IF YOU LOOK AT THE COMMENT BELOW - IT IS BEING AUTO-CORRECTED HORRIBLY WRONG - @bug
Although this is probably the right level and length for an introduction; there is so much more to say, so let's talk about what other use cases might be..
An SMT can apply to any Steem Community!
As well as other web sites, as well as anyone's account on Steem?
Then any SMT can be created for any reason, given away as awards, contest prizes, and traded for any other SMT, staked just like SP, and exchanged for other currencies in the Steemit Market.
That's true this is why it's very promising... But this was just an introduction 😆 @surfyogi