Public Ownership of a Magazine – A new use case for SMT's
Tokens allow people to share any sort of property, below is an example of how SMTs can be used to share ownership of an Steemit Account and distribute the revenues generated to all token-holders.
Step 1.- Create an Steemit Account, for the sake of this example let’s call it “Magazine 1”.
Step 2.- The ownership of that account will be represented by a token called “Token 1”.
Step 3.- Create an ICO with the SMT´s tool, people who buy into the ICO will receive Token 1 and have a share of the account, entitling them to a percentage of the Post Rewards.
Step 4.- Set a Reserve percentage for the coin in order to allow instant liquidity for people who wish to sell or buy the token.
Step 5.- Vest the remaining Steem obtained from the ICO in the form of Steem Power.
Step 6.- Start writing content on Magazine 1, you can incentive people to write on your magazine in exchange of Token 1.
Step 7.- Use the posting rewards obtained to Buy Back Token 1 on the internal market and send them to a burn address, effectively reducing Token 1 circulation and increasing its price.
This is good for the coming future where it will advance because I see Steem having a lot of potential , future potential
thank you for info
Its so good. Most important post you share @chitty
Thank you.
Have a nice day!!!
great job .... thanks for shearing
Good post Public Ownership of a Magazine – A new use case for SMT's, i have upvote and reestem nice
I will do as you suggest.
That is quite an interesting concept, I definitely did not think of the SMT to be used this way. It seems the possibilities are endless because I'm reading many people with different ideas of usage for the SMT, but this is definitely a creative way to use it. - Cool idea !