Smart Media Token (SMT) is a native digital asset on the Steem blockchain that can be quickly launched by anyone to help monetize online content and create incentives to encourage desired user behavior. They're like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses. SMTs are going to lead the future of social networking. This would create competition across the internet and quality will prevail.

This will let other social networking sites to have their own steem-like token and extend on the steem blockchain.

The SMT will enable any entrepreneur to launch their own customizable token on the Steem blockchain and instantly gain totally new fundraising, monetization, and community-building opportunities. The growth of SMTs will lead to more transactions on the STEEM blockchain and demand for the STEEM Crypto assets. This is great news for holders of STEEM and STEEM Power🙂