Why is @steemhunt not collaborating with Steem Engine to support the overall Sidechain / Smart Contract Development of the Steem Ecosystem?
https://steempeak.com/exyle/@exyle/tokens-will-soon-be-here-on-steem-with-steem-engine-and-a-fiat-steem-exchange-is-being-developed-called-freedomex-io
I would find it better, if most SMT Projects would agree to one Sidechain concept like e.g. Steem Engine or Dlux, and than join forces to establish a true community driven SMT market.
And when the official release of "SMT" will be launched, than Sidechains like Steem Engine could focus on more specific Smart Contract Development with an already established Token Market.
Don't get me wrong, its a great idea and effort to push for listings on other exchanges, but right now like many other users have mentioned the Volume is very low and most demand probably would come anyways from the Steem Community by itself. I guess, most of the Steemians don't want to have a dozen of exchanges to trade their Tokens. They would rather prefer 1 or two good "Steem-Inhouse" exchanges to do trading.
What do you think about it?
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Firstly, timing wasn't aligned with Steemhunt.
We were planning and developing HUNT token release since June last year, but I heard about SteemEngine project just few days ago.
I've reviewed SteemEngine project and their source code as well, but it looks like it's still at "proof of concept" (I took this word from their document) stage for now (p2p consensus part hasn't been implemented). So it would take another few months to build and test for a production-ready platform.
Secondly,
It's probably true as users' perspective. However, founders and companies like Steemhunt need a proper fund-raising to continue the project. Steem community is the biggest in terms of the number of users, but it's not that big in terms of investors' community.
I also think bring more interest from the OUTSIDE of Steem community is the most important part for the value of Steem as well.
Thank you for your fast responds.
From what I can see the login via Keychain works on the Steem Engine site and the first Tokens have already been created and sent on the sidechain.
Sure there is a lot more testing to be done, but since it only costs 100 Steem to list your Token it should be worth trying. Why not go both directions?
Yes, outside investors are very important and I understand that you were planning for months to find a solution and a new external exchange is always a great option to have.
Looking forward to how things will play out, good luck and much success!!!
To be honest, down the road both efforts can still merge. As noted Steemhunt’s plan is to first go via a ERC-20, which IMHO also seems a smart solution for their roadmap. ERC-20 has been tried and tested already. Steem Engine, is a proof of concept right now and that alone may not be sufficient for founders to develop on, and maybe even for exchanges to already consider. Especially not as long as there’s no consensus mechanics.
Down the road Steemhunt will convert again to SMT token. Which protocol, smart contract, sidechain is used then... may the best and most solid option win. As mentioned in the announcement, this is for temporary token pairing already. A token smart contract provider can be developed at the same time, these things are not mutually exclusive. No, there were hundreds of spam filtering solutions.
Let’s not centralize on only one option... we should know better by now. The internet didn’t grow with only one solution for everything either.
Not wanting to be negative here, I believe in Steem but it is high time that Steem starts to look outwards too. Always within the same circle doesn’t necessarily result in any influx [of investors].
Imagine that this works then by the time Steem Engine is properly tried and tested, functional with everything in place there is also an exchange which has already embraced STEEM pairing. How awesome would that be? Why wait, let’s have multiple parallel efforts and not focus on just one.
Thanks :)
Hum.. I'm not sure if there's a case issuing tokens in more than one platform, but thanks for sharing your thought. We'll think about how we can collaborate with Steem Engine too.