Changing the Game with Steem's Smart Media Tokens

in #smt4 years ago

Have you heard the news? Steem is going to have it's own "Smart Media Tokens" soon!


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What is a Smart Media Token? It's a token! A token that you can create through the Steem blockchain! I know, right? Isn't that amazing?

You too will be able to run your own ICO! Who cares if it's legal or not? Just do it! If anyone can do it with Ethereum's ERC-20 tokens, then we should be able to do it here. And soon, we'll be able to!

Have an idea for your own community that will make origami posts? Create a Steem token for it!

Want to run a haiku poetry contest in your poetry community? Create a Steem token for it!

Do you want to give away tokens for other people to buy your votes? Create a Steem token for it!

Are you trying to raise money for your own Steem clone? Create a Steem token for it!

Don't think new users are confused enough already about the two tokens for Steem and cryptocurrencies in general? Create more tokens for them!

This is a sure win for everyone! Go buy as much STEEM as you can right now because STEEM is going to be the next Bitcoin!


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Nevermind that! Just know that this will send STEEM to the moon! I heard it will go to $10 soon! A great and respected influencer told us so!

Well I hope this was informative. I'm glad I could teach you all that you needed to know about Smart Media Tokens. I love Steemit! This is the best internet community ever! You are all like family to me!

One last thing before I go.

Do you think that I should go to SteemFest? Let me know in the comments!


SGL


All images attribution-free from Pixabay.com

If you enjoy my posts, please upvote, follow me, and Re-Steem!

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Second resteemed article about smt in a row, but yours made me laugh!

"New users confused over two tokens...make another token for them" -- comedy gold man!

The Steemit team provides the comedy. I just put it into better context for you, the loyal users!

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Don't think new users are confused enough already about the two tokens for Steem and cryptocurrencies in general? Create more tokens for them!

Yup, not even only the new users!

I'll buy your tokens if you buy my tokens.

token 4 token?

Steem has a lot to recover! But lt’d be optimistic!

Excellent effort from the team! I am Looking forward to some exciting times ahead! Now people can monetize all kinds of websites, blogs and forums with this tech! this could be a complete game changer.

Upvoted for snarky humor and a laugh!

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thanks for post

My daughter found a Canadian coin the other day and I saw the Queen's face on it and I was like, why the fuck do Canada have the queen on their money. It's no longer a British colony is it?

Cg

canada is a constitutional monarchy with the queen of the commonwealth as our head of state. literally mid-atlantic the queen of england becomes queen of canada.

Wow living in the UK and not knowing that; quite ashamed of my own ignorance there! lol

Thanks for the lesson, I shall pass it on :-)

Cg

the average Canadian doesn't know either so don't feel bad :)

Lolz, that's good to know :-)

Cg

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Wow thanks for breaking this smt down, I heard about it first from a friend but didn't quite understand. I guess your explanation is simpler

What's the point of having 12 billion tokens, each of which is only used by like 3 people?

I don't know. But, tokens! Lots and lots of tokens! Right?

Am new on steemit, I tell you that am loving what am seeing here every single seconds.... This is amazing, nice post.

Useful ! Thanks !

That was funny ! vote + a follow !
and HELL YES, go to steemfest if you are able ! lifetime memories !

An SMT will be traded through STEEM, so we won't have a bunch of SMTs and STEEM just one of them. We will have STEEM, and then a bunch of SMTs on top of STEEM. Market-wise, this will most likely boost demand for STEEM, as a token. Also, the SMT generation mechanism is way more complex than just a token issuance on the Ethereum platform. When you launch an SMT, you literally launch a thin layer of Steem-application-processes on top of your content, including your own rewards pool, your own inflation model, your own voting and curation algorithms and your own vesting mechanism.
Hope this helps.

I need a token so people can convert it to STEEM!

Just giving people STEEM seems stupid, and since the site earns no fees from transactions, adding another token just makes sense!

Adding more steps to cashing out is all anyone's ever asked for and now Ned has found a way to do just that!

Plus as an added bonus, now our wallets will be filled with thousands of shitcoin spam on top of the current STEEM spam! I remember the Community asking for more spam, well now you've got it!

#itoken4token!

How do I create steem token.
I am new

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hhhmmm so interesting.. great post @supergoodliving.. made me think of investing.. thank you..

I need guidance from you to earn more dollars and become a successful steemian :)