The idea of lending and borrowing is very appealing to the users since there are always people who are in need of funds but not getting the right options to borrow. Also there are people who have majority of holdings and getting nothing since their holdings are lying dull in their wallets. So they want to lend their assets and in return will get interest from the borrowers. Since the crypto field runs on trustless module where each and every user is having its own privacy and security, It looks risky to use the lending/borrowing protocol. Here we see the worth of the project like Smarts which is user friendly , community centric and narrow the gaps between the borrowers and lenders.
The Smarts project provide its user SMAT/ETH pool. This pool will form the primary pool at which 50% of mining rewards will be directed to. To allow a stable pool operation. SMAT/ETH pool will be subjected to a lock-up period of 6 months and will be the first product launch of the ecosystem with capability for high yield and rewards in the early phase.
SMAT is the name of the token of Smarts project. SMAT is the governance token and the basis of value creation and generation of the Smarts ecosystem.SMAT is ERC20 standard token built on ethereum blockchain.
Ticker name - SMAT
Token Address- 0x959f83672e6c7ba640f726b5d5fc98a936925f75
Multisig Address - 0x07b9cafB1a7fC12Bb258D0F3985d1abaf3127b8
Max. Total supply of SMAT is 1,000,000 and the total supply is 550,000.
45% of supply is used for staking, mining,lending and governance
25% is used for token generation events
5% is reserved for marketing and
10% is kept reserved for the team
15% of SMAT supply is used for liquidity lock
There are two phases of SMAT token generation (TGE).
250000 SMAT will be minted for the Token generation event (TGE).
91,000 Tokens is allocated for TGE 1
159,000 Tokens is allocated for TGE 2
TGE 1 price is 1 ETH = 130 SMAT
TGE 2 price is 1 ETH = 125 SMAT
Uniswap Listing price 1 ETH = 100 SMAT
RoadMap is the backbone of any project. When a project is stick to its roadmap and achieves timely achievements then the future is bright and the project will go longer and be a well established brand.
Smarts has a well planned roadmap and moving towards success under the leadership of well educated and innovative team.
For more information of this promising project check out the social links:
Whitepaper: https://smarts.finance/assets/documents/WhitePaper.pdf
Website: https://smarts.finance/
Twitter: https://twitter.com/Smarts_finance
Discord: https://discord.com/invite/rertF5a
Telegram: https://t.me/smartsfinance
Medium: https://smartsfinance.medium.com/
YouTube: https://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw