Decentralizing the Reward Structure

If you haven't noticed, there's been quite a bit of different thoughts on how the STEEM blockchain should be updated to fix the rewards pool. One thing is for certain though, no matter which updates or variations we make to the way rewards are calculated, it's not going to immediately fix the distribution problem on STEEM. While we can hope to find the right balance of rewards to get stakeholders voting and curating content on the platform, Steem Engine is providing alternatives that you can take advantage of right now.

The addition of Scot Bot and Nitrous Instances are the perfect way innovate the rewards model for your community or niche. Got a great idea on how to build your own version of steemit and grow a top-notch community? You can create your own token, determine the initial distribution as you see fit, and then set up the rewards structure in a way that will work for you and your users. Why wait for anyone else to fix the problems that you see when you can do it yourself?

We've already seen several great examples of communities launching their own front-ends and tokens on Steem Engine. With a well thought out plan and a solid white paper, the community can behind you while you take the lead in making STEEM fit your vision and bring it to the masses. Maybe there is no one-size-fits-all solution to blockchain social media and what we really need is to decentralize the reward pools and create many communities all growing out of the same ecosystem. Come talk to us about how we can help you build your own token and front end on Steem Engine today!