Ok, i was confused as you till a whale explained it to me.
What is SMT? SMT is an accronim for smart media token. If you are conversant with airdrops you will notice that majority of the new coins requires an ETH wallet so as to store the coin. Many coin run on Ethereum blockchain but do not use eth units. So they are like apprehentice to a boss called Ethereum. In steemit if SMT is lunched any investor can generate a new coin (token) that will require a steemit account to hold. SMT's have a way to promote there holders coin as we have seen from ethereum. If SMT is lunch you can make your own token which you can do airdrop and reward steemians only. I hope i made some sense
How will it benefit me? Why should I care?
You we benefit but directly and indirectly.
Directly: You will have the opportunity to partispate in the token airdrop and hold a certain quantity of the new coin, who knows it might become the next ripple or lite coin.
Indirectly: the price of steem and steem dollar will sky rockect or moon and be secure as more people will be buying steem to buy some of this coins at ICO (initial coin offering). Also the number of steemit users will increase bring stability to the steemit ecosystem. People will not be mandated to write long easys before earning from curation as they will be required to do other tasks as the token developer desires.
Why would I want to buy yet another pointless shitcoin? Lord knows there are a million of them.
Why would people care about creating these SMTs?
Does it have a real world use case? That is the question. Clearly Steem and Steem Dollar currently is working and is legit everyday. For a global world takeover we need more coins. Since Steem and Steem Dollar is not enough to satisfy a world population going to 10 billion humans.
STEEM and SBD don’t have a real world use case.
Their use case is being dumped for BTC, which too lacks a real world case outside of getting dumped for fiat. You know, the real money.
The thing I can use to buy fucking food.
I mean that STEEM and SBD is being used right now in a working platform to do value exchanges to thousands of people per day. Yes people are dumping and making a quick profit. Those will always exist. Majority of humans aren't investors so they don't think in the long term.
You can already buy electronics with Bitcoin and cars. Soon you will be able to buy food with it also and then the ecosystem is complete. That will say it will work just as real money. But yes we are early right now so it's not perfect like the many things you currently cannot buy with Crypto. But it gives more speed and value to the users so eventually it will be adopted by the mainstream.
People will care ti creat these SMT to give there community a distintive taste. SMT's will creat a platfrom where your hard work will gey noticed by the right community and you get paid for your content. https://googleweblight.com/i?u=https://smt.steem.io/&hl=en-NG