hey man, i put a disclaimer in there that i was shooting from the hip because I hadn't had the time to fully research it yet! :)
...but what I assumed was that you had to own steempower (2 year drawdown period). even if it's just steem and not steempower though, you still need to put the cash up and hold it in your account to get in the game.
RE: Contrarian Take: 5 Reasons SMT's will send steem to ZERO