eSteem is the longest running mobile application for Steemians, but we've been doing a lot of work these last few months to make it into the best mobile application, not just for Steem, but for any blockchain. And we are also building best desktop application (Surfer) in sync with website.
In today's post we want to focus on just one of the pieces to this puzzle, which we're extremely excited to announce: the ESTM Token.
Users will be able to earn ESTM tokens in far more ways than they can earn STEEM, including:
- Mining: Users will be able to mine ESTM by using our apps
- Invites/Referrals: Users can earn ESTM by onboarding other users
- In-App Purchases: Users will have ability to purchase ESTM easily with app
SMT
SMTs will soon be released on Steem and we are committed to leveraging this technology to give unique value to eSteem users. But SMTs will not be magic. They will have a wide variety of customizable parameters that will have to be specified by the token launcher, and once the token is launched, those parameters are immutable. That means you'll have to launch a whole new token every time you want to fix a mistake.
For that reason it's important to experiment with the design of our token before it launches as an SMT. This is the only way to ensure that the ESTM tokens that users earn today can be converted into valuable SMTs tomorrow. A lot of the work we've been doing these last few months has been developing this backend tooling which, while not sexy, is the type of software that will make the difference between a successful and unsuccessful token launch. We believe this work gives us an important strategic advantage.
Flexibility & Experimentation
ESTM points give us the flexibility to experiment with use cases, observe what our users want from our application, and what changes need to be made to the token model, so as to ensure a pleasurable user experience.
We believe that we have developed some extremely innovative backend tools that will ensure that when we do launch our SMT, it will be very effective at tokenizing valuable engagement on Steem through eSteem, which should lead to strong demand for the token.
ESTM: Just the Start
In future posts, we plan to go into deeper detail about our economic model. But the changes that are coming to eSteem are about so much more than just a new token. We will continue releasing updates about these improvements over the coming days, weeks, and months, so be sure to follow this account. If you have any comments, suggestions, feedback or ideas, please leave them in the comment section to this post.
Esteem desktop is great. It offers all the functionality official wallet should have had, and it works reliably.
Thanks @furion! We are bringing Surfer experience to Web as well, soon! 😊
I am looking forward to see more details!
Good job! 🙂
vamos aguardar né!
Same I wanted to write :))
Can't wait to get more informations :D
so this works already with your products?
did you upgrade the esteem mobile app/is it somewhat stable these days?
We have released v2 couple months back and about to release v2.2.0 which will have all these improvements and ESTM toke with its usage, stay tuned!
thanks for the update! :)
I am so excited that you are making ESTM be SMTs! I hope Steemit launches SMTs soon!
Thanks, look out for release 😉
I have visions of becoming an ESTM whale!
We all want see this how we get there :)) @melinda010100 lets use lot App and let this cool team make there work peacefully so we all get someting cool :)
We can be whales together!
Yes... and lot users more 😋😋👌🌟🌟🌟🌟🌟🌟🐳🐳🐳🐳🐳🐳
I feel this Esteem get soon very strong, it was just need some time to make something big.👌
You are already one of the whales 😊 btw, we are adding filters into leaderboard, so this release will give you some idea about other whales too, stay tuned
Well, that made my day! 😍❤️😍
Is this token going to be on Steem Engine or completely separate?
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For now separate but if community request is to have it as Steem Engine token, we will consider allowing swap functionality, for now focus is to increase use cases and demand. We want our tokens to be used and actively circulating.
Bidbot flag!
It's very interesting to see how does the esteem team is working
Congratulations guys! Great news 💥
Thanks!
Thank you very much..sounds great...looking forward to get more information..up..resteemed..follow you..
Finally,its wonderful news. Is there an update after estm launching ? And how about points for using @esteemapp, can we convert to token or steem ?? Thank you @esteemapp and @goodkarma. Blessing
Use cases of ESTM will be posted soon with details. Stay tuned!
This is a very good news, look forward to ESTM
It will be a great pleasure and priviledge to be part of this
This is so awesome 🥳
I am still a beginner of Steem, and I am so very excited to learn more.
Awesome stuff!
Super stoked to see how this integrates with what is already in place.
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Great job guys, you are building great stuff and I enjoy using eSteem. Now that ESTM is here, things will be different in the upcoming months. I do love the fact that you are building eSteem while being blockchain agnostic since the industry is moving fast. Congratulations
Thanks, our goal has been always to give our users best possible user experience
Welcoming your work with pleasure.
Thanks you so much my friend, information update estm token @esteemapp
Excellent progress.
Keep going.
This is so awesome
So glad to hear about estm token
eSteem is future ready and I am excited for further updates about it. Way to go team.
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These are great news! Will be following the developments!
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You got a 55.02% upvote from @promobot courtesy of @steemium!
Finally, the long-awaited has arrived!
That’s great, it like dream comes true. Because when I started using I thought I going to get rewards in esteem token but I was wrong I found that it is an app for steem it. But the misunderstanding comes true
Good news for many people who have been under the Steem and Esteem Application for a long time.
Updating the Mobile version by giving ESMT Token rewards is a very wise first step, and of course this has not been maximized. Where some deficiencies of Utilities can not give confidence to the public.
The community hopes that this will be real soon, and we will buy to power up or save and trade in it. Just say, one day it will be under: https://steem-engine.com
Big news for 2019 from @esteemapp and the development team.
Amazing job and keep on giving happy news to the whole community
so GLAD you are doing it the SMT way. plenty of choice for everyone! looking forward to see this progress.
Thanks! 😉
This what I wanted see what next move :) ... Very good news and Esteem gets every time more strong :)
i'm excited for ESTM. down the road esteem can be the best interface for steem and replace steemit. meanwhile one thing i don't like about the mobile app is the incredible amount of wasted space at the top.
Thanks for feedback! We will try to decrease it.
Everyone should replace Steemit LOL.. for a web interface, use SteemPeak, otherwise, eSteem 👍🏻
Good job, keep going!
This is the best piece of news that I have seen today.
I did not know that eSteem is the longest running application. I am am enjoying it and the level of detail speaks volume of your experience.
I am looking forward to the ESTM Token. I have not seen any specifics about how SMTs will work and their exchange, but I am assuming they will share the details before the 27th of August.
Is there a Beta/test going on, where I may participate to test the ESTM token?
Will we be able to covert eSteem points to ESTM Tokens?
How would the mining work for ESTM tokens?
We will make separate post about mining and yes you can already download latest release and start earning/mining, we are about to release v2.2.0 which will come with a lot of exciting changes, stay tuned for that.
Such a nice update from the team.
Awesome
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it's very interesting, you mentioned about mining..how to do it, by using the app?
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Sounds good, following
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Excited to see where this goes!
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When does the new app release? Im getting error messages every-time I reload. (Desktop app)
This is actually interesting in this sense because so far most of the tokens are still very content essential and there has to be a way to fully utilize it (for it is valuable) in the future.
As a person learning to be both content quality poster and learning entrepreneur, a token will need to be much more than to just gain audience exposure. Bread and Butter is still needed on the table and tokens can't feed empty bellies with only itself.
I am looking forward to see what is at hand and excited to see how ETSM will evolve, as I try to look at other ways to find more meaningful ways to make steem valuable.
You understand that the entire STEEM blockchain is content essential, it was built from the ground up to reward content. It even states in the WP that the tokens built off of STEEM are for the purpose of communities rewarding their top content creators and for staking the token in a similar way to SP .. so, STEEM tokens are meant for exactly the purposes they are used for today. The STEEM blockchain values content and tokens on the blockchain inherent the use of valuing content. You have to think about them within the STEEM ecosystem - the ecosystem they are being used in, instead of comparing them to other tokens on blockchains with a different use case entirely.
Yes I understand it is content essential, then what next?
Are you going to keep staking and staking and staking until the cows come home?
Looking at the real world context, no. People need to eat and survive.
So my point is that what's next?
It's not that I don't appreciate the rewards of content. But rewards earned and sell off (instead of staking) if they are not received by someone else who values them, STEEM itself will devalue by the day, because it is not taken into consideration of its value.
To make something valuable is to show its potential.
The last 3 years steem blockchain has been appealing to only content creators but there isn't an outlet (besides staking and support other content creators) that will be able fully see its potential to the point it will attract even more people to hold onto the value of steem
Except games, which includes collectibles like Steemit monsters, which is great.
And that's where I am interested to see the more developments of estm itself. Look outside the box so that content creators and curators will have more meaning besides supporting the essential content creation.
I hope you can see the potential to expand the ecosystem in this way.
Unless you are perfectly comfortable with this tiny little bubble of rewards, stake and curate?
Wow! thats really great news for all of us.
I am purchased ESTM token @esteemapp
nice work gents.
This is good to know and great job guys..
I hope some of these other changes that are still to come also address the esteem points users have been piling up and nothing has been said as regard its future.
Looking forward to it!!! Great stuff 👍
The approach definitely seems like a great way to start as many have done the same and are now really gaining some traction with their token! Given the versatility and capabilities of the app, Inam sure it will have a great amount of interest and will be able to add value to the ecosystem!
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Yes thats true, From the time I was actively started my engagement in steemit I was using esteem applixcation and from that perspective - "Is it little bit of late already in introducing these token when we were the only one after steemit which I believe. I am not sure but "Better late than Never and I am looking forward to more posts regarding this.
I also heard that there is a new version for mobile which I am really waiting for since in the current version there is no option to make the fonts big and the one we have is too small to read - Hehe may be I am getting older.
All the best.
We are here excited to hear this new development
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Good addition.
Love the app.
Best of luck ☺