Yes, this helps a lot to understand it even better! Thank you :-)
We will have STEEM, and then a bunch of SMTs on top of STEEM. Market-wise, this will most likely boost demand for STEEM, as a token.
So what I deduced from the Whitepaper was that SMTs will all be built on the Steem blockchain - like being the Steem blockchain the mothership and the SMTs their satelites.
Steem price +18% - seems that the market is already reacting :)
Thanks for your valuable addings! Have a great weekend!!