Steem Engine - Bitcoin MYK Upvote System/Delegation/Waves

Michael Joseph Presley explains BitcoinMYK, a token on Steem Engine that recently hit the top 10. Users who upvote BitcoinMYK content earn STEEM back as tokens, STEEM holders can delegate voting power for compensation, and token holders access a marketplace for books and hardware. BitcoinMYK also trades on the Waves exchange.
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Hey you, welcome back to the channel and I hope you guys are having a great day. Um, so Steam Engine, uh, we've been on there, um, just got on there this week. Uh, we are trading in the top 10 on Steam Engine at this point in time. We had, um, passed Bitcoin, uh, on Steam Engine today for a brief period, uh, and Bitcoin pulled back Upon us. So we have— we are really enjoying our time so far over here on Steam Engine, and we think there's gonna be a great home for us. And I think we're gonna do very well over with Steam Engine, over on Steam Engine today. And some interesting projects over there. And this being the answer to SMT, I'm sure we're gonna start to see a great deal of Steam, Steamit users start to trade on the Steam Engine Exchange, as well as many new projects coming to fruition on the Steam Engine Marketplace. Interesting enough, there, as you can see, you can trade Bitcoin on here as well, and they're going to be other major cryptocurrencies I'm beginning to hear. So what's so very significant about all of this is that it means that within the Steemit ecosystem, Steemians won't have to take their money out of Steem to trade against this variety of cryptocurrency. So that's, that's pretty darn awesome. And I'm, I'm just so glad to be trading on the Steem Engine marketplace. But today we want to talk a little bit about and get into a little bit about some of the many advantages and features you're gonna be able to do with the BitcoinMYK token. This is a very versatile token. It has many features some of the tokens in the Steemit ecosystem have, and yet some more onto that. So we're gonna talk about that today in this video and let you know how you can take full advantage of BitcoinMYK token. Tokens over on the Steam Engine Marketplace. So let's get over to our website and we're going to show you exactly how this works. So we're here, uh, that was lightning quick, uh, you know, uh, like the BitcoinMYK token will hopefully be in its value and price going up. But anyway, um, As you can see, we're over here on our website. Looks strikingly similar in layout to maybe a website you all know of. Some people say it looks a great deal like Facebook, right? And, you know, as I said earlier, the BitcoinMYK site would go through changes and evolutions. And, you know, You know, we might please some of the users and we may not please all of the users. The, the old idea of you can please some of the people some of the time, but you can't please all the people all the time. So what we're banking on with this look, uh, right now, and it is not necessarily going to be the look from now on, but we're trying to stay in a safe place here. And go with this look for right now. We're gonna trust that a trillion, almost trillion-dollar company, uh, with the, uh, with, uh, you know, I would imagine some of the best website designers out there, uh, have tested this kind of similar look to Facebook, and they have determined through their nearly trillion-dollar valuation, uh, that it is effective and it works. So We're going to try to stay in a safe place right now with a layout like this, see how it goes, uh, because we are trying to tap into that social media, uh, uh, idea network field, uh, and, uh, we'll go from there with this. But let me teach you guys how to take full advantage of the BitcoinMYK token, what exactly you can do with it, and some of the cool features. So one thing that you can do with the BitcoinMYK token. I'm gonna get you here to Steemit, uh, and here we are right here. So what happens is, as many of you all know who are already part of Steemit ecosystem, is that there are value— there is value in what we do on the social network. Uh, when you upvote someone on Steemit, it can be a post they created, a comment they made, a video they did, a variety of things. They're— you're actually giving them money in the likes and the votes and the upvotes, right? Um, you know, a long time ago, or when I first joined YouTube, which wasn't a long time ago, but, uh, I guess it was long for me. But anyway, a lot of people thought when I did YouTube videos that I got paid for likes and they thought that's how we got paid. That's not how we get paid. We get paid through another complicated algorithm, but they thought that. But those likes, you know, of course, help you make money. Well, on Steemit, you actually get paid for what you want to call it, likes or upvotes. People like your content and they transfer money in different denominations to you because that gives value in that vote. What you can do with the BitcoinNYK token on Steemit right now is you can go over to our website, you can upvote any of our content, we can track how much your vote was, and in doing so, we will reward you the same dollar amount in Steem for the tokens that you've upvoted us on. So it's pretty cool, pretty cool, guys. Pretty good, cool. Not revolutionary, but, uh, but pretty darn cool. Now this is something that, uh, some of the what we call the upvote tokens in the upvote community, uh, um, I don't see they do a lot, and that's being able to delegate Steam and receive tokens for it. So we're going to talk about that in a second, but, um, Yeah, I mean, you upvote the content, uh, anything you like, any, you know, anything that you feel is appropriate, and you can control the vote value. Um, so if you think the post sucked, if you thought it wasn't that great of content, you can either upvote a small amount or none at all. Uh, what we're trying to do here is give value back to the community that supports us in an appropriate way. We want to give you something back for giving so much to us. But that being said, if you don't truly like the content, I would say don't upvote it. But I hope you enjoy our content and you do feel it's worthy of a vote. I— when you upvote it, we're going to track what your vote value was. You're going to get that much back in Bitcoin MYK tokens you could trade on the Steam Engine market against Steam. Um, so pretty cool. Next part, the delegated Steam part. This is, this is a part I don't see a lot of the tokens in the Upvote community doing, and that is what we're