The Steem Smart Media Tokens white paper announced today by Ned Scott CEO of Steemit Inc at describes a plan to empower cryptocurrency mass adoption by making it easy in a future protocol update to the Steem blockchain to monetize an existing community! Read the white paper Steem already has 3 second feeless transactions and this suggested protocol will make for easy integration with blogs and social media networks to reward users for posting, commenting, and upvoting as already proven successful on..............
To facilitate this new Smart Media Token or SMT system, a decentralized exchange will allow for instant trading among users and cryptocurrencies which can ICO on the Steem blockchain for $1! These new digital currencies can be pegged to a real world asset like USD and used to provide influence in any community.
I think this is going to blow the price of Steem up as cryptocurrency traders on Bittrex and Poloniex realize what this means for the future of Steem!....................................... Jerry, so it means that for example, NY times would create a coin using the steem proposed solution, then anyone holding those NY times coins will get paid for commenting on NY times posts? Is this the use case. Does it work vice versa so that NY times would get paid for what they post on their own sites? I didnt get that part. So essentially it could monetise all forms of blogs, media, websites, content producers etc? Did i understand correctly?
This video is completely lightens of steemit media tokens.........................................................................
Source: https://steemit.com/@jerrybanfield
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