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RE: STEEM Riches: Do SMTs Bless SP Holders With More Tokens? Could Your SP Mean More Than Just STEEM?
Good stuff here!
I think you and these writers could be on to something, and the point you make about distributing to a community already active and knowledgeable of how things work could be really important.
I'm aware that (unless the SMT apps. choose otherwise), we should be able to support this content with our Steem Power as well, so I'm not sure how that fits into things.
Really liking the idea of SP holders being given a bunch of 'local' tokens though to get the ball rolling right away. Cheers!
Thanks for the comment @abh12345.
That is my understanding also; that SP will apply to those apps created using the SMT protocol. That would make sense since an app like that, even with another token, is still reading the same blockchain (similar to DTube etc...). Of course, the app can choose the percentage of reward and alter things like that but I think the basic system is in place for any token creator.
Perhaps, since every SMT created token is paired with STEEM, SP can be used since there is an instant conversion rate available. Have none of that token but 1000 SP, if it is a 3 for 1 swap on the exchange, it is like you have the VP of 3000 of that token. Just speculation on my part.