Yesterday I was posting about the price of Steem jumping over 4 %. At One point today the price of Steem had risen a little over 40%. At the time of this post Steem continues to be up over 38%.
Price of Steem Jumps
The Steem blockchain is in the process of testing Smart Media Tokens. The testing started a few months ago and should continue through the Spring. If you are on Steemit, you already know the potential for Smart Media Tokens. In simple terms, Smart Media Tokens will allow companies to tokenize their own websites, projects, and companies almost instantly. Companies my create their own token which will run on the Steem blockchain. These Smart media tokens may be customized by participating companies while utilizing one of the most active blockchains in the world, the Steem blockchain.
As internet users become more aware of the constant invasion of privacy by big tech companies like Google, the search for alternatives has intensified. Duck Duck Go has become a popular alternative as an internet search engine. This search engine works like Google without all of the tracking.
The Brave browser, which is an internet browser that allows the user to control their data, has also enjoyed an increase in usage. The Brave browser allows you to opt in to some advertising and be paid for viewing the ads. Payment is made in the cryptocurrency, (BAT) Basic Attention Token. For almost 20 years, internet users have assumed they were the customers of big tech companies like Facebook and Google only to realize that in fact they and their data have been the product all along.
Steemit is a blogging platform that allows bloggers to monetize their content without fear of censorship. Bloggers may post directly on Steemit or use the Steempress WordPress plugin. Content providers are paid in the cryptocurrency, Steem. Steemit is built on the Steem blockchain which insures that content will not be removed as we have seen on both You Tube and Facebook.
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.
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.
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
Stephen Kendal compares Steemit to Facebook. Kendal explains why a future 500 billion dollar valuation of Steemit is quite possible. As a new generation of investors pour more money into the crypto market, will stock certificates be replaced with cryptocurrency?
We are already seeing the ecosystem of Steem expand. Every week we are seeing new dapps developed for the Steem Blockchain. Whether we are posting on Dtube, Dsound, Tasteem, or any other decentralized app, we are still a part of the Steem ecosystem. As we watch Steemit add various communities and niches, Facebook seems like a very stagnant socoal network. The ever changing nature of Steemit makes the Steemit community all the more exciting as we watch our once small community grow.
During the “old Days” of Steemit.com, posting on Steemit was much simpler. We really didn’t have that many options. You wrote a post and shared it in the hopes that someone would vote you up. You voted until your voting power was too low and interacted as much as possible with your fellow Steemit posters. This was barely 2 years ago and we have seen dramatic changes. Obviously the price has increased considerably which makes it more beneficial to post. The use of bots has skyrocketed and the interaction has diminished somewhat.
First of all, so many people are delegating their Steempower to either bots or new Steem projects. We also have a multitude of platforms to post on and enjoy.
A typical day might include posting a video on Dtube, updating your podcast on dsound, and searching for the coolest products on Steemhunt. You may share a meme with your followers on Dmania and livestream a video game on Dlive. You can share a few thoughts on Zappl, add a photo to Steepshot, and write a quick post on Busy. You may need to check out the latest development updates on Utopia as well.
To relax, you might try to win a little Steem by playing the Steem based Super Eight Ball on your Android device and then share the results using your Esteem app.
After you’ve completed all of these activities, you need to share them on your Blog which uses Steempress to automatically post to Steemit from your WordPress blog.
I share this imaginary day to make the point of “Wow, look how much we have grown!” When you take the time to explore all of the new decentralized apps on the Steem blockchain, the sheer number of available activities based on Steem is quite astounding.
I’m certain I have left some new platforms out, so please add them in the comments. In short, in spite of many ups and downs, We have come a long way! This is just the beginning.