^ Off @redfishhelp

A few days ago I mentioned in a comment that I'll take a look at Redfishcoin. Doing that now.

Redfishcoin is basically what we can expect a SMT (Smart Media Token) to be like whenever SMTs come out. Why?

• It's designed for the purpose of enriching one's experience on Steemit.
• It's a token of no value other than said experience enrichment.
• It's a token to promote curation on Steemit.
• It's a grassroots project by an individual Steemit user (@albertvhons) who had an idea and rolled with it.

Before we get all ahead of ourselves, it's best to take a look at what Redfishcoin is exactly. Unfortunately it doesn't look like the whitepaper is out yet.

Well, the purpose for this token is for steemit redfish rank community! ... Token first purpose is to rewards fellow redfish tag users ... Next is to share to other steemians info ... Lastly, bring other users to join steemit tru redfishcoin!

^ @albertvhons' Comment in one of my earlier posts. Can't say I've heard of it before then.

A Redfish status own from 0 Vest to 999999 Vest/that's equivalent to 0 to 500 Steem Power.
Even until now, Being a redfish level in steemit is still unknown to many. I am summing up of 99% of new steemit users think they are in Minnow level but in truth, they start a Redfish level having 1 steem power to 500 steem power.

^ Info post

So there you have it. The purpose of Redfishcoin is to officially create and curate the Redfish rank (minnow rank) on Steemit and reward those who attain it.

^ Redfish off Steemitboard

Base

Waves.

Reissuable.

Numbers

1 Redfishcoin = 0.11 to 0.2 WAVES

1,000,000 Redfishcoins total

Giveaways end 15 Oct 2017

^ Gravit
^ Twitter

Red Flags

The lack of a whitepaper and the lack of a multi-person team behind the token are red flags on their own. Perhaps due to language barriers or said lack of a team, it is not being presented as professionally as a token should be. That being said, this is a token meant for a very niche activity -- support of the #redfish or minnow community on Steemit -- and not general investment. It's purpose is very clearly outlined at the outset.

Discussion

This is exactly what we can expect to see from myriad future SMTs on Steemit. It's actually an excellent rendition of a Steemit-centric token. It rewards users who believe in its mission, those who curate the #redfish tag, and those who support it financially through buy-in. In short, it's a token only for Steemit users.

I strongly encourage everyone interested in this project to read its entry on Bitcointalk.org.

^ Twitter

The faucet is available here and works, as shown below.

Conclusion

Use the faucet to get your free token or purchase them to support a Steemit user who thought outside the box before the boundaries of the box were drawn for him with @ned's recent SMT announcement.

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