Viewing a response to: @yabapmatt/re-andybets-re-dragosroua-re-andybets-re-dragosroua-how-to-deploy-your-own-smart-media-token-on-the-steem-blockchain-the-smt-white-paper-series-ep-one-20170929t191921054z
I agree with (1), but think that it needs to be new vesting rather than proof of existing vesting.
author | andybets |
---|---|
permlink | re-yabapmatt-re-andybets-re-dragosroua-re-andybets-re-dragosroua-how-to-deploy-your-own-smart-media-token-on-the-steem-blockchain-the-smt-white-paper-series-ep-one-20170929t192836876z |
category | steemit |
json_metadata | {"tags":["steemit"],"app":"steemit/0.1"} |
created | 2017-09-29 19:28:36 |
last_update | 2017-09-29 19:28:36 |
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root_title | "How To Deploy Your Own Smart Media Token On The Steem Blockchain - The SMT White Paper Series, Ep. One" |
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Yes, on re-read you are correct. The whitepaper says: >In this ICO, you donβt send STEEM to the issuer in exchange for tokens. Instead, you vest STEEM (to yourself), and tokens are issued to you equal to the STEEM you vested. So it is newly vested STEEM (to yourself) which is your payment into the ICO. Not sure why anyone would really want to do this, but it's an interesting concept. Would love to hear a use case.
author | yabapmatt |
---|---|
permlink | re-andybets-re-yabapmatt-re-andybets-re-dragosroua-re-andybets-re-dragosroua-how-to-deploy-your-own-smart-media-token-on-the-steem-blockchain-the-smt-white-paper-series-ep-one-20170929t195555112z |
category | steemit |
json_metadata | {"tags":["steemit"],"app":"steemit/0.1"} |
created | 2017-09-29 19:55:54 |
last_update | 2017-09-29 19:55:54 |
depth | 6 |
children | 0 |
last_payout | 2017-10-06 19:55:54 |
cashout_time | 1969-12-31 23:59:59 |
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root_title | "How To Deploy Your Own Smart Media Token On The Steem Blockchain - The SMT White Paper Series, Ep. One" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
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author_curate_reward | "" |
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