#Blockchain Steem Token Explained. Should you invest in Steem in 2018? Published 4 months ago on August 12, 2018 By Coinnounce - Coin Announcements Share Tweet Decoding the Blockchain powered Blogging platform. Introduction The cryptocurrencies are undoubtedly changing the face of financial industry though it’s amazing applications. Although Satoshi Nakamoto, wouldn’t have expected the growth of cryptocurrencies at this scale, during the invention of Bitcoin in the year 2009. In the Bitcoin Whitepaper, it was mentioned as a peer to peer electronic cash system which would completely eliminate the centralized authorities and physical currencies. Bitcoin was one of the most successful digital currency of its time as the other digital currencies were not secure and scalable enough to support the Global community. Achieving Consensus between communities of such higher scales were considered to be highly challenging without a Centralised authority, but Bitcoin proved then wrong. Let us read about Steem token and its uses. Steemit and the Steem tokens The Steem token in the cryptocurrency domain is the one which powers its content publishing platform, Steemit. Steemit is very similar to other blogging websites such as Medium, WordPress, or Reddit but the only prominent difference is that the website is powered by Blockchain Technology. The technology is so powerful that theoretically it is estimated that it is scalable enough to host the whole internet. The Steem tokens are used to reward the users of the website which helps in its development. The Steem tokens are not mined as usual but are awarded to its curators, content creators, and Power Hodlers. Here creators are nothing but bloggers, photographers, artists, poets, etc who constantly contribute for the platforms improvement. The mechanism is precisely known as Proof of Brain Concept. Further insights The creators receive a reward in developing better content, which is observed by receiving upvotes, in the form of the Steem tokens which can then be traded with the traditional Fiat currencies on exchanges like OpenLedger, Changelly, and Bittrex. The Steem tokens don’t have any fixed circulating supply and the inflation rate is fixed at 100% per year. The Steem tokens are a form of Smart Media Tokens or SMTs which can effectively be traded for other cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. The SMT tokens share much of the attribute of the ERC20 tokens. D.tube The Steemit community even has another service to offer to its customers. D.tube, which is considered to be very similar to YouTube, is Blockchain based and the users can realize the difference between the traditional video publishing websites and D.tube, as the amount of money earned is also displayed beside the post apart from likes shares and comments. Loopholes in Steemit? However, the Steemit community is accused of posting plagiarize contents on their publishing website. The irony seems to be reaching highest levels when the original content doesn’t receive much appreciation and income than the copied versions of it. It seems that the users are concentrating more towards earning money and not maintaining the overall sanity of the project. Is it a suitable option for investment? The token had lost its value and fell to almost $0.14 in the early months of 2017. However, the steem tokens are evaluated to be trading around $1.03 currently. However, in December 2017, the prices of the tokens reached $4 marks along with a sudden rise in its market capitalization. The investors have a firm belief in their skilled and open-minded developers and hence the community looks futuristic. They are most suitable for a long-term investment if their proposed roadmap is successfully implemented. However, in this highly unpredictable Crypto space, the development of the Steemit community is absolutely uncertain. Since the content publishing project is decentralized and completely based on the market forces of demand and supply, any prediction by the cryptocurrency professionals can’t be 100% accurate. Therefore, it is up to the Investor’s responsibility to make sure to conduct an effective background check on the Steem tokens. The disclaimer section of The Steem token in the powers its content publishing platform, Steemit; a blogging website powered by Blockchain Technology.must be given the top priority while doing the research, as this is the place where most of the prominent points are jotted. Conclusion The world requires a single Global cryptocurrency which would completely eliminate all the intermediaries and also the transactions as well as Forex charges. With so many cryptocurrencies competing with each other, to become the Global Currency. Some of the prominent currencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin have higher odds of becoming accepted in a globalized manner. However, based on their functional structures, the cryptocurrencies can be used in different domains. But one thing is for sure that the cryptocurrencies, still have ample of time to prove themselves, as the cryptocurrency market itself is in its initial stages. Related Topics:daytradingInvestingINVESTMENTSteemSteem blockchainSteem coinSteem cryptoSteem cryptocurrencySteem exchangeSteem investingSteem investment todaySteem tokenSteem token 2018Steem token tradeSteem tradingsteemitSteemit blockchainSteemit platformSteemit tokenSTMSTM analysisSTM cryptocurrencySTM tokenSTM token 2018STM token investmentSTM tradingSTMUSD Up Next Bitcoin Cash Price Analysis: BCH/USD squeeze underneath $600, 13 August. Don't Miss Ethereum Price Weekly Analysis: ETH/USD heavy declining. Continue Reading You may like Bitcoin institutional adoption rising: BTC price analysis Is Bitcoin ready for the Santa Rally: Off to $4400. Seven Popular Ways to Earn Bitcoin Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex Bitcoin panic selling made easier by Coinbase Ethereum Price Analysis: ETH falling to $55? 3 Comments 3 Comments Pingback: Steem Token Explained. Should you invest in Steem in 2018? – Btc News Magazine Pingback: Steem Token Explained. Should you invest in Steem in 2018? - Satoshiuncle Pingback: Steem Token Explained. Should you invest in Steem in 2018? – The Coinage Times Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Blockchain Bitcoin Coffee: The first blockchain coffee is a fact! Published 13 hours ago on December 18, 2018 By Guest Author Blockchain can be used for beautiful things. You can arrange and settle a lot through blockchain. Property rights, identity, but also, for example, the origin of products. How about coffee on the blockchain? Today you can buy the world’s first blockchain coffee: Token. This newly established coffee brand is an initiative of Moyee Coffee and FairChain Foundation that want to offer you full transparency about where your coffee comes from. Thanks to the blockchain, more money can go to the poor farmers. And that must make the world a little more honest. The token is the first coffee brand that is entirely transparent with blockchain technology. No more hard time for coffee farmers Nowadays, many coffee farmers have a hard time. They can barely cover their production costs, let alone social and environmental costs. According to the recently launched coffee brand Token, blockchain could provide the transparency and efficiency needed to change that. Blockchain technology makes the massive inequality in the coffee chain transparent for consumers. Token embraces this transparency and offers a solution. The first cargo of 60,000 kilos, produced by small coffee farmers and blockchain-traceable, is going to prove that an honestly distributed value chain is possible. Transparency Token attempts to become the world’s first complete end-to-end blockchain coffee. The token is a collaboration between Bext360, Moyee Coffee and the FairChain foundation. Their blockchain system makes it clear precisely what everyone deserves in every step of the chain. Inefficiencies and unnecessary intermediaries can thus be identified. According to the organizations, this transparency makes a fairer distribution of value throughout the chain possible. Blockchain technology makes the massive inequality in the coffee chain transparent to consumers. Token embraces this transparency and offers a solution. Does blockchain make coffee more honest? Most coffee is produced by a handful of large coffee companies that do not distribute the profits equitably. For example, the vast majority of the 25 million coffee farmers in the world can barely cover their production costs. Fortunately, there are more and more coffee brands who believe that blockchain can be used to make coffee more honest. This technology provides the transparency and efficiency needed to change this unfair system. The coffee chain Cryptocurrencies provide various modern opportunities; you can use on your daily basis. Presently, you can easily gamble with cryptocurrencies or invest your money in betting with crypto. For example, you can use a betting site Fairlay to bet on anything you want. You can also choose to build up more gradual assets by investing in the blockchain technology that lies behind all cryptocurrencies. The success of digital coins is possible thanks to the revolutionary blockchain technology. You can see that there are great opportunities for companies that develop blockchain services and for other companies that benefit from the digitization of the financial sector. To make the benefits of blockchain real, each