Who would've ever thought...
Steem's circulation structure is one of the most unique ideas ever. Everyone knows how Steemit gives and it's quite unknown to the new user how Steemit receives.
The advertising model. Many users are signing up to Steemit with the incentive of being rewarded for their posts or even to connect with those interested in blockchain. People with blockchain projects often target people who know about it as it would make the accessibility much easier(getting cryptos, storing in wallet, send/recieve etc).
We can all agree that Steemit is one of the best places among Reddit, Bitcointalk, Medium & Twitter to interact with the blockchain crowd. These people can easily become a magnet on Steemit and get loads of people to engage with their posts if they invest in the platform and in return get power - Steem Power.
From my observation and research, I would have to say yes. However, this model is giving Steem a slow way for it to increase it's value...create a bigger demand for Steem.
This is where Smart Media Tokens come into play.
The idea is brilliant but isn't new as it follows a similar model to Ethereum as mentioned in the whitepaper. Page 56 of the whitepaper is my favourite part as it's the section where it explains how it will create more of a demand for Steem.
SMT token ICOs.
This will work just as it's doing for Ethereum and Neo.
With the amount of developers who are familiar with the Steem blockchain, Steem already has incoming SMTs.
My guess is $50 by Q4 next year
