It is fascinating to see folks who joined when crypto was bull run getting discouraged now!
I have read and even seen some folks give on crypto and especially Steemit.This folks joined at i guess a wrong time when the crypto markets were high!
I know it was great joining around December to January because there was quick money...!!
I also remember making some considerable money during that time when the markets were high...the money as there as a matter of fact.
In this post i will be talking about why you should not give up now on Steemit,great things are coming ahead!
Pixabay Image,Source
I know how these last months have been tough for the crypto community,really tough whereby prices keep falling and falling.
I have been reading news though that signal great times ahead for the crypto community.I have read stories of how many exchanges are expanding to different countries,like Binance launching a fiat-to-crypto exchange in Liechtenstein.
If you have been reading about bitcoin and blockchain you must have read the great news somewhere!
I will just concentrate on Steem today though as it is what i believe in the most!
The Number One Reason Why You Should Never Give Up on Steemit Now.
SMTS SMTS SMTS.......and Again SMTS!
I know if you are less than 4 months on Steemit,you might not understand what SMTs are or the potential they hold!
First things first,let me define what SMTs are
I will quote from a recent blog post by
Smart Media Tokens are a token-launching protocol similar to ERC20s on Ethereum, but with all the state-of-the-properties enabled by the Steem blockchain, like three-second fee-less transfers. SMTs enable anyone to launch their own STEEM-like token with customizable features including Founders Tokens, Token Emission Rates, Proof-of-Brain, ICO Smart Contracts, and more.
You can read more from that post here which shows when the SMTs will be launched.
Let me breakdown the definition below.
A Smart Media Token(SMT) runs on the Steem Blockchain and can e launched by anyone to help monetize their content,isn't that awesome........anyone can launch a token to either monetize their website content or anything online that has a big user audience!
If you have been in the cryto space,you must have come across or know what an Ethereum ERC-20 token is.......do you also know that the price of Ethereum is hovering around the 300 $ mark?? that makes me believe that Steem can shoot upto 100 $ upon launch of SMTS......(these are my opinions and not investment advice!!!)
I do believe Steem will beat ethereum in the token game with our free transfers,just today i had a friend who wanted to send some of his ERC-20 tokens and guess what....he did not have have enough gas to send them!!!!! So he is now stuck with his tokens,he first has to get some gas before sending the tokens...!!!
I think it is better we take advantage of this upcoming SMTS to take advantage of them in one of the ways below.
1. Content Publishers(website owner)
You can start a website and later monetize it with SMTS by encouraging commenting so that you can upvote the users comments on your website!
2. Forums
YOu can also start a forum of any type and boom monetize it with SMTS.....there is so much potential in SMTS.
I will talk in details on all the possiblilities of SMTS in my next post so that youu understand smts very well.You can check out the SMT Whitepaper
or the SMT Website.
I am sure with the upcoming launch of SMTS,there is a great future ahead of us early adopter Steemians...Keep Steemin and keep stackin that Steem or SP.
If you have not understood anything from this post,just know SMTS will revolutionize Steemit .....just remember the word SMTS.......
Love
Jarau Moses