In my continuing posting about some of the applications on the STEEM blockchain, I thought I would write a bit about 
For those who are unaware, this application became a trend setter. This was the first app to offer out tokens in exchange for SP delegation. I remember when this was announced, their delegation amounts went through the roof. Every so often they post an update of all that was issued and the amount is stunning.
This model was since followed by a number of different applications seeking to improve their standing on the STEEM blockchain. It is also the reason why, I believe, there was a shift in focus from individuals to applications. A great deal of the voting is now done by applications to the users on their platforms. This enables the smaller accounts to garner sizable upvotes they otherwise would not get.
There was a recent post by the
Fortunately, all is not lost. They are going to take those token and add them into the other aspects of the reward/promotion pool enabling the individuals who support that application to take home more tokens. This is an added bonus to all their supporters.
What really interested me about the post was a projection they made. I like the growth of the application which is showing a nice uptrend which I believe is healthy for the STEEM ecosystem.
It is interesting to see the upward movement since the beginning of August. I am not sure what set things in motion to that degree since I would believe it outpaces the overall growth on STEEM. Nevertheless, it shows this app is getting a lot more popular.
That said, he is what really excited me:
Steemhunt has about 19K monthly active users at the moment, and our goal is to make at least 300K active users by the end of this year.
https://steemit.com/steemhunt/@steemhunt/hunt-token-airdrop-will-be-revised-or-sponsor-report-21
Are you kidding me? 300K users by the end of the year is their goal? That is a 15 times growth from where they are now.
The question is how possible is this? I will admit that I have no information other than what was published about their plans for the next few months. It is obvious from this there is something up their sleeve. Certainly, there must be some type of plan to increase at such a rapid rate to make a public statement such as this.
What is most exciting about this aspiration is that the entire STEEM ecosystem has roughly 50K transacting accounts a day. If they get 300K monthly users, using the ratios on their chart, they will have over 30K daily active users, roughly 60% of all of STEEM right now. That is a very big number for one application.
In my reading of some of their past posts, I know the goal is to be a lot more than just a hunting site. They seek to be a multi-tired ecosystem providing many different benefits to not only hunters, but those who seek to promote their products. It is really going to be fascinating how this all unfolds.
I often cite the fact that tokens created using the SMT protocol have a distinct advantage. The fact that all those tokens are going to be paired with STEEM means that any token on this blockchian can be swapped for STEEM, hence used to increase SP, if one desires to do that. There is nothing that says one has to swap the SMT out. In this case, with their aspirations of the
There is always the possibility that an application token actually becomes more valuable than STEEM.
Either way, I find watching the
Let us all hope they pull it off.
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Nothing I write is to be considered financial advice. This is all for informational purposes only. Do you rown due diligence and make decisions of this nature based upon your own conclusions. What I write about STEEM, Steemhunt, or any other project is just words on a screen. Seek out the proper expertise from the proper parties before making any financial decisions.