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RE: SMTs, SCOT, Tokenization, and SBI
🤔 When there are more and more SMTs handled on the Steem blockchain, will it have a positive effect for the value/price of STEEM or a more contra-productive effect because of more alternatives to the STEEM token?
I don't know so much about all the technical interactions but maybe somebody has already figured it out 😊 Thank you...@peekbit
All those tokens has their transaction broadcasted on STEEM blockchain thus increasing the chain use and needs RC which increase the need to stake STEEM
Oh yes - of course... Thank you @ucukertz 😊 @peekbit
That's the hope.
SP has several core use-cases:
Liquid STEEM has potential to power up, but is also used as transactional currency for voting services, games, etc.
Actual nexus of supply/demand depends on the overall demand driven by all these use cases, relative to the supply (powering down, liquid rewards, etc.)
If SMTs are a moderate success and reward distribution schemes from SCOT and SMTs soak up the SP demand for influencing reward pool distribution, but there is not enough new account growth (driving up demand for base SP levels to support RC creation) then it's feasible that STEEM could actually go down instead of up.
If SMTs are a smashing success, then new account growth would drive up SP demand for RCs and the success should cause STEEM price to rise.
Reality is always more nuanced than we would like it to be.
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