RE: SMT Burn Up: ICO Issues Complete! RC Delegation Pools Functional
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Can someone ELI5 on how do SMT's capture value for underlying STEEM token?
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You are viewing a single comment's thread:
Can someone ELI5 on how do SMT's capture value for underlying STEEM token?
You need RC in order for your SMT to be able to do things. In order to get RC, you need to stake STEEM as SP.
There is more, but that's a shot at an ELI5. What do you think @furion?
Maybe also the RC delegation will enable you to earn SMTs as reward?
Maybe , if there are SMT bid bots and im sure @booster and @postpromoter and @boomerang will be right there to take SMTs to upvote with SMts and youll delegate to them for passive SMT income, just like people do that now with SCOt token bid bots already listed on https://steembottracker.com
fgnn
Resource Credits do not impact any ability to assign rewards, just transact on the blockchain. If it makes business sense for someone to use RCs and wants to pay in SMTs, then they are free to do so. But the blockchain will not use RCs as a way to earn SMT rewards.