![](https://steemitimages.com/DQmQeHjL6aScYoDVeFKJhM3KsUrCA7zdWWUMR9BFVbNE8yg/image.png)

Everyone is hyped about [Smart Media Tokens](https://smt.steem.io/) for various reasons. Funding their projects, creating communities, maybe just the fact STEEM can compete with Ethereum's ERC20 tokens.

![](https://steemitimages.com/DQmetmpTKH9DJxJbYQZTZ8Sd4Lm1vEnMcFbdM6FQNoCsXsf/image.png)

One of the most interesting parts is that it allows point-and-click ICOs. Name your token, the amount made, the distribution, how content rewards work, and how your ICO runs. **Poof, you have an ICO.** *That was easy.*

This may spark many new ICOs, which can be both a good or a bad thing, depending on your perspective.

Currently, there have been a lot of poorly written Ethereum ICOs, causing people to have their tokens stolen though exploits in the smart contracts. With a point and click UI on STEEM, this problem hopefully won't exist.

![](https://steemitimages.com/DQmRPyVbxpMkPo69XraYYhs3CEKTGUi76GJZyvZhMFVsZn2/image.png)

**The ability to mix and match tokens** makes this even more interesting. A post could pay in both "CHAINBB" and "GARDENING",  and it sounds like @busy are working on integrating SMT into SteemConnect, making it easy for developers to add support with little code.

![](https://steemitimages.com/DQmb2UUCB7ewp64ndND4gUhnz7GggGuS67oXs3PzjfCTTYR/image.png)

A Disqus-like comment module will help to encourage people to interact with your content on your blog. Often you might post things on your non-STEEM blog, and nobody comments. With tokenized comments, they're encourage to comment on your blog, give feedback etc. in return for a token issued by you.


**NOTE:** All images taken from the official SMT website. I do not take ownership of any of these images.

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# Conclusion

Overall, SMT is very interesting. I'm not sure how well it'll be adopted outside of the STEEM community. I expect a lot of people might use it just for the ICO capabilities. 

I personally can't wait until it comes out, and would love to experiment with creating my own tokens :)

Thank you @ned, @sneak, @val and all the others involved in the SMT project. It's sad that @dan / @dantheman isn't here, but I'm sure that EOS will be awesome too.

READ MORE (whitepaper available): https://smt.steem.io/


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