Steem-Engine

What is Steem Engine?
Steem Engine is a smart contracts side-chain platform for the Steem blockchain. This means that it can execute custom smart contracts based on data published to the Steem blockchain. This allows us to do things that are not currently supported by the Steem blockchain, such as creating custom tokens, or literally anything else achievable with a smart contract.
ENG will be the native coin of the platform which will be needed to create your own tokens and in the future it will be used to publish and execute smart contracts. Right now 1 ENG is worth 1 Steem.
They are also creating an internal DEX to trade any Steem Engine token against STEEM.
With SMT's keep getting postponed a group of fellow STEEMians took the initiative themselves on creating this great project. I believe this is a necessity to expand the Steem ecosystem.

Definitely check out the website for more info.

The team behind this is the same team that made Steem Monsters.