As I was just going through my feed now, I came across a post by @jrcornel. You can check it out here. He talked about how steemit, steem and SMT has been in the news lately because of the announcement made by CEO @ned about SMT last week.
Initially, I didn't understand what SMT was and how it can and will affect steem positively until I read the white paper some days ago and I've been trying to write a post on it.
In a lay man's term, what it means is that, for those that have a blog or website hosted somewhere else not on steem blockchain, you can turn your blog or website to steemit. That is, the way people are rewarded for writing a good content on steemit can be reciprocated on your website.
You can reward people for writing good comments on your post which will serve as an incentive to your followers/readers through the purchase of SMT which is of course link to the steemit blockchain.
Advertisers can also use the SMT for advertising and we all know how much people spend on advertisements annually. This will be very huge as more advertisers will get more value using SMT for advertising as they will be able to reward people with steem and this will drive the demand for steem up and this will in turn increase the price of steem.
So many analysts have predicted the price for steem to increase greatly in the coming months and with the media talking about steemit, steem and SMT I know that the price for steem will soon increase.
I'm a member of the largest steemit telegram group which comprises of people from all around the world and we talked about SMT last night and the importance of powering up you can join this group via this link http://t.me/steemitdotcom
We can't wait for SMT to be released as we are already thinking about how to use it.
My advise is, STOP WITHDRAWING AND START POWERING UP. You will be happy you did.
Steemit is the future and I'm happy I'm part of the future.
Thank you for reading.