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RE: Understanding SMT Features

in #smts • 5 years ago

While most of the features of STEEM that have been included within SMTs have customizable parameters, one that does not is the Power Down

So there's no power down at all ? Or is it just not configurable (and will be 13 weeks for every SMT out there) ? If it's the first, no possibility for developing incentive for staking tokens then for SMT emitters ? It would seem like a MAJOR feature of Steem and Proof-of-Brain has been forgotten here...

Can part of the inflation be used for a proposals system like Steem has ?

Would it be possible to just distribute inflation equally among all holders of one SMT (independently of individual stakes of said SMT) ?

Thanks in advance for the answers.

5 years ago in #smts by
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     5 years ago  

    It's just not configurable. The power down period is 13 weeks just like Steem Power. It could be made configurable in V2

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     5 years ago  

    I assume that a 13 week power down would be unchangeable for SMTs created during V1 even after the implementation of V2?

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       5 years ago (edited) 

      None of the SMT paramaters can be changed after creation. The natural upgrade path for SMTs to make these kinds of changes is to create a new one, airdrop on 1:1 basis to existing holders, and the encourage the community to switch. How readily a community might or might not switch and the ability of the SMT creator to encourage such switching will vary depending on the situation.

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