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RE: I didn't think of it like this.
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.