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I believe EOS is ready to go in less than a month, so it seems unlikely that they won't beat Steem. Unless Steemit Inc. has it ready-ish and wants to push it right before EOS goes live.

EOS has the potential to replace Ethereum and its ETH20 tokens. I don't think that Steemit can achieve the same with SMTs, but they do have the potential to further establish Steem as the social media blockchain. If Steemit Inc. can solve the issues with Steem and successfully launch SMTs, there would be no reason for users to switch to a new social network token based on EOS.

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