Very well thought out and easy to understand explanation. I've read so much on this today my heads spinning, but I feel I have a pretty good grasp of this now.

It seems to me, that all new SMTs are derivatives and essentially backed by Steem, this would create a very significant demand for the Steem token resulting in a much higher Steem price.

I see a plethora of reasons for wanting to do bring this platform to an existing or new website to attract and incentivize users. This will very interesting to see how this unfolds.