Steem Smart Media Tokens (SMTs)
Steem SMT is a native digital asset on the Steem blockchain. SMTs can be launched by anyone to help monetize online content and create incentives to encourage desired user behavior.SMTs are like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.
SMTs: Introducing the Game Changer
Imagine that you have the possibility to create your own currency and start rewarding people with it. It sounds amazing, doesn’t it not?Now might be the time where you’re wondering why I’ve spent so much time in the build up, talking about the evolution of social media.Remember when I mentioned that part about content creators and influencers rewarding their audience with all kinds of giveaways and creating private groups and channels to grow a community and a culture about the topics they are passionate about?Now, Imagine that very exact situation only this time, imagine if their have a Smart Media Token that allows them to not only monetize their content but to reward the most engaged members of their community via inflation or otherwise.Let’s say they’re into Gaming, they can create Game Coin – or whatever they wish to call it – and not only use that to reward the most valuable members of their community, but also to gamify the user experience and to grow their community even bigger.And with it, the value of their SMTs would inevitable grow even as well, which will benefit all parties involved.As the community grows bigger, and as one of the founders of that SMT, you will be getting a percentage (that you set beforehand) as the user base grows and price goes up, it’s like creating royalties of sorts, a new stream of income so to speak.There has never been many tools for monetizing your passion as we have on this very day.So if you’re a Youtuber, Blogger, writer with your own fan base or community, you might wanna check the Smart Media Tokens.This is not about individual users, the same is true for multi-user platforms that already established like Medium or FEE.org, or even traditional style magazines like Mashable or Rolling Stone.Personally, I can’t wait for the day for when big outlets start shifting their content to the STEEM blockchain.And most important of all, I suspect many steemians will create their own SMTs in order to grow whatever field their passionate about which will only contribute to the growth of STEEM.It’s needless to say that we are before something truly revolutionary, something that can be the next step in social media evolution and at the same time something that can fast-track blockchain adoption, and I say this with great intent.So let me explain just how massive of a win-win the SMTs create to all parties involved.For the content creator:Not only the SMTs will give them the ability to reward the most valuable people in their audience and create more engagement, but it will help them create a culture and community around their passion or product which will only increase the value of their coin.For the regular user and content consumer:There many people out there who do not precisely want to create content but they’re still passionate about their interests and you often find them very active in all sorts of forums or comment sections.They may not write long form essays, or create videos, but their value is beyond any doubt. They still jump in the discussion and add value to it any chance they get, thus increasing engagement and helping create a vibrant community that they’re members of.Now with the SMTs, finally they could get rewarded for something that they were going to do for free anyways. Now tell me:How great does that sound?For the crypto-currency sector as a whole:Nothing will accelerate mass-adoption and public consumption than having social media influencers rewarding and increasing their audience by using currencies on the steem Blockchain.I stand corrected, there is only one thing that beats that.Nothing will dissipate the initial fear and dogma around cryptocurrencies than having every single person using their own crypto-currencies and use them in their daily life, either by creating them or by receiving them from the social media community that they belong to.
