The age of Smart Media Tokens is upon us and projects like @actifit show how the Steem technology can bring abundance to all of us. The fitness app tracks your movement over the day and posts your result to the blockchain. Then, you get upvoted from @actifit and you literally earn money for physical activity. Here I explain my thoughts why I want to become a large AFIT holder.
Usability
With the available Android app millions of people have immediate access to a simple gamification of the Steem system. The free app uses the phones sensors to track your movement and gives you points. Eventually you can post your result to any Steem account and rank against all other Actifit users. All users with over 5000 points get their posts upvoted according to their results.
This system is so simple and intuitive that it has a huge potential for adoption. Fitness apps are incredibly popular and offer a whole market of business opportunities and cooperations. The outcome are healthier people who have more financial freedom through their steady stream of AFIT tokens. Particular in low-income countries where the average internet access happens via mobile phones, this would be adopted with open arms and can bring more abundance to the users.
Profitability
Steem has proven itself as a powerhouse for wealth creation. The inflation rate for Steem Power combined with the massive demand for Steem Power delegations is making Steem a money machine. The same (or similar, depending on the SMT settings) economic principles are true for all coming SMTs and allow all of them to enfold similar powers. Investors will gladly invest some money into something that brings value to others as well as a nice return of investment for themselves.
Let us assume that Actifit is able to grow to 10% of the current Steem market cap value which would be ~40 Million USD. This is a very low estimation if Actifit continues their quick and steady improvements and delivers on the promises. With one billion tokens that would put the price of one AFIT at $0.04 USD. (The final supply might be 1-2 billion).
Bounty Hunting
Being an early adopter during the bounty phase you can start to amass some nice amounts of these upcoming AFIT tokens. I have planned to become at least an Orca which requires usually 50,000 SP in the Steem system. But since AFIT will have ~1 billion tokens, which is four times more than Steem, I want to achieve 200,000 AFIT to balance that out. A $0.04 price would make this stake worth $8,000 and a fantastic passive income when you power it all up and earn further curation rewards.
So, I have upped my SP delegation for @actifit to 5000 SP and with their 1:1 delegation bounty it will take me in theory just 40 days to achieve my goal. In reality, this might take longer because as soon as over 100K SP is delegated in total the rewards will become lower for everyone. One reason more to use the early bird advantage. I just love the opportunities we get from Steem Power delegation in combination with SMT bounties. This is a great new world.
Go over to @actifit to learn more about their other bounties.
Have you delegated Steem Power to any of the upcoming SMT projects in order to earn bounties? Do you participate in any bounty hunting whatsoever? Of course this is all pure speculation. Keep that in mind as this is obviously no financial advise.
My Steem Projects
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| 60 Steem Tutorials with Steemy | The 1UP Curation System |
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| Meet @TheCryptoDwarf | The Animated @SmartBee |