At long last, the Smart Media Token Testnet is live. Developers may now build a project for their business on the Steem Blockchain. The testnet allows developers to run their project and look for bugs.
How will SMT’s change Steemit? I think once the SMT’s go live that Steemit will be a very different place. I think it will be a better place. The opportunity for entrepreneurs to tokenize their brand and their websites on the Steem blockchain will introduce an entirely new base of Steem users. Companies will be able to tokenize and monetize their sites using the Steem protocol and will be able to do so at a minimal cost. While these companies will be part of the Steem ecosystem, they will also maintain their independence by assigning their owns set of rules and rewards to their unique token.
The benefits to Steemit are obvious. Thousands of new users and an expanded user base insures more traffic. The demand for Steem power will increase as new token holders find the need for more resource credits in order to function on the Steem blockchain. The need for resource credits should result in increased investment in Steem and an overall incentive to power up.
I think many of us have maintained a somewhat myopic view of Steem over the past year. We’ve been focusing so much on Steemit that we have forgotten the bigger picture of bringing the entire internet world to Steem.
I think the implementation of Smart Media Tokens will force our community to focus on the bigger picture of the entire Steem ecosystem which has the potential to revolutionize the way we produce and view content on the internet.
I recently attempted to run an advertising campaign on Reddit. The campaign was a link to earning EOS by watching a few educational videos. Considering Reddit is the home of multiple forums on cryptocurrency, you would think the platform would be open to this type of advertising. My ad was rejected almost immediately.
As a result of this experience, I began to think about advertising on Steemit. What would advertising without bots look like on Steemit? Steemit has a built in crypto smart audience. Having a receptive base with a knowledge of blockchain and cryptocurrency should be an attractive audience for any crypto related project. Steemit is unique in that all of the Steemit users are dealing with crypto and blockchain on a daily basis. I would like to see some kind of option to opt in to advertising on Steemit.
Another possibility is offering advertising which would be paid for in Steem and then burning that Steem to help raise the price of Steem.
We are always interested in new projects using blockchain technology. As you know if you follow the crypto market, information is easy to get when the market is bullish, but seems to be more difficult in a bear market.
Blockchain radio is a great source of information for new and upcoming projects. The format is 24/7 blockchain news. We are hosting the service on our site. You may also install blockchain radio on your own website.
One of the most useful tools I’ve found for navigating Steemit is a site called SteemWorld The site includes all the stats you need to use Steemit. You can see your current voting power. You may also see the value of your vote at 100% and various other voting powers.
One of the most interesting tools on the site is the simulated Steempower tool. This tool enables you to enter any amount of Steempower in order to see how much a vote would be worth at this power at the current Steem price.
You may also see stats concerning Steem power earned by both curation and author rewards. The mentions tab will show you when and where you were mentioned on Steemit. You may also see your reputation score.
As you gain more Steempower and curate on a daily basis, you will find this site invaluable to keep up with all of your voting stats.
ProximaX offers real time solutions to business owners who want the technology of blockchain without the expense of development. Built on the NEM network, ProximaX offers the benefits of a decentralized network by integrating blockchain protocol with off chain layers.
CEO and NEM foundation founder, Lon Wong emphasizes the fact that ProximaX is more than a storage of value coin. In fact, ProximaX is a utility coin offering multiple services to business owners. Services include the application development platform, cloud storage and streaming. ProximaX also insures flexibility as the business can use their own token or ProximaX for payment.
ProximaX enables a business to almost eliminate back office expenses by cutting out the middleman. Massive data collection is a fact of life for almost any business. Data must be entered, reconciled for regulatory reporting, and passed on to the appropriate individuals. Blockchain technology eliminates many of these steps by providing a real time audit of transaction while maintaining both transparency and security.
The data gathering capability along with smart contracts and cloud storage will change the banking industry, the real estate industry, and almost any business dealing with data on a daily basis. The ability to verify reported transactions in an instant is worth a fortune to these industries.
The applications are endless.
The ProximaX Wallet
The ProximaX Wallet offers easy access to tokens and insures a payment system which encourages mass adaption. For more information visit the ProximaX Website
One of the biggest problems with cryptocurrency is getting people to actually use it in their everyday life. If you've been on Steemit for a while, you may easily overlook the fact that simple transactions
How to use a Bitcoin Wallet. The ledger Nano S is easy to use as demonstrated in the video.
Maintaining control of your keys has become all the more important with the recent hacks of cryptocurrency exchanges like Cryptopia.
A Bitcoin hardware wallet allows you to control your own keys and safely secure your cryptocurrency. The hardware wallet stores your private keys on the device.
You will receive a sequence of words when you set it up for the first time and you will set up a pin. Make sure you write the series of words and you PIN code down and keep it in a safe place. To access the device you use the pin by physically entering it into the ledger.
The best part about using the Ledger Nano S is even if you lose the ledger or forget your pin code you can use the sequence of words that you were given when you set the device up to recover your wallet. You may recover on the same ledger or a new ledger using those words.
The Steempress WordPress plugin which connects bloggers to the Steemit blogging platform is now offering even more features. The new Steempress features include upvotes, pending rewards, comments and Steem log in on the blog interface.
Bloggers may download the Steempress WordPress plugin Steempress
For bloggers already using the Steempress plugin, you will need to go into your admin settings within your WordPress site and click the update button. The Steempress plugin will be instantly updated. The new features allow Steemit users to vote and comment on posts on your WordPress site. This feature will allow any blogger to monetize their site with the Steem blockchain. You may vote on a post, leave a comment, and vote on comments just like you do on the Steemit site. All logins are through Steem Connect, so you do not need to share your Steemit keys with the site.
Hat tip to @Steempress who has done a great job of making this plugin accessible and easy to use for bloggers.