#smt

SMT Burn Up: ICO Issues Complete! RC Delegation Pools Functional

SMT Burnup ICO RC.jpg

Progress

We are now 25 points ahead of schedule thanks to an incredibly productive week! This is in part due to the large amount of work that had been in review which was completed. In addition, some issues had been oversized. Sizing work is an art, not a science. We overestimated the time needed to complete some work, which resulted in a higher than normal velocity. As long as issues aren't being intentionally oversized this is great because it means we were able to complete a feature faster than we originally expected.

Screen Shot 2019-08-13 at 9.37.06 AM.png

Some work is probably under sized as well, which means we expect to have some weeks where it does not look like we got much done at all, when in reality we are productive. If that is the case, then the errors in sizing will come out in the wash and we will be on target for our estimated completion date. Even though we are currently ahead of schedule, we will keep the current estimated date of completion. The last thing we want to do is assume this increased velocity will continue and then miss completion of an earlier target.

ICO Issues: Complete!

We finished reviewing the ICO issues and were able to mark that portion of the SMT spec as complete! This is quite a large portion of the SMT work and accounts for a significant amount of architectural work required for the remaining SMT tasks. These were issues #2731, #2732, #2733, #2734, #2735, #2736, and #2767.

RC Delegation

We continued work on the RC Delegation Pools (#2697, #3103) and have a functioning version of the feature. The remaining work needed to be done is the ability to delegate RCs to an SMT directly to fund emission and market maker actions by the SMT.

Lastly, we completed issues #3379 and #3455 which added additional verification and testing of the SMT setup operation which was missing from the original implementation.

Scope Increase

We added 3 points of scope to the SMT MVP, issue #3455 when we realized the SMT extended destinations were not fully implemented or tested during the SMT setup.

Summary

Completed : 64 In Progress : 0 Scope Increase: 3 Net From Ideal: 25 Status: Good

Back On Track

We are now back on track with SMT development. Morale on the team is good and we are looking forward to finally completing SMTs.

Curious about SMT Burnup Methodology?

The Steemit Blockchain Team

Comments · 43

@kayceefresh(57)· 2569d
Am guessing after SMT launch steem Inc will reduce the qty of steem sold out monthly.

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@redeauxtech(38)· 2570d
I am working on a game that needs IAP and I want to use a SMT for it. But it took them so long to get to this point, how much longer? I lost 3 developers waiting on this.
@furion(71)· 2570d
Can someone ELI5 on how do SMT's capture value for underlying STEEM token?
@arcange(79)· 2570d
Congratulations @steemitblog! Your post was mentioned in the Steem Hit Parade in the following category:
- Comments - Ranked 8 with 54 comments
@d-pend(76)· 2570d
RC Delegation is sorely needed; glad progress in that direction is occurring :-)
@theguruasia(69)· 2570d
@steemitblog, I think this time you might bring SMT alive! Coz till today, it's a myth and wish it will not be in 2020! $trdo

Cheers~
@coingecko(71)· 2570d
Thanks for the update!

We're also tracking Steem's commits and developer activity since forever...

_{Steem Developer Panel}

With over 7,000 stars by CoinGecko's users on the platform, Steem's Open Source Development is certainly being watched closely by many even to those outside of the Steem ecosystem.
@ankarlie(64)· 2570d
Way the go Steemit Blockchain Team! Hopefully, we can launch SMT soon.
@stackin(78)· 2571d
Good Job Guys :)
@imran-bloggy(62)· 2571d
wow steem will rock soon
@crypticat(74)· 2571d
Interesting to follow your development chart and hope it continues to progress as promised. Still not sure what this is going to do now that all these tribes are out of the gate
@iluminaco(25)· 2571d
Fantastic option
@ubg(58)· 2571d
will there be seperate mana bars for different communities?

Posted using Partiko iOS
@michealb(67)· 2571d
moving forward and morale is good - nice!
@dwayne16(78)· 2571d
All i want is what best for steem and it is happening now.. Good to see this..
@penderis(71)· 2571d
The best thing you could have put in the title was RC delegation pools.The other things are probably also cool..
@gandhibaba(75)· 2571d
SMTs will be the game changer for Steem and I am glad that everything is fine. Cheers!
@trumpman(82)· 2571d
Penis
@drutter(73)· 2571d
Everything is on track (for the currency to fall another 20% this week, down to 0.15 USD)!
@cryptopie(78)· 2571d
Very good work #steemitteam and I know you know what is the best for steem to let the masses use our platform for the benefit of us all, just do not drop tons of steem in the markets okay?
@chekohler(76)· 2571d
I think for launch of SMTs we should celebrate with the best SMT memes I think it’s been such a hot topic of debate it’s only fitting that we meme it I mean market it to the moon
@niallon11(77)· 2571d
Great to hear about more progress. This is the communication that we need and that we can hare on other social media sites. It's free and simple advertisement for STEEM that might get people to take a look at what is happening and take an interest.
@jaki01(77)· 2571d
Well done!
@mehta(77)· 2571d
This is good news that you are recovering and now ahead of plan. This should be continue with more effectiveness. Cheers!
@omrfrq18(43)· 2571d
Thanks for this update information.
@s3rg3(67)· 2571d
Question: Is @ned still on the team and involved actively in what once was his innovative and disruptive blockchain idea?
@ew-and-patterns(71)· 2571d
Excellent. Now please do an update of the ad revenue, costs and team size chart.
@mexbit(61)· 2571d
Excellent! Keep on doing what you are doing!
@masterthematrix(61)· 2571d
When is the expected Timeline to release SMT? Will it be completed this year?
@torros(50)· 2571d
RC Delegation is great feature!
@theycallmedan(80)· 2571d
Great work team! Another day, more progress.
@atmospheric-haze(59)· 2571d
So good to hear we’re back on track! Thank you guys.

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@lays(67)· 2571d
@steemitblog you mean after 3 month SMt will start so right time for investors to Hold more steem and sell on launch of SMT Steem is going to 1$
@modern-trojan(61)· 2571d
RC pools have me excited from the day of the announcement, I'm glad it is done and I really hope this brings new users to steem...
@acidyo(84)· 2571d
Nice pump!
@jrcornel(82)· 2571d
Glad to hear it, keep it up!
@abh12345(80)· 2571d
RC Pools to save the day :D
@jasonshick(66)· 2571d
Good to see the team is back ahead of of schedule. Let's start the campaign trail for 2020, MSM 2020! #makesteemmassive
@chireerocks(75)· 2571d
@steemitblog, Thank you so much for this update team and keep this morale high and achieve the goal as per timeline. We are really excited for the SMT's.

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@alexs1320(72)· 2571d
Not bad, not bad, we haven't hit the new deepest bottom (yet...)
@jaydih(72)· 2571d
Superb!
@mattclarke(71)· 2571d
This is fantastic. Thanks heaps for the updates; its incredibly refreshing. RC delegation is poised to be a real game changer.
@sepracore(64)· 2571d
Daaaaaaaannnng! So what you are saying is SMTs will be done in a few weeks based on the new slope. 😁😛