SmartsFinance

The Smarts ecosystem is built upon a shared record of past transactions in a blockcain network, giving
it a robust and solid foundation that will serve as a basis to gain access to various DeFi services in a
trustless and decentralized manner. Based on the implementation of the advanced Smarts Protocol that will be used in the Smarts Network, users will be able to gain access to a wide range of DeFi based services including Smarts
staking , Smarts lending, Liquidity mining, Smarts DAO, and the Smarts Web App.

Community is a very important aspect of our ecosystem and as such, we have laid down a welldefined governance mechanism that gives power to our users most especially early adopters by allowing them to have a bigger say in all activities happening within the ecosystem and get rewarded for helping to shape the project. Our protocol is built on a smart framework and will make it easier for users to participate independently in the DeFi space simply and securely.

The implementation of our Smarts Web App gives a practical demonstration of Smarts being the hub of simplicity and a go-to platform for users to gain access to various DeFi based services by directly navigating through a single point of entry for every service they want to partake in within the ecosystem. This and many important features are what makes Smarts a one-stop DeFi platform for all and sundry to partake in the DeFi space in a fair, secured, and trustless manner.

Smart Token

The Smarts ecosystem, governance, value creation, and reward distribution will be overseen with the use of the platform SMAT governance token. SMAT is an ERC-20 standard token initiated and built on the Ethereum network. It is the basis of value transfer and generation. SMAT is a tradable token and will be available for trade on decentralized and centralized exchanges.

The usage of SMAT will take many known dynamics and utilization. In Governance: to vote or create a proposal, an account must have a voting weight it commands. This weight is generated in the form of sSMAT (strength of SMAT) which is a product of staking and lock-up function of the SMAT token. A Basis Of Fee Generation: all concerned products and operational fees (staking, mining, lending, trading, governance) will be charged in SMAT for different utilization. For trades on AMM exchanges like Uniswap or Balancer, 0.4% of a trade amount is charged for every buy and sell order. This fee will gradually accumulate in the Treasury wallet and will be utilized in added incentive distribution and buybacks. Other product fees and their percentage are referenced in their respective section of this paper. In Reward Distribution and Incentives: to compensate the users and movers of DeFi concept and our products. SMAT will serve as an incentive vehicle by which users are compensated for their interaction and contribution to the platform.

Project Links

• Website: https://smarts.finance/
• Twitter: https://twitter.com/Smarts_finance
• Telegram: https://t.me/smartsfinance
• Medium: https://smartsfinance.medium.com/
• YouTube: https://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw