The code is done though, isn't it? Only some testing remains.

Releasing SMTs will allow apps to have their own PoB going on, even if we know it doesn't work perfectly. Other's might just use it as a security (like ICOs with Eth) or a fun way to create their own coin.

It is extremely powerful to allow people to create their own crypto with a few clicks. This should definitely be released as it is, and the main Hive token can then change to work as you described in your post.