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RE: Why Do We Need Smart Media Tokens When We Have STEEM?

in #steemit7 years ago

are you aware of already existing plans where the SMT is going to be used?

I'm not sure I understand the question. SMT is a generic name for an activity you, as a user, can perform on the Steem blockchain, namely to issue your own token, with your own name and parameters.

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My understandig was that steemit is providing the infrastructure in order to allow the user to use SMT for custom tokens - maybe I get things wrong?

Yes, that is also correct. So what exactly is the question?

I was thinking if there are already concrete plans (by steemit or others) on SMT use cases, that maybe were even driving/initiating the development of this framework

Ah, got it. Yes, in the white paper there are a few use cases described:

  • publishers (bloggers)
  • forums / communities
  • entrepreneurs looking to raise money via an ICO

I'm going to start a series on the white paper and probably I will get to the use cases too.

looking forward to read that, thanks!