Steem - Steem is a blockchain-based rewards platform for publishers to monetize content and grow community.
An SMT is a native digital asset on the Steem blockchain. SMTs can be launched by anyone to help monetize online content and create incentives to encourage desired user behavior. SMTs are like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.
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Basics
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About
To enable publishers to create tokens that help monetize content and grow communities
Tokens enable publishers to create mutually beneficial community based economic incentives to drive platform growth. Smart tokens with near instant settlement and zero transaction fees opens up new non-advertising business models. Publishers can also use the tokens to fundraise via an ‘Initial Coin Offering’ (ICO).
What are Smart Media Tokens?
A Smart Media Token (SMT) is a native digital asset on the Steem blockchain that can be quickly launched by anyone to help monetize online content and create incentives to encourage desired user behavior.
They're like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.