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RE: TagAI launches $TSTEEM on BNB Chain, joining hands with Steem Blockchain to kick off the process of community tokenization on social media platforms.

in #tag4 days ago

This is an interesting step toward tokenizing Steem on BNB Chain — and the bridge functionality is a practical start.That said, I’d like to offer two critical suggestions for long-term sustainability and trust:

  1. Centralized Custody Is a Risk
    The current bridge sends $STEEM to @tagai.steem — a single controlled account. For a project claiming to enable community tokenization, this creates a central point of failure and trust.
    Recommendation: Transition to a multi-sig wallet (e.g., 3-of-5 signers: community reps, TagAI, BUIDL, independent dev, Steem delegate) to hold the locked $STEEM. This aligns with the decentralized ethos Steem was built on.

  2. Oracle Dependency for Minting
    The 1:1 minting of $TSTEEM relies on off-chain verification. If TagAI controls the oracle or trigger, the token’s integrity is not truly trustless.
    Recommendation: Use a decentralized oracle (e.g., Chainlink or a simple on-chain validator set) to verify Steem blockchain transactions before minting $TSTEEM on BNB Chain. This removes single-point control and makes the system verifiable by anyone.

True community tokenization isn’t about cross-chain bridges — it’s about decentralized ownership.

Just my two cents from someone who believes in Steem’s potential — and wants it to be secure, not just shiny.

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