Hey,

So, no, the token factory available on this tool doesn't create SMT like tokens, the SMT tokens are going to be "proof of brain" tokens and are going to work like the Steem token.
The tokens you can create on this tool are more like ERC-20 tokens that you can find on Ethereum or EOS. You can create tokens, issue them as you wish, you basically handle the whole issuance process.

Do you mean, create a SMT like token contract on this tool? If so, then no, SMTs are meant to be on the core Steem blockchain and, for me, what I've done so far is not a replacement to the SMTs but a smart contract platform (that can handle tokens but not only (you could create NFT tokens, games, dapps, etc...)). For people that are in a hunger of SMTs, the tokens from this tool can most definitely be a temporary token that they could use until Steem Inc. releases the SMT feature (which no one really know when is gonna happen unfortunately...)

Not sure if I really replied to your question :P