#1 Crypto In The Social Media Sector (Steem, Status, ReddCoin)

The article provides a brief introduction to the cryptos in the social media sector. The goal is to familiarize you with all the interesting cryptocurrencies in the social media sector. I will make several articles on this topic, each time explaining three new tokens or cryptocurrencies.

STEEM

There is no need for explaining Steem to people on Steemit, but only in a short ...

Steem is a blockchain-based rewards platform for publishers to monetize content and grow a community. Steemit is a blogging platform with its own SMT called STEEM.

What is SMT?
SMTs are like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.

Steem is a next-generation blockchain, uniquely designed to run real-time applications with near instant, fee-free transactions (e.g. DTube, Appics..)

STATUS (SNT)

Status is an Ethereum light client designed to bring the benefits of the Blockchain to everyday smartphone users. Available on Android & iOS.

SNT is one of Ethereum’s tokens used across its platform, and it serves the purpose of being utilized as open source platform that is programmed to enable messaging through Ethereum.
The platform is a light client for Ethereum, which serves as a messenger, browser, and gateway.

Status is a project of Status Research & Development GmbH from Switzerland. Status is working on a decentralized economy, but also wants to play a major role in the social media sector.
With Status your mobile device becomes a light client node on the Ethereum Network, enabling you to access Ethereum’s entire ecosystem from anywhere.

REDDCOIN (RDD)

Reddcoin was born out of an ambitious plan to create a currency specifically for use in social networks.
Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public. Reddcoin achieves this by integrating a digital currency platform seamlessly with all major social networks to make the process of sending and receiving money fun and rewarding for everyone.
They have made the Tip Platform to give tips:
Reddcoin decentralized Tip Platform allows people to seamlessly send & receive digital currency on Social Networks to anyone in the world & to support content creators through micro-donations.

Next:

Basic Attention Token (BAT)
Appics
SELFLLERY

---

Source:

[1] https://captainaltcoin.com/what-is-status-coin/
[2] https://globalcoinreport.com/status-network-token-snt-snt-now/
[3] https://status.im/
[4] https://www.reddcoin.com/
[5] https://99bitcoins.com/currency-reddcoin/

---

For more on cryptos follow me @ivitodigital

If you like my content please share and upvote.