SMT in summary are another layer of opportunity to have each community to have their own tokens that later can take off independently.

To me, it looks a lot like Malaysia reward points from all the major business entities.

Remember those Grab points, BHP patrol points, etc?

But in the steem blockchain they work like Steemit but each community have their own "clan tokens".

Which to me can be redundant unless one stands stronger than another, and they are called "smart contracts".

But right now these are not SMT, they are just community determined value tokens (reward points) that sits in the database.

Hence they are called SCOTs, @crypto.piotr

But the interesting part is that they can develop their own reward structure, including curator and author reward split, maturity days (SCT matures in 3 days), and the way how they can filter their content on their "search results interface" based on their own created hashtags.