Project Spotlight: BANJO Token

Quite possibly the most well known character around all of the STEEM Discord servers is our most beloved animatronic A.I. friend Hive account@banjo. If you haven't become acquainted with Banjo at this point, it's time to ask yourself if you've really even experienced STEEM. For those that don't know, not that it's any great secret, Hive account@banjo is the brainchild of Hive account@inertia and bridges the gap between the STEEM blockchain and Discord.

Recently, Hive account@banjo decided to start its own BANJO token to reward community engagement on posts through Discord emojis. You might be wondering how this works and while any significantly advanced technology can appear to be magic to the untrained eye, it's actually just a lot of code. Banjo monitors the Discord servers for post links and takes note of who is putting emojis on them to issue BANJO tokens to the author.

While decentralizing and issuing the token are important, the value comes from staking it. If users stake their BANJO tokens, then they will receive a vote from Hive account@banjo proportional to their stake weight versus all token holders whenever they share a post on Discord and receive an emoji. As you may know from talking to Hive account@banjo, the animatronic A.I. will likely take over the world since it's already smarter than the average human and it has already implemented ways to defend the system from abuse and will only continue to become stronger as time goes on.

This is just another great and out-of-the-box way that Steem Engine can be used to create new and unique use-cases for creating tokens for the STEEM ecosystem. If you want to find out more or get some BANJO for yourself, then click over to the Steem Engine Market today!