The New STEEM Economy: MULTI-REWARD

The New STEEM Economy: MULTI-REWARD

Unless you've been living under a rock (and maybe many have when it comes to the STEEM ecosystem), the community has recently begun to get its first glimpse of what tokenization on STEEM can begin to look like. Thanks to Steem-Engine (www.steem-engine.com), we now have a viable alternative to Smart Media Tokens.

And right off the bat, what is clear is the power of replicative communities and specialization. With Scotbot and Nitrous, whole new communities can now have their own clone version of Steemit and/or their own bulletin board forum filtered specifically to a specific tag.

What is most impressive about all of this is that it is entirely NON-COMPETITIVE with typical STEEM interaction. Indeed, it has become supplementary and COMPLEMENTARY.

Your STEEM content creation can now service multiple channels and platforms!

And the ramifications of this is important. The first implication is that one can now get rewarded in multiple ways without changing the effort involved. Another means that STEEM itself can generate more external revenue (read ads/product sales?) because it will cover more digital real estate.

And all of this feels relatively seemless for people like you and me. I can post on steemit.com if I want and still tap into palnet.io or vice versa, for example, because my content will appear on each provided I use the right tags. Same with upvoting - my steem power and my pal power are used regardless of the platform I am on.

So what now?

It may seem complex to have additional layers when it comes to social media. But by and large what this means is that one should begin to HODL not only STEEM but attempt to become whales in their own niche communities.

For example, I plan on continuing to build up my stake in PAL power. Why? Because I believe PALnet addresses a perfect extension of what Steemit already offers. Im not hindered to talk about any one particular subject. I just need to add the tag 'palnet' and I'm now on-topic and capable of being rewarded in both STEEM and in PAL.