More Info on the Smoke.IO Advertising
Hey guys, earlier today I mentioned how Smoke.IO had rolled out ads on their platform. I thought this would be interesting to Steemit and to you guys as I know Steemit had talked about doing that in the earlier days. I was finally able to find a post which explains more about the ad network and what ad revenue will do for the platform.
You can read for yourself below, but essentially right now they are running an existing ad network, once they have their own internal ad system built people will use the native crypto to buy ads on the platform.
Smoke.io Advertising MVP & Partnership
Cartoon by @ladaural
We have been working hard to bring the best possible user experience to the Smoke community while at the same time expanding our user base through various initiatives.
We are extremely proud to reach over 4200 accounts registered on Smoke and over 4000 Unique Visitors per day!
Advertising Plans
We are excited to announce our partnership with Mantis Ad Network, one of the largest cannabis advertises on the planet.
You may notice a banner ad appear on all pages. These ads are served by Mantis Ad Network and will provide an income for Smoke.io.
This will act as an MVP to trial ads on Smoke.io until Grow Advertising (Previously known as Smoke Exchange) is built and allows for bidding for smoke.io ad space directly in Smoke coin!
Until further notice, these funds will be used in the following way:
50% - Purchase ads on other cannabis websites.
50% - Purchase SMOKE at market rate on Rudex*.
*Buybacks will take place on the payout dates from Mantis and SMOKE purchased will be burnt.
With the ads in place, we look forward to using this opportunity to bring some fresh faces into the Smoke community and show real-world value!
Until the next update... Happy Smoking!
It is good they are trying to work in another revenue source. Same thing with Scorum. The premise of the way Steemit Inc operates almost makes it to where the adoption has to out pace the dumping of their coins and then everyone else trying to earn an income off the platform. It is like constantly chasing a carrot and trying not to get dumped on. There is no reason why the greatest example of an actually usable platform being built on a blockchain should dump 95% from its highs like some slimy shit token. But there is no additional revenue streams to really support the prices on the exchanges.
It is like chasing a carrot exactly. Without revenue streams what is it really worth other than a store of value really. That is worth something but how much really?
It's worth what anyone is willing to pay for it just like any market. Hahhah.... how many new people want to chase the carrot as well? lol