STEEM Riches: Do SMTs Bless SP Holders With More Tokens? Could Your SP Mean More Than Just STEEM?

We all know there are many advantages to holding STEEM in your account as Steem Power (SP). SP is a great hedge against the 9.5% annual inflation rate that exists with the creation of more tokens. At the same time, it allows us to grow our accounts and those of others quicker since our voting power increases. SP helps to take STEEM out of circulation which could have an impact on the price it trades at. Finally, SP helps the stability of the STEEM blockchain since a great deal of STEEM is essentially "reinvested" .

Now me might be able to add one more advantage to holding SP.

Could it be possible that SP actually gets you more tokens? Essentially, your STEEM holding could multiply your token holdings.

Most of us are aware of Smart Media Tokens (SMTs). That is a protocol that is being designed to create other tokens that go on the steem blockchain. These tokens are created to give the owners of content creation sites a "turnkey" operation through which they can implement the same curation/reward systemused here on Steemit.

I read a comment that was made the other day by @robert-call in a post done by @honeydew2002. Now some of this is speculation yet it appears we are seeing some consistency with these projections.

At present, there are two tokens that being created to participate on the curation/reward system. Both have announced that they are giving STEEM holders some of the new tokens. While the details are a bit sketchy as to the who, how, and how much per, we do have a few things outlined.

The first is from the article by @honeydew2002 who pointed out Vice's 400M airdrop of its new token to STEEM holders mentioned in the white paper. Again, we do not have many details other than knowing that STEEM is going to entitle some holders to the new Vice Network Token.

Here is article:

https://steemit.com/steem/@honeydew2002/steem-holders-get-free-money

Vice is really confusing to me since their white paper reads like the Steem Smart Media Token White Paper. I am not sure if there is going to be a fork, if Vice is going to set up on top of Steem, or they just hijacked the entire protocol (open source makes that easy) and is doing it on their own. Of course, the fact that 400M tokens are going to STEEM holders means there is some agreement.

One that does not confuse me was the first token announced using the SMT protocol, called Appics. This is an application that is meant to rival instagram.

Here is the article announcing that token:

https://steemit.com/steemit/@appics/announcing-appics-or-the-next-generation-social-app-or-first-smart-media-token

By the way, for those interested, the ICO pre-sale starts today:

Here is that announcement:

https://steemit.com/dtube/@sirwinchester/b3ordsbi

Getting back to what @robert-call posted in the comment section, here is a partial quote:

Not quite. I believe they plan to take one or several "snapshots" of the STEEM blockchain and distribute tokens based on how much SP you hold. @appics announced a similar plan at Steem Fest.

Now I admit I have do not know what @appics announces at Steem Fest personally. However, based upon what is written here, it sounds like SP holders will receive Appics' tokens when they become available. Why would they do this?

Think about it for a second, it makes perfect sense. If you have an app that you want people to use, what better way to increase the number of users than by giving the token to an already established community who understands the curation/reward system AND showed itself to be very active. Plus, if you created an Instagram competitor, wouldn't it be good to get together with a group of people who have little hesitation in announcing their distaste for Facebook?

Obviously, this is not something that came from nowhere. Another part of @robert-call's comment was a link to a 6 month old article written by @furion. This article (and the comments) proposed some ideas for not having tokens end up in the hands of only a few people. @furion put together a concept with a few parameters as to get tokens distributed to as many Steemians as possible while also cutting out spammers and accounts created in hopes of getting free tokens.

Here is the article:

https://steemit.com/token/@furion/giveaway-as-a-token-distribution-strategy

The reason I bring this up is not to discuss the merits of any of these ideas. Rather, I wanted to show there was some conversation 6 months ago about this. Was this just an individual who put together a post or were there conversations that extended to the developers too? Were there ongoing discussions at many levels of the steemian world about this subject? I doubt very likely this was an isolated article created because @furion needed something to write about. I surmise there were discussions somewhere about it.

Here we have two tokens announced under the SMT program which will be put in the hands of Steemians. Since they are the only two announced, should we presume that all tokens created under the SMT protocol will net SP holders additional tokens? I think it could be a logical conclusion.

STEEM is the most important token on this blockchain because all bandwidth is priced that way. There is no other avenue to acquire bandwidth other than to have STEEM. At present, over 70% of all STEEM is held in SP. That means that SP holders are really the ones at the core of this blockchain. Holders of SP are not solely investors but also active participants. That means anyone joining this ecosystem will benefit from the efforts of the SP holders. Of course, SP holders have a huge incentive for helping make a tokened app successful since it only increases the value of STEEM (a more successful app will require more bandwidth, priced in....STEEM).

In closing, there is some speculation here as to what is really going to occur. However, there were some facts delivered from both a white paper and directly from the creators of a token themselves. I think it is safe to say these two tokens are going to be given to Steemians and you can expect more in the future. How this all pans out remains to be seen.

Nevertheless, it appears this is a huge bonus to those holding SP.

STEEM is the gift that keeps on giving.

If you found this article informative, please give it an upvote and a re-steem.

Pictures by Google Images.