A potentially rash purchase but a warm fuzzy feeling at the same time. Can you guess the name of my token before scrolling down?
So I'd seen the announcement post by @aggroed and noticed that Keychain was required. As I'd not installed this browser extension yet, I thought I'd kill two birds with one stone and find out more about both, by doing stuff.
The first thing I noticed and like is that both Steem Keychain (introductory post) and the www.steem-engine.com site are fairly straight-forward to navigate, with big icons and large font. This stuff is all new to me and the simple layouts is definitely more approachable than a bunch of menus with techie stuff going on.
Blue is nice :)
It was quite simple to create a login password for Keychain (available from Chrome store), and then add my private posting, and private active keys in for wallet transactions, and I like that I now have a '1 click' option to view my Voting Power and Resource Credits (to remind me to go claim an account).
Token time!
At present, there are around 30 tokens listed, and it looks to me like a little bit of 'parking' and name grabbing has been going on. Mr Roeland P the issuer of symbol 'BTC', token name 'Bitcoin' :) Exyle has gone for the selfie approach and created 'Exyle' token, and there are also tokens for STEEM and SBD.
See what I mean about the simple looking layout, I am a fan. Hopefully this will roll onto the Market for exchanging tokens when it arrives 'soon'. You could have used 'shortly' there guys :)
Although the layout is simple, I still contacted the team to ask on the best approach for 'Decimal Precision' and 'Max Supply'. I went for 3 (same as STEEM), and 1 million, because, why not?!
Oh yeah, the creation of a token will cost 100 STEEM - it is currently 100 ENG, and 1 ENG is 1 STEEM. I am told that this will most likely change in the future.
On clicking submit, there are some contact details to fill out, including a website address. I don't have a site and so used my steemit.com profile address - this can be changed later.
My Token
Was in the list above, but for those that missed it:
I had to :)
Before seeing the list of tokens, I had 'ENG' in mind as the token symbol for the Engagement Token. It made me laugh when I saw that this is the symbol for Steem Engine Token - dammit!
I have issued 0 ENGAGE tokens at present and read that it is possible to issue the whole lot at once (1 million in my case), or issue them in batches. I'm not sure if it matters, or what the reasons would be to choose each option - maybe you can help in the comments?
I'm under no illusion that there is a good chance that my ENGAGE tokens will never be worth anything, but I have this dream that the most engaged people on our network should be rewarded with such a token - perhaps only as some sort of badge of honour for now.
Well that was fun, cheers Aggy and Matt!
Asher
If you did the release in batches you could do something like max tokens = 100% upvote from you, so that if there were only 100 tokens in existance giving you 50 tokens would be a 50% upvote, but if another 100 tokens were released a month later those same tokens would only be worth 25% upvote.
When talking smts ive curently wondered what would give them value. The only one that comes to mind is magic tokens as the more magic you own the more dividends you receive.
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Yes I am wondering the same, and something like magic-dice with the dividends seems like an option.
For me though, I think my tokens will be more like a badge of honour, we shall see. Thanks for the idea :)
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Badge of honor works for me. I was just throwing out an idea.
The other idea that you just gave me once communities are developed they could be used to unlock certain features like on twitch if you subscribe to a streamer some have unlockable emoticons. I was thinking along the lines of unlocking achievements as well like when playing video games except achievments for # of tokens helps. More of a badge of honor as well. Maybe something steemitboard could offer one day in the future.
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Sounds like a great idea, which someone will likely carry forward.
I think without an app as such, the ENGAGE token is unlikely to become a thing, but that's OK by me.
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Okay, maybe a stupid question, but do I need a different wallet than the steem wallet to see or get the tokens if and when you ever issue or drop them to people? Do you have an "Engage" wallet? I really do not know much at all about cryptocurrencies and how to make them work. I figured I would figure that out in a little over 5 years, but now it is looking more and more like I really need to buckle down and figure out this wallet thing.
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Sorry I missed this one :)
https://steem-engine.com/?p=balances&a=bashadow
I use chrome and yabapmatt's Steem-keychain.
It is a separate wallet, but fairly easy to use I think.
