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RE: Following on from yesterday's stellar announcement regarding the proposal to leverage the Steem Blockchain with Social Media Tokens I am not at all surprised to see Steem bullish at $1.62.
any SMTtoken is an asset issued on top of the STEEM blockchain and it's traded in a SMTtoken/STEEM pair, so the steem is major trading pair for any SMT in this way it helps steem token itself.