Are you confused about the exitement surrounding Smart Media Tokens (SMTs)?
Do you struggle to understand the fundamentals of steemit platform, are you lost in an ocean of explanations and informations?
I will try my best to explain you the basics, take your time to digest the informations.
Why steem Blockchain is revolutionary?
. Very smart ecosystem where users and holders are rewarded.
. 10% annual inflation rate , each day steem tokens are created and distributed to contents creators and active users. Compared to steemit users adoption rate over 200% in 2017 price have only one way to go.
.Each steemit user is a shareholder of the platform as soon as he participate in the social networks or simply buy steem token on the market, hold and vote.
.Holding steem give you the power to rewards great content by voting and helping the adoption rate. voting reward you with curration rewards egal to 4 to 15% annual interest.
.Steemit platform is the crypto killing app boosting crypto adoption rate with thousands of new users per day pouring into crypto space. New users don't even have to understand how it work to start enjoying the benefit of the technology === Real use case.
.All hard data are available, investors can track adoption rate and invest accordingly compared to others crypto tokens where speculation is high and real use case low.
.Steemit.com classed top 2000 world website in Alexa rankings in the first year of beta version.
.Top 3 crypto community.
.100 000 transactions per seconds versus 6tps for Ethereum and 3tps for Bitcoin . No scalability problem for us.
.Low transactions fees cost permit basic actions : voting , posting, micro payement...
.Fast transactions permit responsivness of apps, steem and steem$ can be use as digital money not only store of valu.
.More and more steem interfaces and apps use case with Dsound, Dtube, Steemir...
What happen with Smart Media Tokens (SMTs)?
Steem blockchain enter into a new dimension and the SMTs announcement drastically improove Steem valu.
.SMT's will permit to tokenize and monetize human social activities on internet expanding the powerful steemit ecosystem to digital contents via ICO fund raising.
.Democratize the benefit and access to tokens powered by Steem blochckain technology giving the possibility to every website or content library on Internet to create a tokens via SMT ico integrated into its interface.
.Give simple acces to Steemconnect to handle wallet and transfert capabilities, break down technical barrier to embrace blockchain technology.
.Leverage steemit blockchain technology and use the power of steemit ecosytem for all digital contents that would like to create a SMTs .
.Proof of Brain concept : emphasize the human action and participation required to distribute tokens to community participants.
.SMT's directly incencitive users to participate in networks and applications meanwhile entrepreneurs are directly funded by users , public or private investors. users rewards ecosystem encourage community members to add valu and help adoption as shareholders.
.With SMTs token entrepreneur have the flexibility to create the ecosystem they need ( inflation rates, algorithm model for token distribution...)
.Use the steem voting system to distribute direct valu to active community users.
.Bring crypto assets to the mainstream. SMT's will trade against STEEM accross the Decentralized exchange with 0 trading fees.
.Decentralized token markets, automated liquidity providers, large ecosystem tools
What does it change for steem price?
.Steem is the gateway token for assets issued on steem blockchain via ICO, acting as trading pair for all Steem's SMTs
= Demand increase for Steem.
.Steem supply is locked into liquidity Pools by automated Market makers. Each SMT's rise the demand for steem to be locked in liquidity pools wich represents a decrease in available supply whereas demand increase to achieve the bandwidth allowance needed to perform at their highest possible rate of return in SMT ecosystems.
= Supply and liquid steem available decrease.
.Steem demand increases with proliferations of SMT ICOs net effect > 0 because of the new attention given to steem by investors and the fact once ICO issued using Steem as payment, Some of STEEM token raised are held by ICO issuers.
.Steemit network act as advertising network for all futurs SMT's and ICO, it is a real use case demonstration of security and content beeing digitally monetized by token.
By law of supply and demand , steem price will increase more and more Ico's and SMT's will be issued on steem blockchain.
The SMT's annoucement is simply a game changer for the use and future valu of steem.
It's hard to valu the impact of such change, i estimate Steem marketcap to be in the 1 to 2 billions territory next 6 months.
I advice to buy steem and hold strong because steem demand from ICO's will add up with Steemit hold friendly ecosystem.
In fast demand increase scenario a good part of steem supply simply can't hit the market because it take 13 weeks to fully power down , price can skyrocket fast, and steem users have great reasons to hold anyway.
Thanks to steem blockchain ecosystem!