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I did get their Steem-Keychain, and figured that part out. one of these days now I will need to figure out the fiat to crypto and crypto to fiat thing. Just not high on the priority list right now.
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Weldone, Ash. As a collector myself, do well to send some my way...
I think tokens are a great way to foster engagement. Just look at SteemHunt. I believe that with more recognized token issuers using easy-to-earn tokens to incentivize a community of Steem users for engagement apart from just the Steem coin, we could witness a massive boost in engagement on every side here. And believe it or not, with a free market in the works, the community can decide just how valuable the tokens are.
There is a good chance that the Engagement league might just get stronger attention and support should you think about applying this.
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It was certainly in my thoughts when I created the token. A weekly issuance for placing in the league is definitely an option. For now though, I think people would prefer the STEEM :)
Thank you!
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Nice post.
Can I have my Engagement Tokens now?
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That's the best spam comment yet! Definitely worthy of some SPAM tokens @abh12345!
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Nope, I'll have to get back to the site and create some SPAM tokens :)
No idea what I'm doing to be honest, maybe there will be a use case down the line.
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Woot Airdrop!!! Woot!
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Oh NOW you come see me do ya? :P
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I’m always peeking :P
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Damn, I never wrote anything prior to 'hey I have some token to give away' that was worth a comment :P
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😂 Or I just couldn’t come up with a fun comment
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Hehe, I have been toying with the idea of creating one too. I still might. I am sure you could guess the name of mine but I don't want to say in case I am gazzumped :0)
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Taraz beat me to it, I was SO busying engaging elsewhere.
I hope you don't get gazumped - only one way to make sure :) beer token/s could work also?
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Lol! So many ideas! That might be better actually! You deserve to give yourself an engagement token!
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Gonna issue the million and sit on them in a big vault.
Or maybe, I'll give the lot to @misterengagement and see what he can do with them ;)
Is it big celebration (not big number) day?
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@misterengagement looks like a sleeping giant!!!
Wake him from his slumber!!
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I should, @misterslumber would be more appropriate :)
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Oops and no. I am celebrating today but it's not today, I am a big kid and like a birthday to take up a whole weekend!!
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Well I hope the beer have been flowing this afternoon, which reminds me.....
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BOOM! tokens.
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Dammit, you engaged before me :P
What would be your token name/symbol of choice?
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Ha! That's the ones!
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I would love to receive at least 1,000 ENGAGE tokens! Let's hope they will worth something in the future.
I thought your symbol will be ABH.
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ABH is my initials, and part of one of the most ridiculous Steem account names :) I think at first they will be issued based on engagement with me, and placing in the Engagement League - Hopefully you will be 'on the list' :D
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I'll engage with you. That's my job now!
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haha :D
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Haha I remember we were talking at the Hevré in Kraków and I was joking around saying I would create a @jeffjagoe coin that I would disperse to people based on their upvotes on my posts..... now @aggroed and @yapabmatt made it way too easy and possible for that to became a reality.... but for now I will stick to issuing STEEM Food Tokens (FOOD) for participants in my weekly restaurant review contest :D
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I remember!
I've also seen your FOOD token, you are early on the list, nice one :)
Still figuring out what to do with mine. Will probably use some engagement metrics but not sure what yet. Can't see them every having any value but what the hell :)
I'll be after some FOOD at some point too ;)
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Haha I’m going to write up a little “white paper” at some point and at the end there will be a legal disclaimer where I say they are meant to be of no financial value and are similar to getting a digital sticker... but I guess it’s up to the market to decide what the real value is
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Yeah. I read this in the steem-engine discord:
So it seems that the strategy is to provide a service. Well at the moment, I'll be the one issuing tokens and providing the service, so I'm not sure exactly how it works really :)
Good luck, if you learn anything that could be useful then let me know.
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I’ll take some when you’re ready to give them out 🤣
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Token grabber!
Are you signed up to steem-bet? Only 5 days to go before their tokens appear - or not!
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Yeah Man!!! You know it lol... We’ll see what happens 🤣
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I thought so :)
Yeah I'm skeptical, and don't think I'll be playing any games (I'm a sucker for roulette!) but lets see what happens in a few days time.
