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He is taking it out of context and I know it isn't on purpose. This "SMT" is being done on ETH. :) There are no SMTs yet. The whole thing is a being misrepresented.

Respectfully. I disagree. These ICOs are with Steem and they will be released the third quarter of 2018.

Appics website says: SMT DEVELOPMENT Q1 2018 Ongoing SMT protocol development by Steemit Inc.

Token distribution says: 50%
ICO
20%
APPICS
20%
ECOSYSTEM
5%
STEEMIT
3%
REWARD
2%
REFERRAL

Whitepaper says....

  1. The Technology: STEEM Blockchain
    8.1 Case Study: Steemit
    8.2 Performance and Scalability
    8.3 SMT Meta-Token
    8.4 Storage

You don't have to be respectful. :) No worries. I do not have enough confidence in my own understanding to find the words to clarify. Sadly, I do think the "Quote" is "Incomplete" at best.
If not totally wrong, but I don't have the ability to explain it.

Insert frustration here, but it isn't at you in anyway.

I love how kind you are :)

I totally agree it is incomplete and appreciate you writing a post as well.

Hopefully someone in leaderships explains. If not that should say volumes.

And rightttt any frustration is at the leadership not at the community.

Amennnn @jeezzle I think the community is waking up which is awesome.

Like @whatsup said the whole thing is being misrepresented by so many parties. And the fact that the leadership doesn't clarify should speak volumes.

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