Smt hard fork testing report #3 : 400 000 smts are live on the testnet !

in #proposal4 years ago (edited)
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Ok great. A question - What if I want to do the following:

  1. Launch SMT;
  2. Convert a percentage of advertiser revenue to distribute it to readers;
    How can I do that?

It wouldn't be so hard actually.

First launch an smt, token emission could be an ico or whatever. Ideally the initial setup would fund the internal market.

Then just setup a custom site (wordpress + steempress ? ;)) or a communities powered website (a website that uses the communities protocol). Add ads on top of it (ad provider can be whatever).

Buy tokens with the ad revenue to provide constant upward pressure, then track people who red the article thanks to some auto-login feature. (steem user logs in once on your website to subscribe to the reward program, then he gets tokens whenever he visits the site).

Then you can improve by checking your ad provider api and trying to see which readers bought you the most ad revenue to reward them more etc etc

That is going to make things hard I suppose. It involved a lot of manual input

MMh yeah paying the readers is kinda hard unless you completely own the ad system kinda like brave does. I would start with a system where you pay the writers first.

But my audience is normal mum and dad readers, not bloggers. However, I've realised it's easier to launch a token on Tron and integrate it with WordPress. They have pluggins and wallets that are fast and easy to use. Im going to try it out sometime next week...Once SMTs start, I could do one for bloggers too and see how we go.

Sorry, that would be a useful feature that would make Steem immensely attractive as a platform for serious creators and advertisers looking to support and reach communities more directly.

Thus it is not really meant for Steem which only targets internet trolls and stubborn techies who care more about making their pre-existing solutions work, than building tools that address real needs.

LOLLLL ur funny! your sarcasm went over my head for a second...

You can only execute that operation once.

Not strictly true. You can execute the smt_create operation more than once for a given NAI if you want to perform the "reset case." See:

https://developers.steem.io/apidefinitions/#broadcast_ops_smt_create

I ment that more in the usual workflow. didn't want to delve too much into the specific cases. But true.

Yeah, hopefully that'll be a rare situation.

hopefully it all works out

We need more genius developers to make Steem moon. Our future is in our own hands (or keyboard).

I'm glad you are testing this extensively.

Thanks ! doing my best but there are so many moving parts I'm not sure we'll ever have every single case tested.

You likely won't, but the fact that you are putting in this much effort is good.

Im using our nice platforme since 2 years now and the value of my account still weak. Need some supports from you guys i trust on you . Check some of my work and have a look

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