Smart Finance: The Smarts Ecosystem

in #smartfinance4 years ago

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Decentralized Finance is another aspect of the crypto world that is currently doing well in the market. There are different opportunities presently, but the main issue is if one can handle the risks that comes with it such as recent DeFi projects released all the time. The decentralized nature of blockchain encourages users to participate and have a right to their data and funds, but the current DeFi projects have some limitations even if it describes decentralization in different ways. Smarts tries to describe true decentralization by tackling the problems encountered with these other DeFi projects, although they are not looking to offer a direct solution to the problems.
Some features you can see in Smarts which is absent in other DeFi projects includes:

  1. The lending feature which doesn't benefit both the borrowers and suppliers on other DeFi products, but benefits the suppliers and borrowers on Smarts.
  2. Users receive double rewards to earning SMAT and governance token like UNI.
    Services available on Smarts includes:
  3. A governance system will be available to the users to handle the movement and direction of the system and determine it's future possibilities.
  4. Lending and borrowing platforms that will include presence of interests in the pooled digital assets of depositors.
  5. Staking and mining platforms will encourage users to lock more of their tokens to earn large rewards.
    All these services will be enforced on Smarts ecosystem through their native token, SMAT.
    Characteristics of Smarts
  6. Accessibility: Users can get access to a Smarts Web App that has being unified with the Smarts protocol. Users can get hold of any DeFi services that are offered on the Smarts ecosystem directly from the Smarts Web App with just a click.
  7. Security: When the Smarts protocol was built, this was the first option to come to mind because a secured financial platform is always the best and this is where potential customers will run to.
  8. Community: The community is one of the key factors to a decentralized society and Smarts does not hesitate to give its community the privilege to control and manage the Smarts ecosystem.

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SMAT Token
The reward of users, creation of value, governance will all be executed through the use of the SMAT token. It is a governance token built on the Ethereum network. It can be traded and will be present for any trades in both decentralized and centralized exchanges.
1,000,000SMAT will be supplied in total with 12% of it for sale; 7% will go to pre-sale of the tokens and 5% will go to the public sale of the tokens. Its total supply is 400,000SMAT.
The usage of SMAT has been divided into three ways for easier understanding.

  1. A means by which fees can be generated: All products available under the Smarts ecosystem will use the SMAT token as a means of fee generation.
  2. In governance: Users can stake and lock their SMAT tokens in order to have a high sSMAT to vote.
  3. In disbursion of incentives: Users will be compensated with rewards for their involvement in the Smarts ecosystem.

Useful Links :
Website : https://smarts.finance/
Twitter : https://twitter.com/Smarts_finance
Telegram : https://t.me/smartsfinance
Discord : https://discord.com/invite/rertF5a
Medium : https://medium.com/@smartsfinance
Youtube : http://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw

Publishers Details :
Bitcointalk Username : Bukalala
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835402

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