Swapsteem - SWEET SCOT - a Distribution bot for steem engine tokens
Hello Steemians!
Recently we have announced our new product sweet-scot under the @steem-automation project. Sweet scot is a Steem blockchain based application that enables custom distribution of steem-engine based tokens in form author, curation and staking rewards.
This post gives a detailed explanation about the stake based mining feature we are rolling out.
Proof of Stake based mining
The proof of stake based mining enables distribution of the token inflation between the users who have staked a particular token called the miner token. The miner token can be same as the token to be mined or a different token.
Showing off our capabilities
The SWEET token is to implement stake based mining with SWEET tokens for all the tokens created by the @swapsteem account like like STIP,FARMR, IND and SWAP.
For example EM and EMFOUR are external tokens that mine ENG, but the sweet Scot enables a token like STIP to be mineable using stake in multiple tokens like own STIP stake as well as miner token SWEET stake.
Release
The Sweet Scot proof of brain is ready to be released for custom tokens. Please get in touch with us on our discord about listing your tokens for proof of Stake Mining via sweet Scot.
So this is ready to be implemented?
Also, you are saying SWEET token is sort of a miner like EMfour ?
Yes it is ready to be implemented. SWEET token will be the first token to be powered by this. Yes, it means that SWEET is a miner token for our other tokens similar to EMFOUR but has support for custom distribution strategy for each token.
great news