Swapsteem - SWEET token to be converted to Miner token

in #swapsteem5 years ago (edited)

Hello Steemians,

As a Team of Entrepreneurs, Thinkers and Developers at @swapsteem, we have been working on a lot of things to promote the steem blockchain and make it reachable to anyone on the globe.

What is SWEET

SWEET (Swapsteem Engineering and Enhancement Team) Token is a token issued on the steem-engine platform by @swapsteem. The token was created with a vision to pay the team members for their contribution to the project but has been opened to everyone so that anyone can be a part of the team and contribute to overall development of swapsteem. This includes holding, staking and trading of tokens as well as other contributions like promoting the platform and it's services and doing the development of the open source application.

What is STIP

STIP is a token that can be rewarded to any author on steem by commenting on their post with command !stip. The tipped user gets 10 STIP tokens from the tip pool. 50% of the STIP tokens are reserved for the Tip pool to be distributed via the !stip command.

We also have created Sweet-Bot,a discord bot that allows tipping with steem engine tokens on discord. @banjo is another bot that provides similar feature of tipping with steem engine tokens.

What is mining

In the crypto world, Mining is way to claim newly inflated tokens. Bitcoin is mined using special hardware called ASICs while Steem is mined via custom strategies called Proof of Brain and Delegated Proof of Stake.

SWEET and Proof of Stake Mining

SWEET token will be used as a miner token to mine the STIP token. Other tokens created by @swapsteem will also be added to the mined token list. 40% of STIP tokens will be mined via PoS mining based on users SWEET stake. Everyday 10,000 tokens will be distributed among the stakers of SWEET tokens.

The SWEET SCOT

We are using our in house solution for PoS mining and Distribution via comments feature built under the @steem-automation project.
If you are a token owner and interested in using our SCOT services, you can join our discord and discuss your use case with us. We are offering the SCOT services at affordable prices to help you start off with your own communities.

When Launch

Mining of STIP token via proof of Stake and Comment based distribution starts 15th July, 2019. You can buy and stake your SWEET tokens at cheaper price till we announce the launch of mining and distribution.

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Very cool, I guess that 70 Sweet I picked up a while back is going to come in handy :) You HODL you never lose! Nice to see fresh development coming through, hows things coming along with steem connect V3 connectors?

Thank You @swapsteem for the Additional Knowledge and I Staked my SWEET This Morning after I read this Post........

@swapsteem,
rewarding content by using $trendotoken

Cheers~

Congratulations @swapsteem, Your post has been trended by @theguruasia!
You’ve got 8 TRDO & @theguruasia got 2 TRDO!


To view or trade TRDO go to steem-engine.com
Token distribution bot developed by @swapsteem & @ali-h

Sorry, @swapsteem, You can not Reward TRDO Token, You must have Atleast 100 TRDO tokens to Distribute and use this Bot.


To view or trade TRDO go to steem-engine.com
Token distribution bot developed by @swapsteem

Congratulations @swapsteem, Your post has been trended by @swapsteem!
You’ve got 8 & @swapsteem got 2 TRDO!


To view or trade TRDO go to steem-engine.com
Token distribution bot developed by @swapsteem

Congratulations @swapsteem, Your post has been trended by @swapsteem!
You’ve got 8 & @swapsteem got 2 TRDO!


To view or trade TRDO go to steem-engine.com
Token distribution bot developed by @swapsteem

Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq

Don't have too many, but have staked whatever I have.

... and a nice & brilliant move.

Wish you a lovely day.

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

@swapsteem, Steemengine gave an opportunity to everyone to taste the Mining essence. Your decision sounds exciting one team and hoping for productive results ahead. My good wishes are with you. Keep up. 👍

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