Hi dear friend @happyvoter.
All these tips for SMT and ST are really valuable.
You have made a simple but accurate analysis.
The nerve point for any token is to give it a utilitarian character. It must have a real use that is attractive to the holders, otherwise it will disappear.
This feature can be found in many of the Steem-Engine tokens and it is precisely these, which have had the lowest depreciation rate.
Inflation is a problem. It is certainly so. But the big advantage in the blockchain steem is that the inflation rate is fixed, therefore it is estimated and 100% projectable. In this way we do not face uncertainty.
Your friend, Juan.