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Steemit Launches Smart Media Tokens on a Testnet

Sying Tien

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Steemit Launches Smart Media Tokens on a Testnet

Steemit, the blockchain based blogging and social media platform where everyone gets paid for creating content, has released a new token-launching protocol, Smart Media Tokens (SMTs), on a testnet.

Users can use the newly launched token “Smart Media Tokens” to create a new cryptocurrency with 3-second fee-less transfers, without having to write a single line of code. SMTs will allow any publisher, creator, or entrepreneur to launch their own custom token on the Steem blockchain, which will help them monetize their digital content and reward consumers who engage with their content through likes, votes, views, shares, and comments.

A screenshot of Smart Media Tokens website

SMTs have been live on testnet now for over 40 days, making this hardfork already the most tested hardfork in Steem’s history.

According to Steemit’s announcement, entrepreneurs using SMTs will benefit from the state-of-the-art properties that come from being powered by the Steem blockchain, including three-second block times, zero fees, and its ‘Proof-of-Brain’ algorithm, which autonomously distributes tokens to the most valuable members of a community. And because Steem was designed from the ground up to power web applications, SMTs will integrate easily into any established website, app, or platform, making it simple for mainstream creators and entrepreneurs to access the fastest-growing industry in fintech and immediately begin generating revenue at virtually no cost.


What is Steemit?

Steemit is a blockchain based blogging and social media platform such as Redit, it offers rewards to its users in STEEM coins cryptocurrency for publishing and creating content. Steemit users can also earn STEEM coins for commenting and upvoting other posts.

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

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OKEx Exchange Adds Basic Attention Token

Sying Tien

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OKex-Adds-BAT-token

Basic Attention Token (BAT) has been added to OKEx cryptocurrency exchange. BAT tokens deposit has been enabled today and token trading will be enabled tomorrow. This is a great news for BAT community as OKEx is ranked among the top 15 exchanges with a daily trading volume of $1,519,756,182.

OKEx is a Malta-based cryptocurrency exchange. It was founded in 2017 by Star Xu.

What is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is a digital advertising token which is built on the Ethereum blockchain. BAT project was created by Brendan Eich the creator of JavaScript and a co-founder of Mozilla foundation.

BAT is utilized within the Brave browser which is an opensource cryptocurrency based web browser that allows users to earn Basic Attention Tokens (BAT), by browsing and publishing content. BAT can be used to pay content creators and publishers through tips by their fans and users will also earn BAT cryprocurrency for viewing ads.

BAT/USD Price

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IOTA Releases an Updated Wallet To Fix Trinity’s Security Vulnerability

M. Ali

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IOTA Hack

IOTA’s team has released an updated version of it’s own Trinity wallet to fix some serious security vulnerabilities that allowed hackers to exploit Trinity wallet that was released by IOTA last summer. The new updates is available for Trinity Desktop, Android and IOS

Almost all IOTA’s users who have opened any version of Trinity (Desktop or Mobile) since the 17th of December 2019 are affected by this attack. Yet, only 10 wallets were hacked if not more.

A Reddit post about the recent attack

Iota team said that they are working with law enforcement and cybersecurity experts to track down the attackers. Yet, IOTA has revealed very few details about the attack.

A large amount of IOTA tokens have been stolen. The team predicts that $300,000 to $1.2 million worth of IOTA has been stolen so far. According to IOTA’s Team, the hack started on or around 25 January 2020 and that only Trinity Desktop users’ seeds were potentially compromised.

IOTA will implement a KYC procedure involving a third party that will enable all users who had their tokens stolen to reclaim them.

What is IOTA?

IOTA is a free and scaleable transaction settlement and data transfer layer for the Internet of Things (IoT). It is based on a novel distributed ledger technology, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system.

IOTA USD price chart for the last 7 days:

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Enjin Goes Live

Sying Tien

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Enjin (ENJ) , the blockchain gaming platform is now live on Ethereum Mainnet. Enjin project is a robust, all-in-one blockchain game development platform that helps developers crowdfund, grow, monetize, and design the digital world of their dreams.

To celebrate the public launch of the new Enjin Platform, Enjin will be giving away limited-edition collectibles, ENJ based gaming assets and 50,000 Enjin coins.

Enjin has its own marketplace EnjinX, where users can buy/trade any ERC-1155 assets to used in Enjin based games. The market is currently charging 2.5% trading fees.

Last year, Enjin announced a partnership with Samsung that integrated ENJ technology with Samsung Galaxy S10 models. This announcement sent the price skyrocketing and created a major media buzz for Enjin Coin (ENJ).

All assets/items created using Enjin’s development platform are backed by a nominal amount of Enjin Coin (ENJ) to certify their authenticity. The Enjin Coin ICO was held in 2017, raising approximately $22 million worth of ETH.

Enjin (ENJ) Coin Price Chart

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