I heard so much about the SMTs, and I love the concept around it,and I'll like to know more so I'll be informed.
Please a quick question. Do these tokens have any relationship to steem apart from being by the same maker and the having the same goals?
Like if these turn into must buys will that directly have an effect on the steem economy?
And will website-x's tokens be on a different blockchain then website-y
Really smart question. Yes they do have a direct relationship to Steem. Their use requires Steem bandwidth. In order to use bandwidth you either have to earn or acquire stake (Steem Power). So, in short, SMTs will create more demand for Steem by creating more demand for bandwidth. Now you will still be able to launch a coin for $1 and do all kinds of stuff with it because creating coins doesn't actually consume much bandwidth (it's not a lot of information). That's good for developers. But if the app really takes off then you have to either earn enough additional Steem Power through upvotes (i.e. demonstrating that you are adding value to the Steem blockchain) to support the amount of bandwidth you are consuming or you have to purchase that Steem Power. Both increase demand for bandwidth and therefore Steem Power.