bag of Token coffee is provided with a token. Every token is worth 50 cents that you can invest in part of the coffee chain via the KrypC Technologies platform. You can give it to the farmers who produce the coffee, but also to yourself by offering yourself a discount on your coffee. Gradual growth instead of a supercharger It is, of course, nice if you have made a significant profit with cryptocurrencies. Earning a lot of money gambling with crypto is possible. However, the chance that you have burned your fingers on the bitcoin is also quite significant. If you are tired of waking up every day with the uncertainty of having become 10% richer or poorer with a digital currency that night, you may want to consider putting your money in mutual funds. You then become for a tiny part owner of a large number of companies that make all kinds of articles and provide services. To be honest: you will not get rich with an investment in the fintech sector. Although the underlying trend is healthy, you run the risk with your assets, and it is essential to build a financial buffer and invest only with money that you can miss for a long time. How blockchain makes the world fairer? The blockchain ensures that the world becomes fairer. It offers safety and transparency. This technique can be used for all kinds of applications. How does blockchain work? The blockchain can be seen as a ledger containing the accounting of each transaction that has ever been done. Every time a new transaction is registered, it comes to a chain of existing data blocks of transactions. That is why we call this chain the blockchain. Information about companies can be recorded on the blockchain. This increases the chance of fair trade. Scandals can be prevented because the right information is available. Just think of the fraud with software in cars. That would not have been possible if all the information had been recorded on the blockchain. Multiple parties check the information. It would immediately have been discovered that something is not right. The registration on the blockchain would, therefore, be rejected. With such a discovery you are almost assured that it is made public. The blockchain can also work with clothing manufacturers. There could be registered where sweatshops are located. If a piece of clothing comes precisely from that area, it could be observed on the blockchain that it was not produced with respect for the man. Another example: elections are not fair all over the world. By registering votes on the blockchain, no more results can be tampered with. The blockchain tracks the information and verifies that the information is correct. Voice fraud is then impossible Fair gambling These days, we see that blockchain technology is being used more and more often in online casinos. Not only to be able to support payment instruments such as Bitcoin and altcoins but also in games themselves. For example, players can check whether a round in a game has been fair. We thank Davey Cross for this guest post. Continue Reading #Blockchain Can France become the Blockchain Nation? Published 4 days ago on December 14, 2018 By Layla Harding French MPs have recently put our a proposal trying to make France become the Blockchain Nation. This is a raft of 20 different proposals all aimed at trying to make France the number 1 Blockchain Nation specifically citing that they do not want to miss the train on this like they did the internet. MPs in France are proposing to have a 500 million euro investment fund in order to stimulate the blockchain industry in France. They are focusing on trying to get public institutions to get into blockchain. The proposals include the Central Bank of France issuing their own cryptocurrency and providing subsidies for cryptocurrency miners. Recently we did have legislation coming out of France that they want to make it much easier to have ICOs in France. They are aiming to attract teams from all over the world o come to France and have their ICOs. Writers thoughts: The central bank of different nations are planning to issue their own crypto assets but it recreates the problem that we are trying to solve with cryptocurrencies. Giving subsidies to cryptocurrency miners is not actually good for the crypto community as the mining industry should remain competitive. The government of different nations should not be giving them preferential energy rates especially in France where it is mostly a nuclear-powered nation. Setting up a legal framework for ICOs is exactly what is needed in terms of regulation. Along with all of this, there is also a formal taxation policy which is coming up in France and all of this coming together is quite awesome. This is regulatory clarity and this is what a lot of companies