RE: SMART MEDIA TOKENS (SMT) EXPLAINED!

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SMART MEDIA TOKENS (SMT) EXPLAINED!

in cryptocurrency •  7 years ago 

Thanks for this introductory article!
I don't fully agree to the comparison to SBD though. SBD are an experimental coin that tries to keep a stable USD exchange rate of 1 by witnesses stating exchange rates (and then taking the median over all witnesses) and then rewarding users according to derived market forces. In contrast, SMTs would just be subject to open market trading. I'd rather call SMTs little siblings of STEEM coins :)

cryptocurrency
7 years ago by

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      ·  7 years ago 

    Nice analogy there. Little siblings. Yes, SBD are pegged closer to the dollar--as long as witnesses are doing their job (or what seems to be their job). Sometimes I think maybe they ought to not peg it so close, though. I'm on the fence about it.

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