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we will be lucky if we see a roulette, I think they are just going to do a dice game and then come with 'more games coming soon'
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pffft. So basically it's the same guys as magic dice with a new publicity campaign? :D
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It seems so, but we never know, let's wait and see!
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Very cool, I have no doubt that I will utilize that service at some point and create my own coin.
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Yeah it's just a bit of fun for the most part, but it seems like people would like a few ENGAGE tokens, if only as a small badge of honour. I'll have to think about a distribution plan :)
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Another incentive to engage like hell, if the top spots in the list (maybe the top 25, because that seems to be my max these last couple of months) would be rewarded with an engagement token.
I really want to have that token of yours, even if only as a collector's item!
@simplymike
[An @abh12345 Orginal Fan]
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awwww :D :D
Love it!
I'm sure when i do some numbers (perhaps a 2018 who engaged with me thing) your name will appear.
Thank you for your interest, I should probably start thinking about how I'm going to do this!
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This could be a great way to further track progress on the weekly Curation and Engagement Leagues! Look forward to seeing where you take it my friend!
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It has been mentioned :)
I'll likely be looking to apply some data but haven't got that far yet. I'm just happy there is demand right now for a valueless token!
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@abh12345, For sure Engagement Economy will be crowned with Engagement Token. Really appreciable step brother and wish that this will going to be turn out into Huge Economy** in future. Keep up and stay blessed.
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Thank you :)
I am not quite as as confident as you are but let's see how it goes. Have a great weekend!
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Welcome. Let's hope for the best, and who knows in near future you can create value of these Tokens with collaboration of Engagement League or coming up with any other initiatives. Have a joyful time ahead and good wishes from side.
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Just heard on the grapvine that Jean-Luc Picard is pissed off you stole his token name.....
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When I was looking around for a Gondor gif last night I only found this one, and then forgot about it this morning. Thanks for the reminder :D
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Steem or your token. It's a really hard decision lol.
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Right now, I'm pretty sure most would take the STEEM, I would! Maybe just like to own 1 ENGAGE for sentiments sake :)
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Maybe you could give ENGAGE tokens as prizes for the engagement league.
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Haha, I'll reply to myself and remind myself to read the other comments before making my own, not afterwards.
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haha :D
A fine idea!
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Great work @abh12345 !!
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Thanks!
Hoping to issue some this week :D
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Hi @abh12345!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.860 which ranks you at #104 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 187 contributions, your post is ranked at #1. Congratulations!
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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... off to create Torrent token. Wait.
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adetoken?
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I am interested in steem-engine.com. Resteemed this article. Thank you.
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This post has been included in the latest edition of SoS Daily News - a digest of all you need to know about the State of Steem.
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Congratulations @abh12345!
Your post was mentioned in the Steem Hit Parade in the following category:
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Engagement Tokens! How cool is that? I can't wait to earn a big pile of those!
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Well I am glad to hear it - Lets's see what happens!
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"Badge of Honor" seems like a fine enough reason for a token... but who knows?
I guess I have always thought SMTs and other "private tokens" were a bit questionable because WHAT exactly gives them "value?" Seems "value" would be derived from having something — anything — be tradeable for "real life goods and services" in some way.
In the case of the engagement leagues we're all a somewhat competitive bunch (I think...) so "value" of a token can perhaps best be measured as some type of "brownie points" for doing specific tasks, and (eventually) take on a small monetary value as somehow "exchangeable" for upvotes. Or something.
Just thinking out loud, really...
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@janton is rubbing his knees to get a hold of some of your engagement tokens!! yeeee hawww.
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Just looked into this... maybe someday i'll come up with the 100 steem to start my own token?
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It is a great idea to reward the commitment in some way, I see a lot of future in this token and certainly encourage more people to be more involved in the steem blockchain, really great work.
I have a question regarding the tokens in general, where they are received? Steem Keychain?
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Good break down on this!
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Congratulations @abh12345! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
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Give me 2 weeks and I'll be seeing you at 24000 :D
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