and institutions are desperately asking for. This is the main reason why more and more companies are moving to nations such as Malta, Japan, and Switzerland as they have regulatory certainty. France which is one of the world’s biggest economies is hopping on board with the new proposals, the recent announcements about ICOs, taxation, tobacco shops to sell bitcoin from next year and recently setting up something called the ‘Mediterranean Seven’ which includes Spain, Portugal, Cyprus, Italy and Greece led by France with the mission to improve education in usage of blockchain technology in industries such as healthcare, transport, land, company registry, shipping and much more. What are your thoughts on the above? Tell us in the comments section below. Continue Reading #Blockchain Blockchain and Oil Industry: IBM partners with ABNOC Published 1 week ago on December 11, 2018 By Janet F. Sanchez IBM is teaming up with the Abu Dhabi National Oil Company or ABNOC to create a blockchain supply chain system. The blockchain solution is currently only in its pilot phase but this is no small announcement for ADNOC as ADNOC has a daily output of about 3 million barrels of oil in 10.5 billion cubic feet of natural gas. ADNOC’s digital unit manager had the following to say about the blockchain pilot: “Blockchain is a game changer. It will substantially reduce our operating costs by eliminating time-consuming and labor-intensive processes. It will strengthen the marketing and trading of our products and create long-term sustainable value.” Blockchain for Oil The blockchain solution will also enable the ability to track every molecule of oil and its value from well to the customer. Also reducing the time to execute transactions between ADNOC’s operating companies and increase operational efficiencies and provide even greater transparency to the industry. The blockchain solution will surely increase the revenue for ADNOC and it may increase the efficiency of delivery and hopefully reduce waste. The oil industry is currently attempting to extract a little bit more wealth before the renewable revolution takes place. But even though we have a boom in renewables, the infrastructure is lacking in many places globally and oil is here to stay with us at least for some time in the coming future. This is the first oil blockchain solution which will surely attract more oil blockchain solutions in the coming future. The third industrial revolution will surely be not an oil-based revolution. The renewable revolution will basically be unstoppable. What do you think about the future of blockchain and oil industry? Tell us in the comments section below. Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin5 hours ago Bitcoin institutional adoption rising: BTC price analysis #Bitcoin Price Analysis10 hours ago Is Bitcoin ready for the Santa Rally: Off to $4400. #Blockchain13 hours ago Bitcoin Coffee: The first blockchain coffee is a fact! #Gambling18 hours ago Crypto Casinos: 5 Reasons Why They Are Better Than Traditional Casinos #Bitcoin1 day ago Seven Popular Ways to Earn Bitcoin #Bitcoin1 day ago Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex #Bitcoin1 day ago Hong Kong tightening Bitcoin laws amidst the cryptocurrency market crash #Bitcoin2 days ago Bitcoin Price: How Investor Emotions Affect Crypto Prices #Bitcoin2 days ago Bitcoin panic selling made easier by Coinbase #Bitcoin3 days ago 1.3 million Bitmain S9 miners turned off: Bitcoin Mining no longer profitable #Ethereum3 days ago Ethereum Miners are the best targets for Hackers, ETH mining is not profitable #Ethereum Price Analysis3 days ago Ethereum Price Analysis: ETH falling to $55? #Bitcoin4 days ago Cryptocurrency Market Update: Bitcoin falling to $2500? #Blockchain4 days ago Can France become the Blockchain Nation? #Ethereum4 days ago Do We Really Want To Tokenize Everything? And Can We? Live Crypto Prices BTCUSDAUDCADEURBitcoin(BTC) 3575.74705655Ethereum(ETH) 94.86930677EOS(EOS) 2.5270752284Bitcoin Cash(BCH) 101.356720791Litecoin(LTC) 28.8055081199TRON(TRX) 0.0143245774Cardano(ADA) 0.0331307396Dash(DASH) 70.4193745374NEM(XEM) 0.0650952206 Trending Adoption3 months ago SWIFT will use XRapid to process payments using XRP. Here is the proof #Bitcoin3 months ago Bitcoin BTC ETF 101, October 2018 #Blockchain4 months ago What is DigixDAO coin? Trade DigixDAO on Blockonix Exchange. #Blockchain5 months ago What is Aeternity Token and its future? Fully Explained. #Blockchain4 months ago What is Mithril coin? Trade MITH on Blockonix exchange. #Blockchain5 months ago Ethereum vs EOS: Which one is the Vanquisher? #Blockchain5 months ago What is Maker Token? Fully Explained. Is MKR overpriced? #Bitcoin4 months ago How to buy Bitcoins in Sri lanka? Explained.