Steemit to release smart media tokens

The largest social network on the blockchain, Steemit, announces the launch of a new cryptocurrency project
30 September 2017   1387

The largest social network on the blockchain, Steemit, announces the launch of a new cryptocurrency project. It aims at creating new revenue streams through consumer involvement, expanding the client base and developing the opportunities for content-oriented social platforms.

According to the project's whitepaper, Steem’s Smart Media Tokens (SMTs) are "to give anyone the power to launch and sell Proof-of-Brain tokens, which are tokens distributed by “upvote” and “like”-based algorithms and can be integrated with websites to align incentives and spur growth, while websites are empowered to adopt sustainable, currency-centric revenue models". 

Ned Scott, CEO Steemit, claims that the new software will allow leading media and social media platforms to create Smart Media Tokens (SMTs) based on Steem's blockchain.

As reported, the integration of a customizable and clever system of tokens will be available both for editions and small independent blogs on WordPress. On top of that, the system involves remuneration not only for publishers, but also for consumers based on their contribution: likes, comments and votes, which is to serve as the basis for new revenue streams.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.