Over the past couple of months, we witnessed a surge of positive development on the Steem blockchain. From new interfaces like , inception of
,
building Steem.DAO, fruition of the instantly popular new game on Steem DrugWars, addition of STEEM/USD trading pair on Lykke exchange, to finally having the ability to launch Steem-based coins on STEEM ENGINE but, none of that is what I really want to talk about in today's blog.
The point of mentioning these developments is solely for the purpose of shutting up the FUDders and to paint a clear picture of how, even in the longest bear run to date, development of and on the STEEM blockchain is at full throttle! This just goes to show how strongly people believe in this chain of blocks and how immense their determination to make it the best and most usable one out there, truly is.
Continuing on that note I would like to share another development that is bound to have explosive positive impacts on this place and a number of projects involved in this undertaking.
is in the talks with Daybit exchange to list STEEM/SBD on their exchange and to support temporary ERC-20 versions of tokens which are inevitably going to convert to SMT when the mythical feature is finally implemented. A feature which quite a lot of Steem-based projects were counting on to strive that has been postponed time after time again, halting their development and preventing them from achieving the massive success they deserve. Obviously,
has had enough of the waiting game and decided to take things into their own hands and find a solution to this outstanding issue, which they did.
This is what was agreed upon with Daybit exchange:
- List Steem and SBD tokens on Daybit
- List the temporary SMT tokens on Daybit (such as ERC20) with STEEM trade pairs
- Support fundraising for SMT projects via IEO (Initial Exchange Offering)
- Support token swap of those temporary tokens to the SMT version when it’s ready
- Support fiat currency trade pairs for the SMT tokens that have enough market volume
And here is a list of all Steem-based dapps which agreed to launch their own ERC-20 tokens on the Daybit exchange:
- Steemhunt (
) - https://token.steemhunt.com/
- eSteem (
) - https://esteem.app/
- Utopian (
) - https://join.utopian.io/
- Actifit (
) - https://actifit.io/
- Fundition (
) - https://purplepaper.fundition.io/
- Tasteem (
) - https://tasteem.io/
- Tripsteem (
) - https://en.tripsteem.com/
- Dclick (
) - https://www.dclick.io/
- nTOPAZ (
) - https://www.ntopaz.com/
- Kpop Steem (
) - https://kr.kpopsteem.com/
- dLike (
) - https://dlike.io/
Needless to say, it will be quite interesting to see how these projects will create value for their tokens. That's something I thought about for a very long time now and I'm very eager to finally find out how they plan to achieve it. They certainly had more than enough time to structure their business model and build the economic structure from the ground up. Thus, hopefully this waiting game is going to pay out in the long run.
This is what everyone has been waiting for. A way for Steem-based projects to acquire liquidity necessary to launch their development to the Moon and a way for you who HODL these tokens to dump them on the market in exchange for some more STEEM.
Will these tokens be worth anything when the markets open their doors, is anyone's guess, but as long as there is some sort of liquidity they must be worth something. Anyhow, their price in the first weeks of listing is obviously not going to be the same as these projects continue development, attract investors and grow their user-base.
In the next couple of months, the mentioned projects will have an opportunity to take a major leap forward. Forward, into better a better future for themselves, their users and the entire Steem blockchain.
Who will make the most of it, is again, anyone's guess, but if I had to put my money on it I would say that and
are going to be the ones.
What do you think? Which project will benefit the most out of listing their tokens on Daybit and which token will be worth the most?
Let me know what you think in the comments down below.