Well, this is something no different from Adnetwork tokens which will also give you some access to date of where your traffic from and where to get more traffic.
How does the team make the token useful in their platform? ARe we able to use the SMT to buy something?
Hello!
Thank you for your question and for your interest in our project!
So let me explain the difference between SocialMedia.Market and Adnetwork. SocialMedia.Market is a platform, designed for Influencer Marketing. Influencer Marketing is about content, created by bloggers and published in social media networks like Instagram, Twitter, YouTube, etc. This kind of content gives marketers a wide range of application. From straight forward advertisement of a product to creation of a social conversation around their brand.
From a brief research on Adnetwork, it looks like they are building an “Advertising network” on Blockchain. That’s a completely different business model – they connect advertisers with websites willing to host advertisements. Mainly advertising networks work with banners.
Social Media Token (SMT) is designed to be the currency of SocialMedia.Market ecosystem, facilitating fund transfers between business, influencers or agents. Basically, SMT is the internal currency of the platform and it will ensure transactions, data validity, campaign and contract creation. So you can easily pay with SMT for influencers campaigns or vice versa.
Here's a short list of advantages SMT will provide to all parties as a single currency: 100% safe escrow transactions based on Blockchain technology; low-cost transactions with less operation fees; simplified and fast global payments; earn rewards by participating in the decentralized dispute solution system; utility tool for acquiring outstanding marketing services; premium analytics and development instruments.
We I hope that we answered your question and all is clear for now. But don't hesitate to contact us if you have any additional questions;) We will be happy to provide you with any details!
