The main difference is that it is built on top of Steem so it is proven technology and already has a large user base. SMT includes the ability to distribute tokens through voting, just like Steem (or with some varied voting rules), although it can also be used for tokens with other distribution methods.
The main difference is that it is built on top of Steem so it is proven technology and already has a large user base. SMT includes the ability to distribute tokens through voting, just like Steem (or with some varied voting rules), although it can also be used for tokens with other distribution methods.