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RE: SmartCash and Crypto Making a Difference in Venezuela + A Look at SMART/BTC
Indeed. At some point Smart is going to get on a major exchange and the price is going to reflect the quality of this project. This is the only thing holding it back from exploding in value. I know that the Smart outreach team it's there #1 priority. I saw on discord a lot talk about Smart getting listed on Bittrex with compliance forms being filled out. Obviously, they can't confirm the listing yet b/c of NDA but a major exchange listing is def in the works. Just the only question is when?
Oh wow, that Bittrex potential listing is actually huge! I’m going to have to check out the Discord channel myself.
Thanks mate!
Here's a comment I found on Reddit about some of the best things happening to Smart currently and it checks out.
[–]korben996 2 points 24 minutes ago
Smart has several aspects that separate it from other cryptos. It's one of few coins that allows holders to direct the use of community funds through voting on the governance portal. It's also focused on real-world usability, with the soon-to-be-released SmartCard. Additionally, the SmartBand has had a limited trial release in Brazil where users can now spend Smart at over 2.5m vendors and even utility companies.
Low transaction fee of 0.01 SMART, no matter the send amount. You could send hundreds of thousands of SMART to anyone in the world right now for the equivalent of fractions of a penny. And the release of the SmartCard and SmartBand will allow for fast payments at merchants across the world. Smart's target block time is less than a minute.
The rewards are meant to diminish as each block is added. As time goes on the actual SMART distributed decreases. See here for an explanation of SmartNode rewards. You could potentially make the argument that 100% PoW coins dilute their value through mining rewards, but I don't believe that's the case. Every coin has inflation through some type of rewards, whether it be PoS, PoW, or MNs.
The SmartCard mentioned above has the potential for mass adoption. Smart is well-positioned to become the bridge between crypto and the real world. I don't see many other coins focusing on this right now, and it would revolutionize the entire sphere of crypto.
I guess that depends on your definition of major exchanges. Smart's currently listed on HitBTC, a top 10 exchange. The legal work is being finalized on a possible Bittrex listing, but due to NDA it's difficult for the Smart team to speculate on potential listings until they are announced. It's something they're working diligently on. Right now, it's somewhat easier for exchanges to add ERC20 tokens and this has been their priority. However, we're hoping to see Smart on more large exchanges as time goes on. Remember Smart is not even a year old and these things take time.