The narrative for Steem is losing its buzz as varying projects take major strides, not to long ago Binance announce its plans to tokenize the internet and it seems like they are confident of a launch early 2019. Here is a snapshot of Coinness report:
"Binance's CEO ZHAO Changpeng aka CZ gave insights on the Binance's new decentralized exchange, Binance DEX, which would operate on the Binance chain with native currency as Binance Coin (BNB) in early 2019 during a recent interview.
CZ also said that the new decentralized exchange was similar to Ethereum's ERC20 tokens but it additionally allows you to trade between tokens like BNB."
Binance is more than an exchange, it has several projects under the Binance umbrella and they are each hitting milestones. Recently Binance released Demo version of their decentralized exchange and the CEO has confirm that work of their native blockchain is going through testing which would be used to power the Binance ecosystem. The Steem team has to be realistic here, if Binance can pull off their decentralized exchange and successfully launch their native blockchain it would be difficult for SMT to compete. My fear for Steem is simply it doesn't have the capital or resources to compete and the failure to get projects like SMT off the ground could mean a loss of market share to Binance and other projects priming to dominate in 2019.
Given my experience in this space, its literally a battle ground, folks often feed off your ideas and even monitor your developmental progress with the aim of launching the exact product if you can't get off the ground kicking. I feel like Steem is that kind of project with great ideas and projects in development but given its lack of follow through other projects would feed off those ideas and launch those products earlier, grabbing market share along the way. Steem is obviously struggling now, Ned's honesty is good publicity but the 'wolves' are rooming for developers and ideas and its on that ground it may have been prudent for him and the team to band their belly and fight through cutting the necessary corners to survive without complaining.
My message to Steemdev, step up your game and start taking greater account of the value of your tokens and sentiment of the community and the wider investors. Its really now or never, I know preferably it could mean that the team is waiting for better market condition to launch SMT but with the likes of Binance or several other projects closing in on this potential market, its time deliver without room for excuses.
I see it similar, the SMTs were first mentioned at Steemfeast 2 or even earlier, right? The whole concept is out there to be exploited by the fastest. First come will have a huge bonus. People don´t want to change tokens like shirts.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit