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RE: Weiss Ranking System: How STEEM Got Such A High Mark: Do Not Touch Bitshares???
I do also don't get the complete picture on the SMTs. I do think that the new SMT coin (each different for each SMT) has to be funded in first place with Steem. I did read the white paper but did not find the answer.
The token wont be funded with STEEM but the owners can fund the purchase of STEEM with the token...they require STEEM to purchase bandwidth.
STEEM is paired with each new token for liquidity but it doesnt give it the value. That is up to the users of the token.
Thx for claring this out!