[ SOURCE ]
Steemit, We all know about this amazing platform, we are currently using it. It is based on full Transparent Blockchain and source codes that's why it have so many more platform connected to this, Like Busy, Utopian, ChainBB and so on, The reason is that it can be used to reward anything, means you even can have this blockchain in your website for specific reason, Anybody can use it.
[ SOURCE ]
What if i say you that you can create a whole Steem blockchian based platform, To reward peoples with your own made custom tokens? Yes, It is pretty Possible with the Great Invention of CEO of our favorite open source Platform Steemit.
The Idea:
Smart Media Tokens, Yes, This is the amazing open sourced Kinda Tool like which is managed to create your our Crypto's like Steem, SBD and to have that Blockchain in your website, means your own platform.
[ SOURCE ]
Smart Media Tokens are Introduced as "A new way for publishers to monetize their online content and community, based on battle-tested blockchain technology.", These are not any simple tokens, they are the key to kinda Monetize your Online content and community and reward the others though, just like Steemit.
What are Smart Media Tokens?
- The Smart Media Token (SMT) will be just like a native Digital Assets based on the Steem Blockcahin that can be quickly launched by anyone to help monetize online content and create incentives to encourage desired user behavior.
- They are not just like other Tokens, They are gonna be same as Steemit, to reward both Authors and Curators (those who votes) from a specially developed distribution reward system "Proof-Of-Brain"
[ SOURCE ]
Proof-Of-Brain?
"Proof-of-Brain is a type of tokens rewards algorithm that encourages people to create and curate content."
It works like the "Upvote" & Like, whom we can see in Steemit, They encourages the Creator and Curator both because at any kind of work you will receive the Deserved Reward.
[ SOURCE ]
You can manage these tokens on your community very easily, The best thing is this assets will allow you to create your own asset to buildup your community, means you can create your own crypto's for reward just like Steem Dollars and Steem.
You don't have to be any kind of Blockchain/Crypto Expert because this asset will control all the activities of your reward system and the algorithm itself, means you have to only focus on your Community growth. This is confidentially said because we already seen its active example "Steemit" which was released a year ago and still improving and improving means it is always in Beta Mood which helps to make a community more stronger and good to use.
After initial setup, publishers can focus on creating value for their community, rather than worrying about managing the blockchain tech.
The Problem:
It's always hard to get followers and to get paid online, but the creators always struggle for their Content but never gets the profit, For example the huge social platforms never share their revenue with the users. This, Ad-revenue is going to take place of the Ad-Blockers.
Then Why SMT's?
Because its the solution of these all problems, you are now able to create your new tokens and build a strong community which is gonna to reward the users for their hard work and struggle, these Smart Media Tokens will take instant settlement with zero-fees and opens up new non-advertising business, means not only advertising will pay, Anything you will do with heart will do.
[ SOURCE ]
You can now build more communities and start this, Which will help us to create the "real good" content and then we will rewarded for that.
The Creation:
Everybody will be allowed to create their openly sourced assets to grow their communities and take part in this, Will this we are able to create generate the assets for our blogs, website, organizations. They can be a place for the thinkers, Ideas, Contributes, Developers and bloggers etc.
[ SOURCE ]
We all know that it's not so easy to build but SMT's allows it, We know we can't generate such rewards alone but it will make us able to fundraise the communities via the Amazingly Open source based ICO's means Initial Coin Offering which will have a major part in buildup.
The Growth of Steem:
With this amazing Idea, Our Steem blockchain then can be seen in thousands of platforms which will of course make our steemit community more stronger and worthy and will setup a whole new Blockcahin & Open Sourced world in which every body is able to create, curate and review.
These amazing things will be available and live very soon in the upcoming 2018, So go and Join the Waiting List Now! The Official White Paper can be Seen Here
This was my everything with this, we'll ask about the major creations of assets and blockchains in my next post,
Note:- SMT's tokens are full open sourced and backed from Steemit Community which relates and own the open source project in GitHub Here. It's White Paper, As a Repo can be seen in GitHub Here.
Posted on Utopian.io - Rewarding Open Source Contributors