Steemish was developed on the Ethereum blockchain for the SteemThat.com community.
Unlike A Traditional ICO Which might be considered Illegal in some areas of the world, Steemish Is A Token Event. Unlike Most High Risk ICO’s That Have Zero Development, Zero Testing, And Zero Guarantee They Will Even Launch, Steemish is tied to the small beta community https://SteemThat.com. This niche social network is super simple to use and will help solidify ongoing support for the fledgling token. Building a community around the crypto currency increases the success rate exponentially. There are zero guarantees of course but data is data right?
FAST 1 Minute Overview Video!
Steemish along with SteemThat already have proven to be successful at recruiting and gaining active members. We have already tested the rewards structure and done our homework and over the last 6 months invested thousands of development hours into a rock solid social media platform that will make all others say, “Wish we had those features!” We are literally light waves ahead of the competition and a sleeping Giant that has been awoken in the year 2018!
Inspired in part by the social crypto STEEM and an old platform called Squidoo.. SteemThat.com actually provides more than just a blogging platform. Nothing About It Is Scammy Or Mysterious. Everything Is Published And Open As It Should Be.
SteemThat.com provides a full social network that works hand in hand with the blogging platform. If you tried Steemit and thought it was just too hard and difficult to figure out then you’ll love SteemThat.com which has made it super simple to start earning rewards for your social media activities. Read The Short And Sweet White Paper Now.
SteemThat rewards users with Steem That Tokens that are off the blockchain and is much like a traditional rewards points system. Users earn these tokens while performing work that they often do on other social media websites for free! I know it is crazy, they build wealth for huge corporations and get nothing in return.
Now with SteemThat.com when members make friends, comment, write posts and messages they earn Steem That Tokens.
They can use these tokens for access to features within the website, trade with other members, or exchange them for Liquid Steem That Tokens. The best thing about Liquid Steem That Tokens is that when you acquire enough of them you can trade them for STEEMISH a real trade-able crypto currency token built on the Ethereum Block Chain.
TOKEN STRUCTURE AND ALLOCATION OF TOKENS
There Will Only Be 120,000 Steem That Tokens Reward Points Issued In 2018. These Beta Tokens Can Be Traded For Liquid Steem That Tokens At A Rate Of 2 Tokens Per One Liquid. This Means That There Will Be 60,000 Liquid Steem That Available In 2018. These Will Be Allocated At A Rate Of 10,000 Steem That Tokens Per Month To Be Rewarded To Community Members. This allows for a potential of 5000 Steem That Liquid Tokens Per Month To Be Exchanged For Steemish Tokens. The Rate Of Rewards Currently Is Published Here And Can Be Scaled As Needed For Deflation or Inflation. 2 Liquid Steem That Tokens Could Be Traded For 1 Steemish Ethereum Blockchain Built Tokens. (*We Still Need This Exchange Built Which Should Not Be Too Complex Or Expensive.)
With Our Current Beta Testing We Have Determined That We Would Potentially Need To Double The Issuance Of Steem That Tokens Every Year For 4 Years. This is depending on growth but is consistent with our estimated growth patterns. After 4 Years The Community Should Be Solidly Established And Voting Of All Holders Of The Tokens Can Be Done To Determine If There Will Be Future Rewards For Content Creators or Consumers Of The Website. There may not need to be any such further community commitments as the token should be well established by this point.
Steem That Tokens:
120,000 Year One Available Rewards Points.
240,000 Year Two Available Rewards Points.
480,000 Year Three Available Rewards Points.
960,000 Year Four Available Rewards Points.
*Tokens Not Consumed By The End Of The Calendar Year Will Be Burned!
Liquid Steem That:
60,000 Year One Available For Exchange For Steemish
120,000 Year Two Available For Exchange For Steemish
240,000 Year Three Available For Exchange For Steemish
480,000 Year Four Available For Exchange For Steemish
*The Max Possible Would Be 550,000 Steemish Being Allocated For The Community Members Works.
HOW MANY STEEMISH TOKENS WILL BE CREATED?
