What area unit sensible Media Tokens?
Smart Media Token is a native digital quality on the Steem blockchain which is quickly launched by anyone to assist decriminalize on-line content and build incentives to encourage desired user behavior.
They're like Ethereum's ERC-20 tokens, however with sure integral ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.
After over twenty months of development and 350,000 users on Steem, I even have a vital message for you a couple of new Steem-based protocol I decision sensible Media Tokens to permit any and each application to possess their own STEEM-like token:
How sensible Media Tokens Work: Associate in Nursing Animated rationalization
Smart Media Tokens ar one amongst the foremost exciting developments of the Steem platform however. thus in a trial to form SMTs additional accessible, i made a decision to place along this short animated explainer video:
Huge due to @eliharrigan for his fantastic assistance on the animation, @andrarchy for his wonderful work on the script, @zenmommas for her nice VO and @the-alien and @ericvancewalton for his or her feedback!
Feel free to share this along with your friends round the net thus we are able to let of us grasp simply however groundbreaking this development extremely is.
I am a Brooklyn primarily based author, film & business director, and crypto-enthusiast, my comes embrace @HardFork-series Associate in Nursing approaching narrative crypto-noir and my novel home can before long be premiering solely on Steemit, and you'll check up on additional of my work dougkarr.com, piefacepictures.com.
The Steem sensible Media Tokens white book proclaimed these days by Ned Scott chief executive officer of Steemit Iraqi National Congress at https://steemit.com/@ned describes a thought to empower cryptocurrency mass adoption by creating it straightforward associate exceedingly|in a very} future protocol update to the Steem blockchain to legalise an existing community! scan the white book at https://smt.steem.io/.
Transactions Transfer in steemit only 3 seconds and this instructed protocol can work straightforward integration with blogs and social media networks to reward users for posting, commenting, and upvoting as already established eminent on https://steemit.com.
To facilitate this new sensible Media Token or SMT system, a suburbanised exchange can yield instant commercialism among users and cryptocurrencies which might ICO on the Steem blockchain for $1! These new digital currencies will be pegged to a true world quality like USD and accustomed give influence in any community.
I think this can be about to blow the value of Steem up as cryptocurrency traders on Bittrex and Poloniex notice what this implies for the long run of Steem!
Please comment, up-vote and resteem and i am going to fain upvote your comments!
10% of all profits from home are going to be given to Amnesty International.
Source: https://steemit.com/smt/@dougkarr/how-smart-media-tokens-work-an-animated-explanation
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