Smarts Finance - A New Frontier For DeFi Services And Governance System

in smartfinance •  4 years ago 

  • Now is the time when people can transact more safely and faster using cryptocurrency. Cryptocurrency allows people to transact safely, anonymously, and without third parties.
  • Since the emergence of cryptocurrency, it has brought many changes to the financial industry. The proof is that since cryptocurrency has started to be adopted by the public, there have been many cryptocurrency features that are almost the same and even better than traditional technology.

For example, the decentralized finance protocol or what is usually shortened to DeFi, allows developers to be able to implement traditional financial instruments into decentralized applications. This allows cryptocurrency and blockchain to be applied to more complex financial cases and allows crypto investors to maximize their profits.



Smarts: ​A New Frontier For DeFi

Smarts is a platform that provides DeFi solutions for you crypto enthusiasts. This is a platform that will use blockchain technology and make it an innovative solution to provide an autonomous and flexible money market. This is a platform that allows you as a crypto user to perform various crypto activities such as lending, staking, and liquidity mining.

Smarts is a community-centered platform and provides open DeFi features, so that when you hold an SMAT token (Smarts original token) you can take part in participating and developing the platform, or you could say Smarts is a decentralized DeFi platform with a community governance system.



Platform Features

  • Smarts Staking : This feature allows users to stake their tokens and get passive income from the tokens they stake.
  • Liquidity Mining : Allows users to become liquidity providers and get double rewards in fees and SMAT tokens for every user contribution.
  • Smarts Lending : A decentralized lending feature where users can get loans in the safest, easiest, and seamless way compared to traditional financial platforms.



Why Smarts?

There are many DeFi platforms on the market today, and not many of them are really serious about addressing this potential DeFi market. And Smarts is a platform built by professionals who understand how the crypto market works.

These are professionals who understand that the DeFi platform requires transparency, trust and openness. That's why Smarts is built on these three foundations and makes it their ethos - building a platform with a network that empowers every participant, but keeps the DeFi platform on track - well managed by professionals behind the scenes who remain semi-anonymous, and as well as establishing good relationships with various parties to form a better DeFi platform. This is the reason why Smarts is worth choosing.



SMAT 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.



Smarts Tokenomics

There will be a max token supply of 1,000,000 SMAT of which 25% will be available for sale.

  • Token Name : SMAT
  • Token Symbol : SMAT
  • Max Supply : 1,000,000
  • Total Supply : 550,000



Team

Transparency, trust, and openness is our core ethos. We stand by these abstractions and build the network elements to conform with the concepts. However, due to the regulatory uncertainties of DeFi across many jurisdictions, the founding members will stay semi-anonymous. The multi-sig function of the principal wallet eliminates the need for complete trust and risk of rug-pulling. We acknowledge our semi-anonymous status effect in partnership and deals and will use the most effective ways to bring things to good fruition. In order to fully bridge trust, the following have been established.

  • Team is KYC Verified with DexTools
  • Team Operate Multi-sig wallet with ICO Pantera



In Conclusion

Smarts is a DeFi platform that focuses on providing an autonomous and flexible money market, with a community-centric approach that allows everyone to maximize their profit and at the same time participate in the development of the Smarts platform.

This is a DeFi platform built by professionals on a decentralized platform that allows users to be able to transact safely and comfortably without worrying about security. So because of this, Smarts deserves to be called "A New Frontier For DeFi Services and Governance System" which not only allows users to use DeFi services but also participates in its government.



Keynotes

  • Smarts is an innovative DeFi platform proposing the use of blockchain technology to provide an autonomous and flexible money market
  • Smarts is a community-centered platform and provides open DeFi features.
  • Smarts Is Trustless And Decentralized.
  • A lock-up liquidity mining model with additional vesting, high yield, and sustainable characteristics.
  • Transparency, trust, and openness is Smarts core ethos.



ACCURATE INFORMATION



AUTHOR

smartfinance smat cryptoinvestor cryptocurrency blockchain decentralization bounty
4 years ago by

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