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RE: Smart Media Token Development

in #smt6 years ago (edited)

@steemitblog - Yes SMT Team: Outstanding initial outline of what the SMT is and future development plans. I guess I have a couple of initial questions.

This SMT effort is just a first test case for use of SMTs on the Steem Blockchain.

  • How do SMTs relate to Bitshares? (or are they not related to Bitshares at all?) Are they the first efforts to diversifying Steem & Bitshares to a wider audience?

  • When will non-Steem entrepreneurs be able to develop SMTs and market them to Online & Offline businesses? (Until we do this Steem will be undervalued in the market IMO, we all here believe in Steem- but are we just preaching to the choir?)

  • I see the first test of SMTs being used for gamers, while that is a noble effort for those playing an online game & developers. What can SMTs be used for and valued by online or offline business that would like to create SMTs? (Discounted membership rates, coupons, etc. is there a limit?)

  • When can ICOs start being offered for sale, instead of all those Ethereum based ICOs? (This can help IMO- in pushing STEEM & SBD upwards in value, once it is used for more than content creation on the Steem Blockchain)

Overall, great Effort SMT Team & also @ned & others working on the project. The SMT effort is a wonderful development on my initial glance. I would like to see more details and projections about expenses for SMT development, timeline for development of SMTs, and potential payback periods (estimated ROI) for investors for initial SMT offerings/auctions).