Swapsteem - SWEET token to be converted to Miner token

Hello Steemians,

As a Team of Entrepreneurs, Thinkers and Developers at @swapsteem, we have been working on a lot of things to promote the steem blockchain and make it reachable to anyone on the globe.

What is SWEET

SWEET (Swapsteem Engineering and Enhancement Team) Token is a token issued on the steem-engine platform by @swapsteem. The token was created with a vision to pay the team members for their contribution to the project but has been opened to everyone so that anyone can be a part of the team and contribute to overall development of swapsteem. This includes holding, staking and trading of tokens as well as other contributions like promoting the platform and it's services and doing the development of the open source application.

What is STIP

STIP is a token that can be rewarded to any author on steem by commenting on their post with command !stip. The tipped user gets 10 STIP tokens from the tip pool. 50% of the STIP tokens are reserved for the Tip pool to be distributed via the !stip command.

We also have created Sweet-Bot,a discord bot that allows tipping with steem engine tokens on discord. @banjo is another bot that provides similar feature of tipping with steem engine tokens.

What is mining

In the crypto world, Mining is way to claim newly inflated tokens. Bitcoin is mined using special hardware called ASICs while Steem is mined via custom strategies called Proof of Brain and Delegated Proof of Stake.

SWEET and Proof of Stake Mining

SWEET token will be used as a miner token to mine the STIP token. Other tokens created by @swapsteem will also be added to the mined token list. 40% of STIP tokens will be mined via PoS mining based on users SWEET stake. Everyday 10,000 tokens will be distributed among the stakers of SWEET tokens.

The SWEET SCOT

We are using our in house solution for PoS mining and Distribution via comments feature built under the @steem-automation project.
If you are a token owner and interested in using our SCOT services, you can join our discord and discuss your use case with us. We are offering the SCOT services at affordable prices to help you start off with your own communities.

When Launch

Mining of STIP token via proof of Stake and Comment based distribution starts 15th July, 2019. You can buy and stake your SWEET tokens at cheaper price till we announce the launch of mining and distribution.