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RE: Why the proposal of leveraging the Steem Blockchain with Social Media Tokens is MASSIVE news..!! Effectively becoming a "Gold Backed Standard for Social Media"...!!"

in #steem • 7 years ago (edited)

I was reading SMT whitepaper, and it said all you need to create your token is 1 STEEM. I did not see the part where it said if and how much STEEM you would need to hold or leverage for your token. Is there any other source for this? Does it depent on the ammount of your tokens that you create?

7 years ago in #steem by
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     7 years ago  

    Depends what value you want to put on your Social Media Tokens when you launch it to your followers will depend on the amount of #Steem. Stephen

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     7 years ago  

    Hmm, ok, thanks, i guess i will need to get my hands on really detail analysis if i manage to find one. As for now it is still not clear to me.

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