The Best Time to Earn SMTs and Why They Will Be Valuable in the Future

in steem •  9 days ago

The landscape of the Steem blockchain has been morphing recently. Over the past several months, we can see a significant change in the use of DApps.

Steem is evolving. The way we use Steem is evolving. The DApps on the Steem blockchain are evolving. Everything is evolving.

Everything around us is changing at a rapid pace. If you are paying attention, then you can catch glimpses of the future by looking into some of these developments.

I've been really interested in a handful of DApps recently and as I continue to dive into the DApps, learn how to use them, experiment with them and talk to people who use them, I've been learning so much more about where we're headed with all of this.

In my last post, I mentioned that complex systems can create untold levels of abundance.

They can do this because they are complex. Human interactions can happen on such a grand scale that our minds can't even comprehend the implications of these interactions.

When you combine these interactions with a super-charged online community of people who are instantly connected through a wide variety of mediums and are able to not only interact socially, but also economically.. things start to get really weird!! Weird in the best way possible.

Being active on Steem right now is probably the best use of your time right now. At least from an economic relevance point of view.

It is my belief (and the belief of many others) that Steem is the best possible use of our time economically because of the level of abundance that is being created in this ecosystem.

Many people are curious about how the economics will work on SMTs... For example, one of the most common questions I see is "why will we want to buy and hodl SMTs rather than STEEM?"

Why SMTs Will Be Worth Hodling

Every SMT is going to have it's own use case, reasons for having it and reasons for "vesting" it (or whatever mechanism is introduced for hodling the respective token).

SMTs are going to have value because of community. There is no doubt about that part. Without community, there is no value. Pair community with utility and you have an exponentially greater value.

One community that is rapidly growing which has recently caught more of my attention is @actifit... Actifit is a DApp on the blockchain that is rewarding users for exercising and taking steps daily and then sharing their daily report with the Steem blockchain and Actifit community.

Actifit has a very interesting structure and I'm already becoming obsessed with the implications of it. I see many more "Actifit-esque" DApps being released in the near future with their own use cases, but I see these DApps taking on a similar economic model to Actifit because Actifit is killing it!

(From Actifit's latest post about becoming a top 10 DApp on the Steem blockchain):

What really interests me is the way that Actifit is rewarding their users. They are rewarding "Actifiters" based on a variety of metrics, but they are rewarding them with AFIT tokens as well as upvotes from the @actifit account.

One of these metrics that has an influence over how many AFIT and STEEM you can earn is based on your delegated SP and another metric is based on your accumulated AFIT tokens.

Anyways, this turned into a long rant about Actifit, but what I wanted to get at was the fact that having AFIT tokens influences how much income you can earn from using the Actifit platform.

Thus, there is an incentive to accumulate, buy and HODL AFIT tokens.. When they are in the form of a full-blown SMT (when the protocol becomes available) I imagine that we'll see a signficant market for people trying to buy AFIT tokens as well as people selling some of their AFIT tokens for fiat income to actually live their lives.

All of it is very interesting and you have to keep in mind that this is just 1 DApp on the Steem blockchain with 1 type of way to give value to their token... There are so many more DApps that are already out there, so many more DApps that are being developed under wraps and SO MANY more DApps that haven't even been imagined yet. "Exponentialize" that by multiplying those number of DApps by the number of potential (especially potentially unknown) use cases and you get a roughly infinite ;) number of DApps and potential reward structures!

You can tell that I'm excited about the prospect of this future: where the incentive lies in using DApps and integrating them into your daily life and already existing and new passions and creative outlets and actually being able to live on the income that these tokens generate compounded against your hard work on each platform.

Now is the best time to start learning about DApps like Actifit, Steemhunt and others.. Just like mining BTC in the early days, being an early adopter of any SMT/DApp that allows you to earn tokens this early is an incredible opportunity to create a very significant stake without a significant investment.


What's your favorite DApp right now?
Is it allowing you to earn tokens already?
If so, then what are you doing to stack up your tokens on there?

Let me know in the comments below!

