Goodbye Google-Hello SMT from Steem!
I have done online marketing for years. Having to use Google Adsense to monetize my blogs. Well guess what. All that is fixing to change! Goodbye Google,Hello SMT
https://steemit.com/steem/@ned/announcing-smart-media-tokens-smts
Introducing SMT by Steem!!! This is going to pave the way for online marketers to have a whole new,better monetization platform now.
Can you just imagine all the Millions of blogs online that will have the option of monetizing their blog with SMT.
https://steemit.com/steem/@ned/smart-media-tokens-why-we-re-doing-it-video
I am telling you folks,this is HUGE. Think about how a ordinary blog now can have SMT on his blog and readers can compensate that writer with a SMT. OR at same time, a blog could also compensate the reader ;)
Read the SMT whitepaper here: Whitepaper
Comments Widget
Publishers can quickly launch an SMT on their site by offering a Steem-based comments widget that integrates into existing blogs built on platforms such as WordPress and Blogger.The publisher could take a percentage of the tokens (called “Shared Rewards”) and distribute the rest to the commenters on the site.
This model also creates a business opportunity for developers who want to build the next generation of crypto-enabled Disqus-like companies.
This is the Next Big Thing. Are you ready? What do you think about the new SMT whitepaper ? Lets discuss this, and let's discuss different way's to use SMT..Please post your idea's below.
Image source and quote from https://smt.steem.io/
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i posted about this impact on influencers as well today. it's big news. steemit is certainly gonna be one of those platforms that makes it.
Awesome @teamhumble.. I going to go read it now
Well great to see some new improvement, need to read the whitepapere when I get some free time. so basically steem will be a smart contract token now ? or is SMT a total new token?
Basically more like a smart contract in a way.. You will be able to basically hold an ICO on the Steem blockchain :)
Steem-based comments widget could be a real boom for small web sites and blogs
This is really a promising project. Adsense lost relevance for me)
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So to start the discussion off, I can see monetizing regular everyday blogs with SMT. Instead of using ads. can use SMT.. This should be fairly easy to implement..
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The end of a huge internet era, and the beginning of a new one!
I have been losing sleep laying awake at night thinking about all of the many possibilities when this is implemented! I need more funds to invest in Steem!
To be honest, I don't see how this works for a regular blog. By my reading of the whitepaper you're not bringing the STEEM token to your blog, you're bringing your own SMT token to the blog. Sure you can reward people with your very own MyBlogToken, but what good does that do them if your tokens have no value? I mean how would they get any value unless you have people actually buying those tokens. That could be you - you could be buying your tokens for $ creating a value but where does that money come from? How are you rewarded by your blog to do that buying? Well you'd have to sell advertising, or allow a third party pay with those tokens to put their own "promoted" content on your blog.
I don't see any evidence yet that an SMT promoted content ad-agency is in existence yet, or even if it will ever be. Do you see that kind of thing on Steemit? Sure there's a promoted content tab but do you ever look at it? I don't.
So I think you'd be back to using plain old Google AdSense as before, ploughing some percentage of that revenue into buying your token to give it value, and hoping that SMT drives lots more traffic to your site which increases your ad-revenue which you re-invest which drives up your token price which brings you more traffic etc. etc. in a wonderful virtuous circle.
But yeah, at least for now - I think you won't be ditching putting ads on your blog anytime soon.
And if all that sounds a bit complicated for a one person blog to do - it is. I'm pretty certain you'll have to use a 3rd party service that would set all that up, manage ad-placement, the token reinvestment etc. etc. for a cut.
At least until there is an ad-network that can place inventory on SMT powered sites using the promoted content mechanism. But I really don't know how that would work.