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RE: Steem Community: Welcome Bob's Repair! One of the first SMTs!
@jrcornel - this is awesome news, and the John McAfee involvement may explain some of the recent explosion in the STEEM price.
One question - SMTs don't appear to be mentioned at all in the white paper. Are we 100% certain this will use an SMT and not another fork of the Steem software like vicetoken.com is doing?
Read page 15 ;)
I've read the whole thing. From what I can tell it looks like their BOB token will be an ERC-20 token and most of the platform will be run on an Ethereum smart contract. Then it seems like the reviews themselves will be posted to the STEEM blockchain (and I'm guessing just using the STEEM token since there is zero mention of an SMT).
It says the Bob's Repair Application will be built on the steem blockchain, not using the steem blockchain or a forked version of the steem blockchain, but on the steem blockchain. If that isn't an SMT I would be shocked.
It is strange, however there is absolutely no mention of an SMT anywhere in the whitepaper, and since it seems like they are planning on keeping the BOB token on Ethereum maybe they don't want to have two separate tokens?
I am not sure. It is a bit strange. Maybe @virtualgrowth can chime in here. He was also an advisor to Bob's Repair.
That would be awesome to hear from someone on the inside...
As far as i see it is just another ERC token and has nothing to do with Steem blockchain or SMT's. Maybe SMT's will be implemented as some form of the incentive in the future, but for now it's plain ERC20 ICO.
That doesnt necessarily have to mean its an SMT, just like existing applications run on Steem and are not SMTs. Think dtube, busy.org, etc. Granted they might become SMTs over time. Dtube already stated they will add one.
SMT was not mentioned because it may be long term and not part of the initial MVP build of the platform. This will be better explored this month.
Please, what is Bob's repair?
Did you not even read the post? Wtf
Bob's Repair intends to use blockchain technology to eliminate review fraud and provide lower pricing in the home repair industry through a decentralized platform.