Hi everyone ... I am here to inform you by writing a review to introduce a very unique new project called Smarts Finance, so for that, have a look at the article I created below to give you a really good overview of the project, then What benefits do they provide to everyone? Let's go straight to the discussion below.
INTRODUCTION
DeFi scams are now rampant in the DeFi industry. This has chased investors away from recent DeFi projects thinking all the DeFi projects are out in the market to scam. Smarts wants to clear this image by first of all owning a multisignature wallet where trustworthy influencers will be called to be the key holders of transactions. These influencers would be people with no connections or familiarity with the smarts platform. They would be strict with the admission of the type of influencer that have come to join their ecosystem. Smarts is a special DeFi project set to offer users a transparent money market through the use of blockchain while maintaining a community-friendly relationship.
Smarts strives to build a platform with the following qualities:
- Minimal fees: The distributed gas fees helps to maintain low transaction fees on the smarts platform. The liquidity mining function makes this possible.
- Community-loving: Traditional Finance handles its users assets in a centralized manner without the users having full control over their assets. Blockchain challenging traditional finance means they give full control to its users. What makes them any different if they decide to give control only to themselves? SMAT token holders directs the operations of smarts through the governance model.
- Adaptive: Smarts platform can easily allow the staking of multiple tokens in their staking protocol.
What is Smarts Finance?
Smarts Finance is a new project with a team of good experts. Did you know the people out there that offer a new feature with a community-centric admin system that will create good services and make good products, do you know Smat holders in all platforms are integrated and also wow that's nice instructions. Smarts Finance also has a good team to implement and build an ecosystem on this platform very well.
Smart financial technology is great as Smarts is unreliable and also very good in decentralized networks and the ecosystem is good as well because building smart based on this concept is allowed in all contracts. have been deployed and will be verified and also tested. So for all users making transactions will be in control and will be comfortable in the platform.
Smarts Finance Products and Solutions
Facing the challenges the DeFi world faces is not an easy task because no system can be 100% perfect and faultless. Smarts will offer unique DeFi products under its ecosystem.
- Smarts staking: Smarts will allow its users to stake SMAT(native token) and also other tokens not controlled by the smarts ecosystem such as COMP etc. Governance model will allow the users of the platform to either eliminate or add a token to the staking pool. Rewards will be disbursed to token holders that participated in the staking pool. This rewards will be given to them daily depending on the nature of their staking periods. Longer staking periods usually attract higher profits than the shorter staking periods.
- Smarts lending and borrowing: Smarts is not just a simple DeFi project, but a money market. Users are qualified for its lending services after they reach the minimum expected collateral that will be used to back up the assets he/she would like to borrow. The assets that are used to serve as a collateral for backing up the assets will be over-collateralized. On the smarts platform, both the lenders and borrowers can earn rewards from the lending and borrowing system of smarts which will be given to them daily and a farming strategy token which was recently implemented.
- Liquidity mining: The first liquidity pool that will be available will be the SMAT/ETH which will take 50% of the mining rewards. Yield farmers can farm any pool, but only the SMAT/ETH pool will be available for a start. Though, Ethereum network has very high gas fees, smarts will lower the cost of the gas fees by pooling the pool. Users can easily participate this way with its cost-effective fees.
Why should you choose Smarts Finance?
- Gas costs are distributed to minimize transaction costs.
- Unique Staking Feature.
- Multiple reward or incentive mechanisms.
- A loan model that provides incentives to suppliers and borrowers.
- Lock-up liquidity mining model with additional vesting, high yield, and sustainable characteristics.
Token Distribution
Roadmap
K3 2020
- Research Project Plan, and Conceptualization
- Contract Testing and Retesting
- Initial Website Launch
- Litepaper concept
K4 2020
- Implementation and Execution of Contracts
- Contract Audit and Verification
- WhitePaper release
- Token Sale & Uniswap Launch
- Updated Website Browsing
- List of Coingecko / Coin MarkepCap
- Liquidity Mining Agency
- Portal Staking Releases
- Register Cex
K1 2021
- Updated WhitePaper Release
- Loan Platform Launching
- Enhanced Staking, Mining and Lending Products
- DAO and Governance Platform releases
- Partnerships and Agreements
K2 2021
- Web Application Release
- Complete WhitePaper Release
- NFT Integration and Concept Release
Denial
DeFi's products and services are still in the experimental stage and require careful handling. Always be able to do your research and invest what you can afford to lose when you interact with the different components. Although, Smarts Finance will use the flexibility and experience of an accredited auditing firm to ensure the safety of our contracts. However, we cannot guarantee that they will not misbehave due to bugs or other uncertainties. Use the product with care.
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
For more information, please see the link below:
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
User: Bidadari_surga
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1011291
Wallet Address: 0xBd706dD25c38c5502DbB2B254bFA6bbD54b8F8d3