Ethereum is required to buy other tokens and Waves from just its demand to use. Its platform is used to create possibly loyalty tokens as the "whoppercoin" which I think was based on Waves and thus how this affects the price I am not sure. SMT is a media token and will probably fall into the Waves category where you create your own token based on the Steemit platform where you there is a reward system. If the reward is in Steem, then yes it will be beneficial to Steem price but will deplete the reward pool unless some kind of measure in place like steemit.
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