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SMTs are little Steem clones, living inside the Steem blockchain. The difference would be that STEEM would stop being a token for authors & curators, and start being a token for SMTs to be built upon.

From what it sounds, are we not wanting Steem tokens to turn into SMT tokens?

I kinda understand why there is SBD and Steem power in the Steem Blockchain where Steem should be the number one token in its own blockchain. Like how are there MBTCs in the Bitcoin blockchain?

..it's just me here. ✋