What we would like to do is trade 2 Liquid Steem That Tokens For One Steemish Tokens. This Would Mean That If Everyone In Year One Traded Their Liquid Steem That Tokens Their Would Be A Max Potential For 30,000 Steemish To Be Available For Trade In The Exchanges. The Total Potential Available If None Were Traded Or Exchanged In Year Two Would Be 90,000 Steemish. At The End Of Year Three If None Were Exchanged In The First 2 Years The Max Potential of 210,000 Steemish Would Be Available For Exchange. At The End Of Year Four If No Liquid Steem That Tokens Had Been Exchanged Until The End The Max Potential That Could Be Exchanged Would Equal A Total Of 550,000 Steemish.
Why Do You Need To Know That Number? Because That Number Is The Magic Number That Makes The Math Work For The Steemish Token. Let’s Look At The Chart Below And Then Look At The Total Number Of Steemish Tokens That Will Be Created On The Blockchain!
The Social Media Platform Will Reward Users A Consistent Fair Published Rate For Their Work For A Period Of 4 Years. This will help build a community around the Steemish Token That Will Be Traded On Exchanges That Trade Ethereum. This Token Will Need To Be Mined Also.
The Amount Needed To Fullfill The Rewards Pool For 4 Years Worth Or Work At The Target Numbers Presented Was 550,000.
When We Add The Founders Vault of 1,000,000 Steemish to be divided equally among the founders and unable to be traded for 6 months, we have a total of 1,550,000 Steemish needed.
When We Add The Marketing Of 1,000,000 Steemish to be spent according to the marketing plan in the white paper we have a total of 2,550,000 steemish needed.
Next we add the future development costs of 5% which is small because we have developed so much on the front end already. We add the additional 500,000 to our existing 2,550,000 and we now have 3,050,000.
Add The Amount Of Steemish To Be Sold And We Now Have A Total Of 10,100,000 Steemish To Be Created.
Want To See The Code? Check Out Our Etherscan Here.
This is a small Crypto ICO at this point for Steemish. The white paper has more details but this it the meat of it all. The white paper should also include the marketing plan and the overall concept of community development and rewarding early adopters during that critical time period. Why and How the small community is essential to stabilizing the Steemish Token during it’s infancy should also be included in the White Paper.
*This Is Not An Investment. This Is Not A Financial Instrument or Security or Bond. This is not an offer or promise of any financial gain or incentive.
SteemThat.com Road Map 2018
Don’t Miss Out On This One!
Buy SteemThat Tokens Or Buy Steemish BlockChain Tokens
We Have Chosen To Use Proof Management Platform For The Steemish Token Event!
The following wallets should be compatible with Steemish:
- MyEtherWallet (no download needed)
- MetaMask (Firefox and Chrome browser addon)
- Mist (Desktop)
- imToken (iPhone)
- imToken (Android)
How Much Discount Will You Miss Out On If You Don’t Act Now?
HOW DOES STEEMISH HAVE VALUE?
How Does Steemish Have Value?
Much like other digital alt currencies Steemish is built on an immutable blockchain. It is actually built using the ERC-20 Protocol And Built on The Ethereum BlockChain which is a distributed blockchain. We know that there are a few things that effect the value of any crypto-currency. One thing for sure is that the value is subjective. I personally would not buy a digital bitcoin that has zero tangible value or emotional value for anywhere near the price it is at now. However, there are others that find value in it. Each person will find value in a crypto currency differently.
Some things that effect value like supply and demand for instance we can control somewhat. We decided to make a 4 year plan that you can read about in the full white paper that involves the community and growth of the community and we capped the amount of Steemish Tokens that will be created during this time to 10,100,000. After The First Year Of Distribution The Supply Will Continue To Become Less And Less Over Time.
There is a store of value component to every cryptocurrency at some level. Steemish traded under the symbol Stish, has been guaranteed to never be sold below $1 USD by the primary holder which is SteemThat.com after the Initial ICO event. Left-over tokens will be listed for sale at $1 usd or above if the exchange value rises. We are not in this to make millions and leave everyone holding a bunch of worthless tokens. We have a long term vision and would love to see everyone prosper if possible. There are tokens set-aside for marketing, future development costs, and founders fees all detailed in the white paper. Crypto Currency Tokens Have Risk. They are not for investment purposes though some do seem to be used that way.