going on right now is if you have Steam and you're looking to delegate your Steam to a Steam user for whatever reason, If you delegate your Steam to us, what we will do is we will track the market going rate of the price of Steam delegation or Steam leasing rather. And for those of you all who are familiar with delegation, this will make sense to you. If you're not familiar with delegation, the delegation process, there are many great videos on YouTube online. Just type in Steam delegation, they explain it to you. But this is for the people who understand. When you delegate Steam to us, there is a market value price of Steam. Um, that there's a going rate for the leasing of Steam, right? Uh, whatever that averaged out value is, market value is, whatever Steam you release to us and how long you release it, we're going to give you fair market value that amount back in Bitcoin MYK tokens. You can trade on the Steam Engine against Steam. So this is a way, an interesting way that Steamians who wish to delegate their influence over the blockchain over to other people, whether it be that they're too busy to upvote content themselves, or they're just looking to make a little extra money or an investment, whatever the case may be, this might be something that will interest those people. Not to mention, and I wanna put this out there and be clear about this, is that what BitcoinNYK is doing is it's geared to introduce new people into the cryptocurrency space. And those new people, as they come in, I'm pretty certain that many of them will navigate from BitcoinNYK over to Steemit because we're so much now integrated into Steemit. Uh, and because of that, this could potentially, uh, introduce a lot of people to Steemit. So if you're one of those whales who want to delegate some of your STEEM, um, I thought that would be very interesting to you, uh, in that when you're delegating your STEEM out, uh, of course we want this community to grow and we want that delegated STEEM to be used worthwhile and grow the value of the network. And if we can somehow market and pull and get new people into this, then of course that's going to be better for STEEM. So that, that's a part I thought would be very, very interesting to them to know about. So that's, you know, all really, really cool stuff, guys. We got a lot of big new announcements coming this week, some great announcements that are going to knock your socks off, literally. Literally. Uh, and so we're going to be bringing out those to you over the next few days. Uh, if you have any questions, feel free to contact me. You can comment on this video, you can go over on our site here that has live support. Oh, and there's one other thing I left out. I was about to leave out of here and I forgot to tell you guys that here on our website, um, You're going to be able to also take your BitcoinMYK tokens. We have a marketplace. You're going to be able to purchase items with it. We have some things you can purchase now, have ad packets and a variety of things. Uh, we have a community, uh, that is starting to take off and grow. Um, about 400 wallets now. Uh, so all, all very interesting things, but you're going to be able to do all of these things on the, um, Steam, uh, oh, I'm sorry, the BitcoinMYK site. I'm sorry, I was trying to get back here to show you guys. Let me go over to this section here. Um, my recording device might have things moving a little bit slow, but I was trying to get you guys to the home page. This is just our cool forum section. You can post and do a variety of things here. ...but there is a marketplace. That's what I was looking for. I'm sorry guys. I caught a little bit. This is a new button layout. New button layout system we're working on. It looks really cool. I'm going to do some more development on that a little bit later and it's going to look a lot cooler than this. But here, as you can see here, here's a marketplace. You know, here's a book Mastering Bitcoin you could buy for X amount of dollars. Here's a miner for mining Bitcoin. Bitcoin, a variety of things. So the entire idea of this, uh, is that you're going to be able to, um, basically use the BitcoinMYK tokens, the same one you got on the Steam blockchain, to, um, be able to purchase, uh, uh, advertising packages, electronics, and a variety of things that we're working on that you will be able to do with your Bitcoin. MYK token. So as you can see, some just some great cool stuff. Now there's one more part. There's a lot of things, but we're going to break them up in the videos you can do with the BitcoinNYK token. But you're starting to get the gist of it. What I'm going to do now is take you over to the Waves exchange. We're going to explain what you do with your BitcoinNYK tokens over there, uh, and I think you are going to be quite interested in that as Okay, so we made it to the Waves exchange. Now here's the interesting thing you could do with your BitcoinNYK token on the Steam Engine internal market or marketplace exchange. Um, every token that you hold over there, uh, you can come through our website and you're able to claim those tokens over on the Waves exchange. And as you can see, Waves is up high today. It is about over $3 a Waves token right now. You can see that BitcoinMYK is trading against the Waves token. So you'll be able to go through there and basically claim those tokens as well. Now, it's going to be a few steps to doing that, and we're working out— we're going to work out the kinks to that. But you will have that ability to also take that token claim over on the Waves exchange and have those tokens over there as well. And the reason that that is possible is because the BitcoinNYK token, we still pretty much see it as one cryptocurrency, even though it trades on other exchanges. And so we basically make it so you can have your value across these exchanges. So I think that's a pretty cool feature. I think it's one you guys are gonna really like, you know, besides some of the other things I've shown you. But we have several big announcements coming up this week I think many of you are gonna like. And, you know, keep posted. We're gonna talk to you all about that. So anyway, that's all I got in this video, guys. If you like content like this, don't forget to like, subscribe. If you have any questions or comments, leave them in the comment section or go over to the website. We have live support over there. We can assist you there. And I guess that's about it, guys, for this episode. Until next one, take care.
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