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Yeah, I don't quite get it myself.

Yes, the more we know about it the complicated it seem... so just clarify all these stuff in easier way. Make steemit and its blockchain more clear.

SMTs will be a meta-token platform for the Steem blockchain. Think ERC-20's on Ethereum but better and useful.

Yeah... SMTs seem to be a ghost... No info at all regarding progress... one has to wonder: is there no progress??