There will only be 7 million Steemish Tokens Available During The ICO Steemish Event. With the ridiculous early bird/angel participants and the other varied discounted rates there will be ample margins that can be taken advantage of once a formal exchange is set-up. Which most of the early funds received will go to setup such an exchange. We will invest 50% Of The Funds Raised From The ICO Into The Community Curation Accounts. This will help drive the price of Steem up and also help each holder of Steemish get curated when the upvote bots have enough power. Think of 6 community upvote bots with one million Steem power combined upvoting everyone that is in the community! Would you pay to join a group like this? I know I would. Steemish at some point will be required for membership at SteemThat.com. If people want in they will need to buy some STISH.
Steemish Is Built Around A Social Network. This Alone Adds Value Especially When The Network Helps Users Earn Rewards From Steemit and SteemThat.com. I personally would like to put 50% of all funds raised from the ICO into an Escrow account to help stabilize markets by hiring a market maker manager. Then Put 40% Toward Development And Rapid Growth with 10 Percent going to compensate the Founder for 6 months worth of work and a 4 year commitment to running the project. If we were to sell all of the 7 Million Steemish That Would Make Me The Lowest Paid ICO successful startup ever. This isn’t about just me and my small team this is much bigger than just us. Of course after the ICO event we still have 30% Steemish in reserves for Marketing, Future Dev Costs, Rewards Pool Funding and Founders Fees which cannot be sold for 6 months as they will not be distributed until summer of 2018.
The trick will be to have something so amazing like powerful bots, the best guides and tricks, the best community of supporters, the best tools your ICO money can build, bigger better more equitable rewards, so that people are knocking at the door to get in! But to get in they have to have Steemish. To get Steemish (STISH) you have to buy it from someone that owns it. Since there is a limited supply then supply and demand will determine the value. SteemThat.com Will Dominate The Go To Space For Steemians!
How Will Steemish Make An Impact?
The real supplemental impact is huge for Steemit. Quality Writers That Might Not Be Earning What They Should Might Stick Around Until They Gain Followers And Support And SteemThat.com helps bring that together on a human level. The impact on people world wide is huge. Many people that have access in undeveloped parts of the world can earn more from writing articles than carrying guns for their military. Steemish in this respect helps resolve world conflicts, starvation and education concerns of many under developed nations. But what about developed nations? That is the great thing about SteemThat.com it is equitable with it’s rewards system. Everyone receives the same rewards no matter if you are black, white, Asian, Indian, Mexican, Male or Female, Religious or Non- Religious, tall or skinny, old or young rich or poor. The system is very fair.
There are many people that I have met over the last few months that were beyond grateful for the upvotes they received from SteemThat.com not just from the auto curation services and the @steemthat bot on steemit but from the community. One thing that @pandorasbox on Steemit contributed which was huge, was the idea of rewarding those that purchase Steemish tokens to also have access to our Auto Curation services. So not only do you get a Steemish for your participation but you get some rewards on the back side also that can help offset your Participation.
One way we could do this is by allowing members of SteemThat.com who buy Steem That Tokens to get the same ICO rates as those that participate in the ICO off the website. So members could purchase 100 Steem That Tokens for SBD, STEEM, ETHEREUM, BTC, USD through our existing market place. They could exchange those purchased tokens for STEEMISH at the same $ for $ rate. So currently 4 Steem That Tokens are required for 1 Steemish. If They Were Purchased During The 50% Discount Period You Would Only Need 2 Steem That Tokens To Get 1 Steemish! At 75% you could get 1 Steemish for 3 Steem That Tokens. This is for members only of course. This would allow for a quick boost to the curation specialists.
Those That Purchase Steemish This Way Could Be Entitled To Be Added To The Curation Specialist Accounts. We have 6 who look for their favorite authors posts and upvote them when they have enough power. The other great Idea was to allocated 50% of the revenue from Steemish Token participation for Steem Power Purchases To Build The Auto Curation Accounts Up For Future Rewards To Everyone In The Community. We will also potentially remove the pay per upvote bot and place into the auto curation service also. This is smart as it would free up more of my time to focus on growing the community instead of running a bot service. The auto curation service runs itself once names are added. We run it on AWS EC2 instance in case you were wondering. To Be A Part Of This Revolution You Will Need To Follow The Buying Steem That Tokens Guide In The Link Below Then Trade Them For Steemish! When you purchase Steemish any other way you will need to message bionic binkley for directions on getting your Steemit account whitelisted for the curation services.