Task #9: Review of a Finance DApp

in #smartsteem5 years ago (edited)

Task by: @Oracle-d.tasks and @dapplovers

Promotion and Review of Smartsteem

![hbw239klbe.png]() Img Src

Smartsteem is a decentralized application that was launched in 2017 and built on steem blockchain. It is a promotion (where users promote their quality content) and an investment (where users invest their steempower) service with TheRealWolf as the author. Smartsteem is a finance DApp having a proprietary software license, ranked 52. It is one of the DApp that runs in a sustainable ethical manner, making users and investors of all sizes to grow on steem.

Every user on steemit wants to grow their steempower, voice and audience. Smartsteem enables you promote your content, or maximize your growth rate with your steempower. Here, steemians can buy upvotes directly from smartsteem and vote sellers. Steemians make a good profit from their sold votes and they are able to select which category of people their votes will be sold to. You can also delegate your steempower to smartsteem and you will receive 95% of the profit made with your steempower.

Getting Started with Smartsteem

On the smartsteem website or on the smartsteem app, click the login button at the top right of your screen

![2bc1uel1sp.png]()

You will be prompted to connect your steem account with steemconnect on smartsteem. Go on and click continue.

![et1kxkghzi.png]()

You then need to authorize your account, just click on your account name. You will then have to type your steem account master key and boom, you will be logged into smartsteem.

![0gv3pjdyri.png]()

My account is showing since I already logged in and save my master key. The dashboard is loaded automatically.

![4v16whle4i.png]()

The smartsteem interface that will popup as seen above has the following features; Dashboard, Promote, Invest, Balances, Settings, Tools, Smartmonster and Referals.

  1. Dashboard
  2. The dashboard is as the screenshot above.You can see your condition about your sells and all other smartsteem conditions on your dashboard. All of these including your account balance, revenue for last 7 days, withdrawal transactions, blacklisted/whitelisted states, your promoted posts (posts that were promoted or voted with your account), and your post promotion details (posts you promoted with smartsteem) are well stated on your dashboard.

  3. Promote
  4. Next to the Dashboard option is the Promote option. Here you can buy instant votes and also get promoted. You can decide and set the number of votes you want by setting it to be smaller or normal. Just paste your posts link in the box and set the promotion amount then click on buy votes now option and votes for your post will be triggered.

    ![1jfdgx02ht.png]()

    You can even bid for votes. Your post that is at least 15 minutes old will be voted and will be added to the next bid round if it crosses 10% limit. Just fill the information as you want and click the bid for votes now button.

    ![4tjogcah07.png]()

  5. Invest
  6. You can invest your steem votes then you will be paid 4.25 STEEM + Curation Daily Revenue if you have 10,000 Steem powers. Your revenue here will depend on your steempower.

    ![yoramnrhpc.png]()

    You can also invest your steempower on smartsteem as seen on the next tab under invest on the image above. You will be paid 5 STEEM daily revenue for 10,000 steempower delegation. The revenue depends on your steempower as seen clearly on the steempower calculator.

  7. Balance
  8. With this option, you can transfer your earnings from Smartsteem.com to your Steem-Wallet. You can also add any memo and also can leave it as default.

    ![97zfn9p988.png]()

  9. Settings
  10. Next to the balance option is the setting option where you can manage your Delegation, Promotion, Payout, Vote-Selling, you can even set your payout to automatic as you like for 1-7 days. Each of these can be customized in their various tabs as seen on the image below.

    ![qi2pa8t2x2.png]()

  11. Tools
  12. Here is a portfolio tracker. You can set it to display your assets on any steem accounts you specify. It takes care of your privacy, saving your data only in your browser.

    ![9eydt33mww.png]()

  13. SmartMonsters
  14. Here you can buy steem monster booster packs and you may receive a 5% through a loyalty reward program.

    ![ip10t83v5o.png]()

  15. Referals
  16. Through this option, you can refer other steemains to smartmarket and you can easily get some extra income by referring them. you can use referral link and can also use banner under your posts to promote smartsteem.

    ![zkojinc2kc.png]()

Weaknesses and Recommendations

  • New users to steemit rarely have up to 0.1 SBD/STEEM in their wallets, so in order to make the promotion of small users more effective, the minimum amount of SBD to promote a post should be stepped down as minimum as possible.
  • Aslo, to make smartsteem more secure, a password or pin system should be provided and so it will not depend just on steem keys.

Rating

The aim of steem is to promote and reward quality content. To make steem a better place, smartsteem is the first promotion and investment service that is mainly focused on quality content. It therefore accomplishes the aim of steem. You can buy upvotes directly from smartsteem, it help small usere to grow, it also help users with huge amount of steempower that do not have much time for steemit. It is therefore an important and valuable DApp and so I am giving it a 4/5 star rating compaired to other similar DApps.

I find this contest helpful and valuable. Thanks to @Oracle-d.tasks and @dapplovers.

All images except the one stated are screenshots from the smartsteem website

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