The STEEM ecosystem is going through plenty of changes with a number of key Steemians calling it #newsteem. With all, that's going on recently it's easy to fall behind and taking a few days off could see you miss out on some awesome new opportunities on the blockchain.
One of the biggest changes to STEEM in recent months has been the introduction of SCOT tokens, a side chain created by @aggroed and @yabbamatt which can be found on their Steem Engine site. You may know them as the guys who launched @steemmonsters
What is Steem Engine
Steem-Engine allows ordinary steemians like you and me the ability to create our own token, this can be to reward a community or even tipping. The first community to do this was Palnet.io and Splintertalk.io
Why tokens are awesome
Tokens allow you to double up on rewards when you create content for certain communities and give you more stake as you become a frequent author in this so-called "tribes".
By creating content and earning tokens just like you would steem you have the opportunity to become a minnow/dolphin or even a whale something that is now far out of reach for the average steemian.
Staking these tokens are not only a way to earn extra money but a way to support projects you may enjoy. By staking your tokens you have more token power to reward others, earn more through curation and of course the more tokens you stake the less there is in circulation and the higher the price can go due to scarcity.
Find out more about SE SCOT tokens
Steem Engine Website - https://steem-engine.com/?p=tokens
Steem Engine Discord - https://discord.gg/HBgANFn
Steem Engine and Tribes gave us a preview of what SMT and Communities would look like when they do come out. I love how Steemians themselves come out of 3rd party 2nd layer solutions side by side with Steemit.
This is the true meaning of decentralization, not having to rely on only 1 party to come out with great tech to improve the blockchain.
Also, i do wonder how long before Steem Engine tokens gets listed on @coingecko, they can't just trade in Steem Engine forever!
did you know that @coingecko just recently featured Steem Hard Fork countdown on the front end? Highly recommend you follow them!
Awesome thanks for the info! I'll check that out!
!ENGAGE 300
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I have plenty of tokens in SE, that one i still don’t have.
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!ENGAGE 50
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There are so many tokens that had been coming out lately that non-techy like me is easily confused.
Just do some research 😉
!ENGAGE 100
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You don't need to be techy to understand all of it. You just have to learn how it works, one at a time. 😉
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💙
!BEER
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!ENGAGE 30
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BEER and EMGAGE is not activated recently :(
thanks ! :) 💙 ♬
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It's so easy to get lost in this #newsteem world of so many coins. It can be fun though
!ENGAGE 100
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Yes Steem-engine is awesome.This help us to earn STEEM as well as other tokens also.That support us a lot.
!ENGAGE 100
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Thanks. I am still trying to figure out what tokens and tribes. I just learnt how to cross post on different tribes by using their tribe specific tags.
Decentralization can be very good for authors and curators, @purepinay. Are you a pinay living in the Philippines?
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Yes I am 😉
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Very cool, @purepinay!!! Two of my sorority sisters are Pinays and I love them!!!
"By staking your tokens you have more token power to reward others, earn more through curation and of course the more tokens you stake the less there is in circulation and the higher the price can go due to scarcity."
Thanks for sharing this, it breaks down in an easy way the beauty of scots "tribes" and the important role of staking and being part of these communities. Lots of posts promote Scotts but fail to mention the importance of staking love how you broke it down
Salute!
Congratulations @purepinay!
Your post was mentioned in the Steem Hit Parade in the following category:
I have a few different tokens, it’s a great add on to the steemit blockchain I say
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