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RE: STEEM - Still sitting on the small support just under 0.24$

in #steem • 5 years ago

it can create demande by asking to SMT creator to power up a certain amount of STEEM to be able to create their SMT. Exactly what Steem-Engine is doing now with the ENG tokens. In fact, Steem-Engine is doing well the job, the only problem is that all their processed is not based on STEEM but based on their token ENG

5 years ago in #steem by
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     5 years ago 

    Okey, that make sense @cryptopassion

    I'm just wondering ... Steem Inc is apparently selling 800k STEEM monthly (that's what I've read several times). Can even SMT really slow down this selling pressure?

    I can only hope that SMT will require STEEM not only during creation of their SMT.

    Cheers
    Piotr

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       5 years ago 

      read that article from one of the creator of Steem-Engine :
      https://steempeak.com/steem-engine/@aggroed/steem-engine-powered-tribes-pricing-guide-for-creating-and-distributing-smart-contract-community-tokens-scot-through-steem

      You will understand how they are creating value for their token ENG and so Steemit must do the same but instead of ENG, they must use STEEM

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       5 years ago 

      Thank you for sharing that link with me @cryptopassion

      I appreciate it a lot. Will check it out right away :)
      Yours, Piotr

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