I think the SMT protocol should be rolled out as soon as possible. It's superior tech compared to Ethereum for this purpose. To get really large crowds using SMTs could really ramp up the usage of RCs, which would push up the price of HIVE organically.
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I agree with that.
Think about it this way: Reddit is determining which subreddits (communities) get tokens. With SMTs, anyone can start a community and tokenize it immediately.
Communities were a great addition yet they are only half the equation. The other is the ability to create a token, not only on Hive front ends but into one's existing website.
Posted Using LeoFinance
That's true. And if there are problems with SMTs that will further delay their introduction, then Hive-Engine could be used instead. That's something to think about. We have all these nearly worthless coins (except for precious few) on Hive-Engine not backed up by communities of any significant size. But I think the protocol is proven and ready for adoption at least on a small scale.
To me, the one that is making the most progress on HE along with a community is Leofinance. It is putting out updates that create offerings for people to use along with a token that is being traded.
It would be nice to have 50 examples like that.
Posted Using LeoFinance
Yet, the price of LEO is only $0.01762 and the market cap is $72k. Its daily volume is around $100. The LeoFinance community is making progress but to make any real progress financially speaking, the LEO token has to be listed on an exchange other than Steem-Engine.
I know you first have to develop all the basic tools and the DEX is wonderful. But the token has to be listed on external exchanges before any serious amount of capital can flow into the system. I think LEO is actually one of the best positioned SE tokens for that.