RE: Vlog 318: Voting bots or promotional services have their place on the blockchain for now.

[joele]

The good thing with SMT every token is liquid and has value even shitcoins, you can exchange it back to Steem. :)

Comments

[meno]

That is potentially accurate... I don't have any details pertaining this, but I would assume a bot would be setup to guarantee liquidity. Ver much in the way SBD and Steem interact.

[joele]

Automated market makers
As an example, one piece of meat that we are working on is the automated market maker (AMM). AMMs will enable an entrepreneur launching an SMT to create instant liquidity for their token so that people can immediately begin buying and selling it while also establishing a baseline price level for that token. Leveraging the AMM is an optional feature for an SMT, but those SMTs that do use the AMM will be able to economically bootstrap themselves with a turn-key solution for providing bi-directional liquidity in the on-chain market.

Source:
https://steemit.com/smt/@steemitblog/smart-media-token-development

[meno]

perfect.. I expected as much, I just was not sure.