The SMT is currently being live developed on Github by the STEEM Team.
As soon as that has finished, XAP will be ready to get listed on exchanges. since we are an SMT, exchanges that already accept STEEM will have it much easier to integrate XAP.
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This is great. I'm happy to see you have met your targets for this year. Hopefully the SMT development will end soon. I'm itching to get my hands on XAP tokens :) Love this ICO so much ...