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RE: Steem Is Now Officially "The blockchain for Smart Media Tokens and decentralized applications"

in #steem7 years ago

It's great to see Steem being more than just a social media blockchain. I'm excited to see developments in the future.

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STEEM is also a decentralized exchange...something that most people overlook.

We are seeing a world that moves away from centralization.

All tokens created using the SMT protocol are going to be paired with STEEM and, I presume, traded on the internal exchange on this blockchain.

It is a self contained, open source unit.

"All tokens created using the SMT protocol are going to be paired with STEEM"- So, any other cryptos that comes up the idea of SMT now, must pair to be traded with STEEM. Did I understand the way you are trying to put @taskmaster4450? Or, is it still a different thing?

You are understanding it correctly.

Any token created under the SMT program, they are paired with STEEM so they have liquidity.

And since there is a decentralized exchange on this blockchain, it is one area where they will be traded.

Thank you for this information @taskmaster4450

That's actually a good point @taskmaster4450, I keep on forgetting that even though I just picked up quite a bit of Steem from internal market for the past several months.