Steemit, has announced the launch of a new cryptocurrency product that will seamlessly connect content-hosting websites to new revenue streams, consumer bases, and development opportunities.
This fall, Steemit will release new software that allows top publications, mainstream publishers, and social media platforms to create native tokens based on the Steem Blockchain, allowing companies to integrate a customizable and intelligent token system into their website, portal, or platform.
The protocol enables anyone to launch Smart Media Tokens (SMTs) for their website, app, or community, from The New York Times to Subreddits to an independent WordPress blog, with the potential to create transaction revenue in ways that paywalls and subscriptions continue to come up short. SMTs are designed to reward publishers and consumers with native tokens based upon their contributions to the platform, based on likes, votes, views, shares and comments.