Steemhunt Provides a Launchpad for Tech-Based Innovation

With the advent of continually innovating technology such as Blockchain, the tech industry continues to grow at an exponential rate. In 2020, the sector will be highlighted by some incredible figures on the future growth of incorporation of various technology:

• 4 billion connected people
• $4 trillion revenue opportunity
• Over 25 million apps

As developers and aspiring entrepreneurs continue to hone in their sights on the tech sector, a daunting challenge still looms ahead of their first step. With the present limits and often lofty costs of conducting marketing initiatives that often miss the mark, this lack of exposure on a large stage is further exacerbated by the lack of a push from early-stage tech adopters who can have a significant impact on whether a project spreads its wings.

Without the role of early adopters to generate steam and buzz, it is a highly daunting task for new tech ventures to establish early adoption. Naturally, the emphasis shifts to marketing ventures in order to construct and maintain a network with these vital early adopters, but that task is characterized by its own unique set of challenges.

Contacting influential early adopters and other community members can have great variance due to the lack of a dedicated platform or even an established procedure that newer tech-based companies can follow.

Addressing a gaping need

It is in response to this very obstacle that drove Steemhunt to build a platform focusing on the launching process for new and promising tech ideas. By incorporating an interactive compensation ecosystem that incentivizes early adopters to share the top new tech products and ideas, Steemhunt intends to solve the problem of early adopter exposure through a unique token system that rewards adopters for their output.

In doing so, they would be able to establish a bridge between tech developers and essential early adopters in order to gain the requisite traction to have at least a puncher’s chance against the odds.

In order to build this revolutionary, sustainable tech community platform, Steemhunt has pioneered a token based monetization ecosystem that intends to succeed where other marketing based platforms and traditional forms of advertising have fallen short.

The STEEM token is essentially distributed in proportion to actual contributions and participation in order to promote a sustainable form of incentivized compensation that drivers significant and meaningful amounts of user activity.

To build on this ecosystem, Steemhunt was conceptualized based on the mechanism of rewarding influential early adopters that were referred to as “Hunters.” Steemhunt rewards these hunters with crypto-based incentives for introducing the latest innovative tech products to the masses. Essentially, these hunters are transformed into motivated early adopters that can help provide a spotlight for many tech ventures struggling during the launching phase.

Long-term sustainability

The HUNT platform provides community grounds for a wide range of demographics and will be sustained by HUNT, a Smart Media Token (SMT) built on top of the STEEM blockchain. HUNT tokens will primarily be used for companies to compensate hunters and content curators as well as facilitate transactions between tech creators and hunters on both Reviewhunt and Ideahunt.

Along with Steemhunt, another DApp called ReviewHunt will provide review campaigns to help stoke the fire on behalf of tech developers and creators. This can be executed effectively through discounted products as well as various bounties to help generate product reviews by offering HUNT tokens to influential hunters.

Companies can utilize a fiat payment solution in order to purchase HUNT tokens, which will be rewarded to hunters in proportion to the quality of their reviews. ReviewHunt is slated for release sometime in March or April 2019.

Additionally, a hunter-centered crowdfunding platform called Ideahunt is also being fine-tuned for a release in December 2019.

With all these tools at their disposal, Steemhunt is poised to become the calling card for all up and coming tech developers in search of traction for their potentially game-changing ideas.