@steemhunt Continues To Be A Trailblazer

The news out of this team keeps coming at a rapid pace.

As most of us are aware, Steemhunt is holding their IEO. This is a first for a Steem based application. They are using 4 different exchanges and are on their third. This one is being held on the Daybit exchange.

Daybit is going to be listing the token after the IEO ends. It will be sometime late April or in early May. The sale starts on April 8th and will run through the 12th.

This one is going to have a bit of a twist. According to their announcement, they are going to be giving away 400K HUNT tokens as prizes for those who purchase. There are different levels given for the top 3 purchases along with one hundred other prizes of 2,000 apiece.

All the details are contained in this post.

https://steempeak.com/steemhunt/@steemhunt/the-last-ieo-round-with-usd8-000-worth-of-prizes-new-experiment-in-token-listing-strategy

The IEO push is garnering Steemhunt a lot of hits on their site. Their monthly visits are topping 660,000 now. That is an enormous jump and placing a lot of eyeballs on Steem.

One development that is becoming clear is that Steemhunt is working on the link between HUNT and fiat. We cannot escape the fact that we are operating in a fiat world with the USD the most common currency. Businesses, at this time, are not budgeted in cryptocurrency. They use regular dollars to operate. When reaching out, it is important to "speak their language". In this case, it is "use their money".

The first part of this is a very simple but is overlooked. In fact, I never saw anyone else mention it.

We all know how difficult it is to do the numbers for tax purposes on cryptocurrency transactions. This is magnified if we do a lot of trading. Many consider cryptocurrency to be a security, hence the accounting not only deals with the transactions themselves, but the exchange rate (whether it appreciated or depreciated).

Steemhunt is looking to get around this. By reaching out to businesses that are looking to promote to their products to Hunters, they are going to deal with these companies in their native currency. This makes the accounting a lot easier. In my mind, this will make it a more attractive process to know the deal is structured in USD on their end.

They also altered their bounty program which started a little less than a year ago. Steemhunt is offering tokens to those who spread the word about the project. Many thousands are earning tokens for writing articles, doing videos, and engaging in other social media. Until now, all the payouts of HUNT were based upon a determined number of tokens.

As soon as the HUNT is listed on Daybit, this is going to change. At that point, there will be a market value for the token set meaning that all payouts for the bounty program will be based upon that. This is a radical shift from the past 10 months. Having a traded token with true price discovery has many advantages.

This will also apply to the posts done on the platform.

And here you get the proverbial "but wait, there is more". This is also the best part.

For those who delegate SP to Steemhunt, there will now be a 20% APR on all delegation. This will be paid out in a combination of STEEM, SBD, and HUNT. Once again, we see the value of having a market value set for the token.

This sure beats what the banks around the world are paying on the CDs.

One of the points mentioned is this return is higher than the payouts on Bidbots. We know the discussions (I will be nice) that take place over the use of them. There are some who feel they should be banned from the Steem platform. Here, we see, a market based solution that addresses the problem while also growing the influence of Steemhunt which does a great deal of upvoting for those who use their site.

Offer a better return and that is where the money will flow.

https://steempeak.com/steemhunt/@steemhunt/introducing-market-price-pegged-hunt-bounty-program

This also shows the power of token creation. What if you do not have any SP to delegate but are active on the Steemhunt platform? One can take those HUNT tokens, convert them to STEEM, power up, and delegate it. This will enable one to participate in the return without having the SP.

It would be even better if one could delegate HUNT even before SMT. This will help to keep the value of the HUNT up while deterring the selling of the token.

Welcome to crypto-economics. This is what makes Steem so powerful. We see people in a position to earn tokens through their activities which then can be used to build wealth. This is vital to the progress of humanity.

Using the 2 cents that HUNT is being sold for, $500 is 25,000 tokens. There are many who got involved in the bounty who accumulated that amount. The discord is full of people posting their promotional materials. There was a time when each article was getting a few thousand HUNT.

If we take this amount and delegate it, for 10 years, that $500 at 20% grows into just shy of $3,100. While that is not rich in most countries, it is a nice return for posting the equivalent of 12-15 articles and then setting the money aside.

The Steemhunt team continues to innovate and come up with new ideas. It is one of the trailblazers, not only on Steem but, in the crypto world. With other Steem based applications also heading towards IEO, I expect we will see other opportunities.

The future is bright on the STEEM blockchain.

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