Take Time To Learn About SMTs

over 4 years ago (Edited)

If you've been hanging around Steemit for some time you may have heard of the term Smart Media Token or SMT for short. A lot has been made of the launch of SMT which has been delayed for some time but now looks to be back on track and it's got quite a few people excited about this new development.

Once SMT's launch STEEM will have its own native token system like Ethereum, Tron and EOS which will allow individuals and companies to create their token economy or business on the STEEM blockchain.

Why SMTs?

SMT's will look to take the pressure off STEEM in terms of development and provide independent businesses with the opportunity to create reward systems with the underlying technology but change the way it works to suit their needs and community.

These communities would need to hold STEEM to create SMT's meaning plenty of STEEM could be removed from the open market and held by dapp owners and businesses who want to run an SMT and reduce the amount of liquid STEEM on the open market and hopefully improve the price of STEEM and create a more stable demand for the coin.

How will SMT's work?

Once SMT's launch new dapps and sites can be created that can copy the steemit system or refine it to work for them and reward their users using their own token. Users will then be able to take those tokens and trade it for STEEM, SBD or other SMT's on the internal market.

This will create unique trading pairs against STEEM and provide added opportunity to trade with STEEM or against STEEM without ever leaving the ecosystem. Imagine being able to trade cryptocurrency but owning the keys to your own wallet.

Are you excited about the launch of SMTs?

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33 comments

@ceattlestretch 54

over 4 years ago

Thanks for the explanation, interesting

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@purepinay 76

over 4 years ago

!ENGAGE 100

Posted using Partiko Android

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@misterengagement 57

over 4 years ago

There has already been too much ENGAGE today.

^{To view or trade ENGAGE go to steem-engine.com.}

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@oldtimer 76

over 4 years ago

On steem engine, you can already see how it works in real life.

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@purepinay 76

over 4 years ago

!ENGAGE 100

Posted using Partiko Android

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@misterengagement 57

over 4 years ago

There has already been too much ENGAGE today.

^{To view or trade ENGAGE go to steem-engine.com.}

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@gingbabida 67

over 4 years ago

Great! This is exciting! 😍

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@purepinay 76

over 4 years ago

!ENGAGE 50

Posted using Partiko Android

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@misterengagement 57

over 4 years ago

There has already been too much ENGAGE today.

^{To view or trade ENGAGE go to steem-engine.com.}

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@akumagai 68

over 4 years ago

Can you provide more context or elaboration on these Smart Media Tokens? And won't these different communities just drive us away from steemit?

Posted using Partiko Android

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@steemitboard 66

over 4 years ago

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@foxkoit 76

over 4 years ago

Soon we see how it works ... I want also see what they make :)

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@purepinay 76

over 4 years ago

!ENGAGE 100

Posted using Partiko Android

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@foxkoit 76

over 4 years ago

ok ...ok :)

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@misterengagement 57

over 4 years ago

There has already been too much ENGAGE today.

^{To view or trade ENGAGE go to steem-engine.com.}

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@videoaddiction 70

over 4 years ago

Thanks for the information, I was looking for it.

Posted using Partiko Android

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@blaogao 58

over 4 years ago

Hope earlier will happened

Posted using Partiko Android

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@purepinay 76

over 4 years ago

!ENGAGE 50

Posted using Partiko Android

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@misterengagement 57

over 4 years ago

There has already been too much ENGAGE today.

^{To view or trade ENGAGE go to steem-engine.com.}

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@meditations 60

over 4 years ago

Interesting and confusing at the same time.

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@purepinay 76

over 4 years ago

!ENGAGE 100

Posted using Partiko Android

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@misterengagement 57

over 4 years ago

There has already been too much ENGAGE today.

^{To view or trade ENGAGE go to steem-engine.com.}

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@madushanka 78

over 4 years ago

@purepinay, Well explanation about SMT's. I'm really exciting about launch of SMTs. I believe SMTs bring huge value.

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@imran101 32

over 4 years ago

It would have been nice to have discussed this project in more detail, but it is not well understood

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@jaylordlobitana 55

over 4 years ago

Yeah, and SMT is a really great help especially to the planktons like myself.😊

Posted using Partiko Android

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@bluengel 71

over 4 years ago

Go Go Go SMT 💙

Posted using Partiko Android

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@waybeyondpadthai 79

over 4 years ago

I so am excited about itttt 😊😊😊

Posted using Partiko Android

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@marinmex 72

over 4 years ago

SMTs letters that fill our eyes to want to continue learning and discovering in this interesting ecosystem, we pray that these changes are for the good of all. Happiness always friend @purepinay

Posted using Partiko Android

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@steem-plus 74

over 4 years ago

Hi, @purepinay!

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