You are viewing a single comment's thread from:

RE: Tokenomics 101

in #steemleo5 years ago

Regards esteemed friend @midlet

I really liked your interpretation and analysis. While managing simple language, you managed to convey key points about tokens in general. Your idea of ​​green circles is very practical and I really believe that it involves the main aspects that can add value to any token, whether these are SMT or not.

When you talk about inflation, I imagine you mean Steem Blockchain. Since SMT tokens are based on a fixed amount of supply. But since its value is tied to Steem, then yes, we have inflation for them too.

Announcements: This new modality will definitely bring added value to the tokens. We already have tribes that are implementing them.

Community: Without an activity or theme that manages to group the members of tribes or users of the tokens around their common interests, there will simply be no activity around the token and it will disappear. So for me, the community is the main factor in these green spots. Not for nothing is the most difficult factor to keep positive.
Creating and maintaining a community is an activity that requires time and constant feedback. For this, meeting spaces must be provided, communication channels, activities and, above all, motivate and reward the most active members.

Content: Although lately the quality of content has been abandoned replacing it with card games, bets, sports activity reports and others. Quality content remains the factor that will add great value to any publication and therefore to the token that rewards these publications.

The interdependence between the green dots, is another aspect that we must take into account. If we manage to create a balance between two or more points, we could have the key to success in our hands.

Thank you for your valuable post.
With your permission, I´ll resteem it.

Your friend, Juan

Sort:  

Thanks @juanmolina, glad you liked it. So when I spoke about inflation I meant the SMT tokens as well. They will work similarly to STEEM with some customizable parameters, but they will be inflationary. There is a max supply which is common in just about all cryptocurrencies including STEEM so they won’t inflate forever, but most are set up to inflate for decades if not centuries, for example the last bitcoin will be mined in 2140.

Thanks for responding, you are very kind.

The inflation of the steem blockchain is based on the creation of new tokens every certain number of blocks.
I didn't know that SMTs also created more tokens over time. This is very interesting for me.
Thank you for sharing your knowledge with me.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 68383.66
ETH 2646.07
USDT 1.00
SBD 2.72