One of the things I learnt early on in business is that you have to keep evolving even if the pace is seemingly unhurried to the world and the other is to always under-promise and over deliver. But when the time is ripe, you go out all guns blazing.
Today, @ned announced the Smart Media Token whitepaper and as you can tell it holds some incredible possibilities for business owners across the world. Check: https://smt.steem.io
With SMTs you can launch your own tokens, run an ICO, generate income out of your websites or blogs by monetizing them unlike ever before. Traditionally most website owners were largely dependent on ad-revenue or affiliate sales. But now you can easily monetize your content and community with blockchain technology and crypto tokens.
You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete. ―R. Buckminster Fuller
About 2 years ago I started a motoring site where I had excellent traffic and over 100K page views within a month of launch and several hundred unique visitors a day. But it was very difficult to monetize it to generate substantial monthly income with Google ads alone in a highly competitive niche. Getting traffic was relatively easier but sustaining operating costs certainly wasnt.
Even as I had a business plan and mobile app in development, ultimately I decided to switch over to the cryptoworld and let that project rest as it was more lucrative to focus on cryptocurrencies and Steemit. I reckon there must be hundreds of web based business owners like myself who set up websites to sustain a livelihood, provide employment to a team etc. SMTs will monetize, generate income and potentially livelihood for various business owners and their employees in the years to come.
A friend and former roommate Harsh Agrawal is one of the top bloggers from India with over 900K followers and runs a popular network of blogs, notably ShoutMeLoud.com. He also runs a popular blog on cryptocurrencies as well. He has massive traffic and excellent engagement on his content at his top blog and with SMTs he could probably have ShoutMeLoud tokens and monetize his blog's comments and have an exciting new alternative to access his premium content as well. The possibilities for application of this technology are huge.
Recently I was approached by a publication in India which also runs a very large and popular forum in my country with a possibility of getting onboard on Steemit. Now they can simply use SMT to further monetize various aspects of their business and raise funds in addition to publishing content on Steemit if they should so desire.
Our favorite social platform is one amongst the top 2000 websites in the world today offering instant transactions with zero transaction fees.
Steemit has been gaining popularity from the day 1 for being the first blockchain based platform in the world which rewards users to post and curate content. It has a growing community of loyal users. If you are an online business owner, you already know the importance of building and sustaining a community and what it would mean to reward your users.
There are many development tools on top of Steemit which makes it easier to build websites on top of the Steem blockchain. In the year to come all of this will only get better and easier.
I think of my country and how this technology can improve businesses-there are endless possibilities. Hope to see some of my favorite publications adopting SMTs in the future.
If you were wondering about updates to Steemit.com, they are on their way as per the roadmap released earlier. But today, let's focus on SMT and mark this day, because it is when Steemit decided to change the game!
You can download the SMT whitepaper here!
Read @donkeypong's post on SMT: The Day the Paywalls Died: How Steem’s Smart Media Token Saved My Family’s Newspaper
@steemfest is just a month away. Visit the official ticket website for ticket purchases.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Successful #2 India Steemit Accelerator and Steem Cryptocurrency Meetup 2017 at Robert Bosch India HQ!
- My 1st Steemit Anniversary — Looking Back at an Amazing Year Of My Life!
- Steemit.Chat—A Quick Update On Our Popular Communication Platform!
Thank you for this article @firepower! Well done! I have spent the day seeing people making posts about the SMT but simply regurgitating what was in the announcement with no real input of their own. It is nice to see this broken out into some real life examples from your own position.
It is an exciting time for the Steem Blockchain! Very glad to be a part of it!!
Yes Smart Media Tokens (SMTs) are huge ! Don't miss the opportunity!
I know Aggrawal he is quite successful wish i could work out like him
Interesting observation on SMT. Money creation the most mystical, complicated and secretive process. However, it evolved from bartering, then the currency based system (e.g. gold, silver coins), early banking (fiat currencies, credits), crypto-mining, mining on the back of (proper) humanly activities (SMT)-- Crypto (Steem) has entered from Homo Erectus (Banking) to Homo Sapiens (STEEM-SMT) age :)
This is very exciting news and it will be interesting to see this come to life! Great post!
Sincerely,
@joeparys
Thanks a lot.
Finally some detailed information about SMT! This could be a real game changer for Steemit, the tokens will diversify the income sources. The price of Steem is up in the last 24h, maybe it's because of SMT, who knows...
This is a really exciting news, we will have a great 2018 ;)
Nice!
Thanks.
Thank you for this great summary and your view!
You're welcome.
