STEEM is rising and here is why! (Plus South Korea bans ICOs)
Steemit breaking News!!! Check this out!
Steemit is releasing SMTs! Smart Media Tokens!
Update from Suppomen! Best Cryptochanel!
Min 7:00 STEEM is rising and here is why! Min 7:00 (Plus South Korea bans ICOs)
Thanks Suppo for sharing! best Män in the game!
IS STEEM THE NEXT ETHEREUM???
GitHub:
https://github.com/steemit/smt-whitepaper/blob/master/smt-manual/
manual.md
Smart Media Tokens (SMTs)
A Token Protocol for Content Websites, Applications, Online
Communities and Guilds Seeking Funding, Monetization and
User Growth
Steem’s
Smart Media Tokens (SMTs) give anyone the power to launch and sell
Proof-of-
Brain [1]
tokens, which are tokens distributed by “upvote” and “like”-based algorithms
and can be integrated with websites to align incentives and spur growth, while websites are
empowered to adopt sustainable, currency-centric revenue models. This model has been
tested and continues to be proven by:
-steemit.com
-busy.org
-chainbb.com
-dsound.audio
-dtube.video
and other Steem interfaces, which are monetizing content, tokens and media
in a way never before seen.
Several popular token protocols, such as Ethereum’s ERC-20, allow you to create and
launch arbitrary tokens, but no protocol enables content businesses to leverage those to-
kens by aligning incentives between users and applications. Due to suboptimal transaction
cost structures that incur fees for basic actions such as voting or posting, misalignment
of interests between meta and core tokens that aren’t built for influencing distributions
based on Proof-of-Brain, private key hierarchies that don’t cater to social versus financial
operations, and slow transaction speeds that are out of sync with real-time websites - none
of these protocols could ever provide an acceptable user experience for content websites,
such as Twitter, Reddit (even subreddits) or The New York Times.
For content websites and tokens, incentive alignment between websites and users comes
from a steady, as well as decentralized and mathematically guaranteed, release of new
tokens, and incentives that must be allocated to the users - including bloggers, vloggers,
commenters and curators. The distribution of new tokens occurs based on stake-weighted
voting to prevent gaming and eliminate the need for a counterparty. Quality user experi-
ence comes from tokens that can be transacted safely (through separate private keys for
distinct sets of actions), without fees, and at real-time speeds. Further incentive align-
ment comes from a company’s ability to raise capital in ICOs. All Smart Media Tokens
have built-in ICO support, should the issuer wish to launch one.
Download Whitepaper
https://smt.steem.io/smt-whitepaper.pdf
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