Smart Media Tokens Now Live on TestNet!
MainNet launch early 2020!
Hi dreamsrarrintu, you asked for SMTs updates, so here you go! Whether you signed up last week or two years ago, we are very pleased to share with you some important SMT news. Read on!
Smart Media Tokens (SMTs) - What You Need to Know:
SMTs are digital assets on the Steem blockchain that can be launched by anyone to help monetize online content and create incentives to encourage desired user behavior. Unlike Ethereum's ERC-20 tokens, SMTs have built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.
Read The Whitepaper
What Does This Mean?
SMTs represent the single biggest change to the Steem blockchain since the original release. This means Steem is evolving into a platform that provides entrepreneurs tools to release state-of-the-art cryptocurrencies coupled with powerful social resources Steem is known for.
Why SMTs?
To enable publishers to create tokens that help monetize content and grow communities:
Tokens enable publishers to create mutually beneficial community based economic incentives to drive platform growth.
Smart tokens with near instant settlement and zero transaction fees opens up new non-advertising business models.
Publishers can also use the tokens to fundraise via an ‘Initial Coin Offering’ (ICO).
You Don't Have to Be a Techie!
SMTs run on the Steem blockchain, which has been battle-tested since 2016 on the Steemit.com blogging network.
Steem is a zero-fee, near instant settlement blockchain that processes more transactions per second than Bitcoin or Ethereum
After initial setup, you can focus on creating value for your community, rather than worrying about managing the blockchain
Visit smt.steem.com today to learn more about SMTs.
Stay tuned for more and Steem on!
-The Steemit Team-