Very nicely written
Today i buy 1035 steem from bittrex exchange..after joing steemit i get this news,This may be my welcome bonus
Smart move!
Thank you and good move. Keep on steeming.
So, its basicly like ether token but based on steem? wow! I think Steem will go to the moon base on these and other developments as dtube, thank you for the Info!
where we can buy this token, and what is the website ?
https://smt.steem.io is the website, though I think @ned and the team are still working on it :)
Fantastic. This sounds just like what I've been looking for.
Thank you very much for the post!
You're most welcome buddy. :)
this is great
I hope this works out good since so many are pulling for it. With a cold to hard to understand today. tomorrow I will dig deeper. You are a very smart guy so I will definitely spend the time to learn much more when I recover.
SMTs will open up a new wave of progress in how technology and media platforms work. Saw your top comment on @ned post too. Amazing time to witness the paradigm shift in technology indeed.
May I request your attention towards a serious danger to Steemit community in form of phishing scam which requires urgent action.
Steemit Phishing Scam
Please resteem this scam alert post to help it reach more people and kindly upvote it heavily to make it trending. Thank you for your contributions to the community.
Good information, thanks for sharing;)
Thank you.
Nice and detailed.
Great saying R.buckminster fuller .Should agree !!!
This is fantastic timing for us and our soon to be released social app. We see this as not only an integration into our app but a much bigger potential for monetization above and beyond the upvote feature. Our app is currently in beta and I'd love to get in touch with someone internally to see if we can start implementing this immediately. We could be a great testing case! Please contact me if that's possible. Thanks!
This sounds like amazing news for any business that's not able to compete with more mainstream sources while promoting the First Amendment!
Great article! - Still trying to wrap my head around Steem , much less SMT!! but what do you guys think about using SMT to make a gaming platform that pays players in crypto for competing. I wrote up some ideas about it here:
https://steemit.com/steemit/@jorlauski/smart-media-token-video-gaming
do you think this would be a viable idea? cause I would love to see this happen...
This is all sounding so incredible. With this development, it does seem there might be no need for individuals to own websites anymore. Getting a steemit account for that purpose will just be OK. The future looks bright, but intriguing.
grate work
Upvoted and Resteemed.
Great post
Love from India
Let's say I have a website and I want to sell texts there. This can also be done using smart tokens directly on the site?
This news is amazing! Thanks for your take on it
Very nice and informative post thank you, so this surely begs the question, where will this leave facebook, twitter, instagram, youtube etc and in what time frame? Personally I see steemit to be the biggest in 5 years or less, economy of scales and all that. Cheers ;)
nice article
Thank you.
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
Thanks for sharing ,
Upvoted !
By the way ,I started following you and I would appreciate your follow back too .
please visit my blog and vote me too
wow can't wait to see how people decide to use these tokens. Amazing... crypto really is a door opener to changing people's lives for the better. :)
Spectacular. Upvoted and Resteemed.
Very informative.Thank you for sharing and a great post
These look so COOOL!!! so excited!
Very nice info! Thanks!
Thanks a lot buddy! :)
COOL...VOTED RESTEEMED!
I read the White Paper
This is a GAME Changer !!!
and hey ShoutMeLoud is your friend?
Cool
I learnt so much from his blog about SEO for my own Photography Blog !
Great news!
thank you for sharing do not forget my vote
Good article and info, I read about this earlier and checked out the white paper a bit. Resteemed! Thanks. :-)
Have a great day!
Thank you and you too have a great day ahead.
Thanks @firepower If you get a chance I left you a message on Steemit chat, I have a question for you if you don't mind. :-)
Very interesting I am new and just starting to understand, but hopefully it will not take to long to understand most of it.
your post is great, you should get a lot of rewards, thank you for sharing, do not forget my vote 100% yes, let's help fellow
cool. i just checked this shoutmeout. i think its incredible
Your posts are amazing. And worthy of your reward is incredible .... You deserve a great regarding @firepowor
Thanks a lot.
We live in exciting times, thank you for the informative post!
You're welcome. :)
Great in depth post on the Steem game changer! Thank you for breaking it down for us.
You mean we can create our own currency?? I thought only central bankers could do that. LOL
Aapki ye post bhut achchhi hai so mai iss post ko resteem kar rha hu.and aapke profile word padh kar ke to mujhe aur bhi khushi mili.First ki aap ek Indian ho aur STEEMITAdmin ho aur aap ek stronger steemit community banana chahte ho wo bhi everyday.So I hope you will be upvoat me bcs I'm working with many people in a group.Thank you very much.@firepower
Thank you for sharing the view over this fantastic news we had today.
You're welcome buddy. :)