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RE: I didn't think of it like this.
This highlights another thing in my thoughts as well for sites that hold tokens against Steem with SMT's. They will hold some serious value as well as they are going to be backed by Steem.
This is what people aren't connecting yet with SMTs.. they will eventually.
I realized that today and maybe will take the tokens a little more seriously now. I know the different apps will help bring people in , but it will force the price of Steem up massively. From my understanding we haven't seen anything and anything is possible when it comes to price considering how many people could be on here.
It is possible that some of the tokens could be worth more than Steem itself if they hit on the right concept at the right time. I am hoping that a large handful of them will be successful as it will empower them as communities and, raise the Steem boat too. It will be a constant feedback loop of value.
I think there is a good chance of that happening as each one will force the value of each other up. Not all the SMT's but certain ones but saying that even a low valued SMT will go up in value because of being backed by Steem.