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The challenge with SMTs is to create an economy that works and really building unreplicable value around it.

I love to stack Steemhunts, Actifit and Dlike token. I also invested in dlux.io and Appics as well. The best thing to do is contribute to each community. If you place 3 votes and 3 comments each day in every community than you can collect even more tokens from them.
I hope you guys are all using the opportunity it won't last forever!

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Hmm interesting. Thanks for sharing your thoughts on this!!

If you don’t mind me bothering you a bit with specifics: how have you been divvying up your time/efforts between these DApps? If you had to rank them in order of your favorites, how might that look?

I’ve looked into dlux a bit, but was kind of confused by the whole idea. I think I just need to spend some more time with it.

DLike looks interesting as well. How have you been using Steemhunt? I’m curious to know what kind of activities you do on that platform!

Thanks!

Posted using Partiko iOS

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I mostly start with Steemhunt doing at least three comments, votes and sometimes a post as well. They also have the Steemhunt Google extension browser and the Shuffle Button when you use them you also get tokens. Than I will go to dlike and do also three comments, votes and maybe a post.
For Actifit I have a second account and you need the mobile App which counts your Steps. When you have collected enough steps during the day than you can make a post thru the App. You will get rewarded with Actifit tokens and also upvotes from the community.
When you have established a daily routine than you dont need longer than 30 minutes to collect daily tokens.
And don't forget the Steempower delegation option where you collect all tokens just for delegating Steempower.

i tried actifit sometime back but the battery consumption on my phone is really heavy. My current favourite dapp is share2steem

if you’re posting content on instagram, youtube or twitter give it a look. You can get daily auto upvote from them and other users who activate trail.

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Share2steem, huh? I’ve heard a few things about it but haven’t looked into it personally. Thanks for the suggestion, I’m reading up on it as we speak! Sounds very promising!

It sounds like it could be a great way to also promote Steem through normal postings on these other platforms as well. Very cool stuff! Thanks!

Posted using Partiko iOS

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yeah i see lots of potential outreach to get more users outside steemit. Now just need to wait till the new steemit account creation become more accessible and automated, it will greatly help.

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Excelent thoughts! Im starting to participate in some of these daps, mostly @Steepshot and @musing both with good results. Musing is a Question/Answer based platform similar to yahoo answers. Ill question a lot in there, and earn good votes for musing itself (0.5 to 1sbd) they dont have tokens. Im also using steemplus recently, it does have SMT but i didnt earn none yet. Im still confused about all this new stuff.

And great redaction work. Ill hope to reach that level some day, and being a steemian is the best way to improving my skills. Also start writing in english is a big step for me, but every post becomes easyer.

Read any of my if you have time and give me some feedback. This post was like a melody.

I haven't checked in on you in a while Great post and I hope all is well!

Congratulations @khaleelkazi!
Your post was mentioned in the Steemit Hit Parade in the following category:

  • Pending payout - Ranked 8 with $ 138,98

Your post has been hand-picked by an Actifit moderator for Actifit reward as having great content.
Well done!
You've been accordingly rewarded 150 Actifit tokens, as well as an Actifit upvote.
rulersig2.jpg
Actifit..Rewarding Fitness Activity
Vote for Actifit as a Witness
Chat with us on discord | Visit our website
Download on playstore | Download on app store
FAQs | Text Tutorial | Video Tutorial

Your post has been hand-picked by an Actifit moderator for Actifit reward as having great content.
Well done!
You've been accordingly rewarded 150 Actifit tokens, as well as an Actifit upvote.
rulersig2.jpg
Actifit..Rewarding Fitness Activity
Vote for Actifit as a Witness
Chat with us on discord | Visit our website
Download on playstore | Download on app store
FAQs | Text Tutorial | Video Tutorial

I love steemhunt.

We have heard from the community that SMT is the space to watch in the coming months. Likewise to us monitoring the development around SMT and excited to see how we can help.

I have delegated some SP to Actifit. Love that they are encouraging people to exercise and earn at the same time. Kind of no brainer.