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Yes indeed something like the ethereum based tokens, but with some minor differences.

One thing I like about SMT´s are that the Steem blockchain will provide a way to always exchange the SMT´s into STEEM/SBD.

Compared to Ethereum based tokens this is a really huge benefit.

I did read about the market maker but I have to be honest I didn't understand how it works. I only think I figured out was that you have to feed him a lot of Steem to be able to automate this.
Looking for a recoure that can describe the mechanics in some simple words !

You think I am spam. I like Ethereum. I have some Bitcoin. You disliked a comment of mine. That is too bad. That is your right of free speech. You think I suck. You think I am a loser. Good for you. I guess oatmeal is dumb. Bitcoin is still number one right now. It is time to buy some Bitcoin. You look like David Sheppard.

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