The SMT's are based on steem the way the SBD is sort of so if it is built on steem the idea of SMT's is that you can trade them for steem in a similar market to the way SBD is traded for STEEM can you imagine how cool it is if every SMT out there decides to make it rain on the Steem Power holders This will make holding steem power super valuable and people will buy more steem to power up so they can enjoy the showers.... ok I know bad puns with Vice coin lol.
I haven't found any details on the distribution methods. The 400 million distributed comes from the Vice whitepaper.
The SMT's are based on steem the way the SBD is sort of so if it is built on steem the idea of SMT's is that you can trade them for steem in a similar market to the way SBD is traded for STEEM can you imagine how cool it is if every SMT out there decides to make it rain on the Steem Power holders This will make holding steem power super valuable and people will buy more steem to power up so they can enjoy the showers.... ok I know bad puns with Vice coin lol.