steempeak.com/steemmonsters/@aggroed/steem-monsters-asset-leasing-program-smalp

It is important to remember that nothing happens in a vacuum on Steem. Everything is interconnected for token holders. We are the beneficiaries of the entire ecosystem and all that is on here. Users and developer's interests are aligned.

A few weeks ago, we saw the introduction of Steem-Engine.com. This is a site that is tied to smart contract technology which allows for token creation. The token Aggroed developed, I am going to presume, is being done on that site. Since Steem-Engine has a DEX, all tokens created on that platform are listed on the DEX. It also helps in the pairing with STEEM.

Another announcement was made on the Town Hall show on Sunday. In a few weeks, do not be surprised if there is Bitcoin and Ethereum pairings added to the platforms. If I am not mistaken, Steemmonster cards can already be purchased using a credit card. This allows one, if he or she chooses, to get STEEM using a credit card by going through a Steemmonster card first. Ultimately, these are digital assets so using this as a pass through is no different than Bitcoin.

Adding Bitcoin and other "mainstream" tokens only makes it easier for people to get involved in the different projects. There is a lot of effort being put into getting STEEM listed on exchanges where there is a conversion from fiat. This is important yet we must keep in mind there is already a lot of value in cryptocurrency holdings out there. The entire float of STEEM could be easily sucked up using Bitcoin or Ethereum.

I like the idea of "screw it, let's do it ourselves". While we still want to keep soliciting exchanges to list STEEM, creating the pairings ourselves on a DEX provides another option to people. It also makes it easier for people to get their hands on the newer tokens being developed. As we see more applications join online, being able to enter and exit those tokens will be crucial for those projects. This is providing a means to that end.

Steem started out as a blogging platform but, as you can see, it is moving away from that very quickly. The idea is to branch out into areas that make it a thriving ecosystem. At present, we are seeing a lot of work being done that is laying the foundation. Decentralized ecosystems lack the technology to be a major force. This is being addressed.

Moves like these help the entire ecosystem. This is why I opt to focus upon the development taking place. Each addition moves us forward another step.

It is a fun time to be a Steemian.


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Hi @taskmaster4450!

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Steem is a good place at the moment. I hope it will not become a jungle where people come only for money...

Lol, newb you missed the n2, these rewards are crap.
The chain got hijacked two years ago to facilitate spam and circle jerking and has been crap ever since.
Stick around, though, it could get fixed.

I'm finding less and less reasons to send my Steem off to an exchange to trade for other tokens. About the only reason, I can forsee any Steem leaving my wallet to an exchange is if we start breaking record highs in Steem prices and I will be taking some profit into fiat in preparation for the next Bear market to buy even more Steem.

Exciting times indeed and happy I have the opportunity to be able to purchase Alpha packs again in Steem Monsters.

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Brought to you by @tts. If you find it useful please consider upvoting this reply.

One project a month would be exciting for Steem.
More Steem Projects to come!
I wish you all the best guys!

Also an honorable mention to @drugwars.

I am an automatic upvote bot, only for #steemmonsters, #steemmonster. If i liked your post, you will get an upvote. Only for Steemmonsters. Once a day, i published the posts, that have recieved an upvote.

One step closer to evolving the ecosystem into a full service economy! The potential is limitless as these updates continue to appear on the protocol. In my opinion, this is extremely impressive considering that it has been achieved without another Hard Fork which demonstrates the flexibility if the blockchain!

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No doubt @aggroed is setting the bar high for anybody that competes with him.
Much better than the last guy that fancied himself in charge,...
Now if we could get him to stop accepting money for votes and circle jerking all them folks he would be near perfect.

accepting money for votes?
circle jerking?

I delegate out around 100k steem for free to projects like teh @minnowsupport for new users to use for free or msp-curation, which is a manual curation project I fund.

My voting patterns are pretty good with over 100 people voted over the last month and no one person receiving a vast majority...

I think you have me confused somehow.

I know characterizing the facts in the manner i have is likely to evoke an emotional response, but that doesn't change the facts.

What you do with the money may be admirable but it is a tax on the commons taken by virtue of your stake.
This is the game we are all playing.
If we play this game by the old rules the results will be no better than under the old rules.

Better that you let the manual curators decide the value of posts than you sell rewards to the highest bidder, imo.
I think consensus supports proof of brain over proof of wallet.
Selling votes, and supporting supporters over nonsupporters, breaks proof of brain.

So, while you continue doing those things, i dont have you confused.

For the extrapolaters, i see steem working like drugwars did to reverse this funnel and start rewarding folks that do the work over those that eat without working.

Development on Steem blockchain is satisfying, Steem Monsters has become an evident pioneer of this great success!

Me too like the idea of "screw it, let's do it ourselves"

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This post has been included in the latest edition of SoS Daily News - a digest of all the latest news on the Steem blockchain.

Agreed. With everything here. Only issue? the Steem Engine platform still requires the purchase of the Steem Peg token before the others can convert to Steem. And ... regarding Bitcoin? We don't need Bitcoin. Steem is the new bitcoin 2.0, in my opinion, though i'm not the only one to say that.

I think most people don't really realize what a great "gateway" Steemmonsters offers thru its Booster Pack purchases via Credit Card, PayPal, BNB, ETH, BTC etc.... its so easy to purchase Booster Packs and turn them into Steem.
You could also literally "hedge" your Steem position with Booster Packs if you think the market goes down. The Booster Packs will keep their official value of 2$ per Pack.
I'm excited for the future of Steem and hope that we soon her something about SMT-Lite soon? Any News or rumors on that?