It's only been a couple of weeks since I was first introduced to SCT by @travelgirl. When I first came across SCT, I found it interesting and was intrigued by it, even more so since most things were in Korean and there wasn't much talk about it among the English speaking community. So when I received my first payout, I was surprised to see it trading so high, at exactly 1 Steem at the time. This got me even more curious about the project. Then I started following the project more closely, using Google translate to learn as much about the project as I could. At the same time, I followed the price of SCT on steem-engine over a number of days, and was pleasantly surprised to see it as one of the highest volume tokens traded, whilst the SCT price stayed reasonably steady.
Creating value and demand for SCT
From the short time I've followed SCT, I have seen the SCT team working hard to introduce new elements to the SCT project that would create demand for SCT and value for investors. First of all, I saw the SCT UBI that encouraged the community to stake SCT and keep ahead of inflation. Then a couple of days ago, I read that in June, inflation of SCT will be reduced, meaning that it will be even harder to obtain SCT. All this serves to reduce supply and create demand for SCT, and in turn create value for investors.
At the same time, if you go on to https://www.steemcoinpan.com on a regular basis, you will find that the site is getting new features and improvements all the time. This means that the team is working hard to develop an appealing product and not just rely on initial hype.
As one of the first SCOT platforms, SCT has a first mover advantage. No doubt there will be many other projects that will come along utilizing SCOT and SMTs, but as long as SCT keeps ahead of the curve, listen to its community, and provide value for investors, then I think it will continue to do well.
In case you haven’t yet checked out Steem Monsters, it’s not too late to get started and join in the fun. You can go here to get started.
Download Vite wallet for Android or IOS, and enter my referral code 1WIvc2wX to receive 10 free Vite, then claim Vite airdrop worth between $0.36-$36 each day.
Binance, the best exchange to buy and sell Steem and other cryptocurrencies