Now is the time to start talking about and promoting #bandtokens.!! by stephenkendal

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· @stephenkendal ·
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Now is the time to start talking about and promoting #bandtokens.!!
<h2>#Promo-Steem - Promoting #bandtokens</h2>

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<h2>#Promo-Steem - Promoting #bandtokens</h2>

As #Steem continues to develop and grow, when it comes to promoting #Steem we always need to be one step ahead.

With the Community Feature now up and running on #Steem we need to now start looking at encouraging whole Communities to engage with #Steem and one group of Communities I see a massive potential growth in is Music Fans.

As Music Fans begin to migrate to #Steem forming their own Communities, this will trigger the birth of #bandtokens.

<h2>What are #bandtokens?</h2>

#bandtokens are simply tokens that will leverage the #Steem Blockchain via the Smart Media Token Protocol and award Music Fans of that Band.

<h2>"Bands and Groups in the future will have their own Currency.!!"</h2>

It is a bold statement to make but it is true, Bands and Groups in the future will have their own Currency.!!

If The Beetles were around today they would have had their own Cryptocurrency or maybe even a Smart Media Token.!!

<h2>The Beetle Token.!!</h2>

![Steemit Steem Blog.jpg](https://cdn.steemitimages.com/DQmUJhbTSpvpKbfA1E9h6G8PEHQbCq5bgiVBnu3X3BHJcvo/Steemit%20Steem%20Blog.jpg)

<h2>Now is the time to start promoting #bandtokens.!!</h2>

I would like to once again reach out and encourage as many people as possible to start thinking about what the future of #Steem will look like.

#Steem is an extremely very powerful Global Rewards and Distribution System with an ever decreasing Currency Creation.

<h2>Supply vs. Demand for #Steem as Currency</h2>

As Demand for the Currency increases against a falling Supply, this is what will give #Steem it's long term value.

Currently there is approx ~380 million #Steem available in supply.

This increases on a daily basis with the creation of new #Steem.

Creation of new #Steem decreases year-on-year thus reducing the supply of newly created #Steem.

<h2>Demand for #Steem to skyrocket</h2>

I expect the demand for #Steem to skyrocket as more Communities, Groups and Fans start forming what will essentially be their very own "Micro Ecosystem" within #Steem.

It is this Demand outstripping Supply in the future that will create the value for #Steem.

Looking forward to talking more about #bandtokens again over the next few months.

Thanks again for reading.

Stephen
<h2>#Promo-Steem - Promoting #bandtokens</h2>
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