Now a new project is here for the solution of this problem, which is called Smash Cash.
Unlike Tornado Cash, the Smash Cash platform operates on the 10 most popular blockchains and supports 15 types of tokens, ensuring complete confidentiality of transactions made through the platform.
The Smash Cash platform is a turnkey product. Anyone can familiarize themselves with the platform on the official website of the project, and those who wish to use the services of this platform can already carry out their transactions and ensure their confidentiality on any of the 10 possible blockchains, while the security of transactions is guaranteed. by open source code, which has passed the auditю
What is SmashCash?
SmashCash is the world's first platform to support Private & Anonymous FTM, ONE, MOVR, HECO, ADA, XRP, DOT, WBTC, USDC & Arbitrum. Also supports ETH, AVAX, DAI, MATIC & USDT.
SmashCash Features
COMPLETELY OPEN SOURCE
All of Smash's source code, circuits, and chain data are open source.SMASH CASH CANNOT BE STOPED
Admin or developer can't kill app. Completely decentralized.ZK-SNARKS SECURITY
zkSNARKs has 1114 contributions to Trusted setup ceremony, as long as at least 1 contribution is honest, the zkSNARK key is secure.COMMUNITY EFFORT
The Smash Cash platform was developed based on outstanding open source research by the Algorand and Zcash teams with the help of the ADA, Plokadot and Binance ethereum communities.FIXED PARAMETERS
The protocol parameters and token distribution are final and programmed into the smart contract.NO SINGLE POINT FAILURE
InterPlanetary File System (IPFS) hosting guarantees there is no single point of platform failure. The platform is active if at least one of the IPFS servers is active. In short nothing can bring the platform down.USER INCENTIVE
Users are incentivized to stake their SMASH tokens for staking rewards. Rewards appear in your account periodically. Earn rewards for just $1 in crypto.
The SMASH PROFIT SHARING platform shares the profits generated from fees in native tokens such as ADA, BNB, DOT and ETH.
What is zk-SNARK?
The acronym zk-SNARK stands for “Concise Non-Interactive Knowledge Argument Without Knowledge”, and refers to a construction of evidence in which a person can prove ownership of certain/information, for example a secret key, without disclosing that information, and without any interaction between proof and verifier.
“No knowledge” proof allows one party (evidence) to prove to another party (verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, remembering the hash of a random number, the verifier can convince the verifier that there really is a number with this hash value, without revealing what it is.
In a non-knowledgeable “Proof of Knowledge,” the verifier can convince the verifier not only that the number exists, but that they actually know the number – again, without revealing any information about the number.
A “compact” zero-knowledge proof can be verified in a few milliseconds, with a proof length of only a few hundred bytes even for statements about very large programs.
The Smash Cash platform is completely decentralized, which means that no one, no authority, no country can prohibit the use of this platform or shut down its work. Even the platform developers cannot stop the work of this platform.
The Smash Cash project, in turn, is a DeFi project. SMASH token holders can stake these tokens and receive rewards in these tokens. At the same time, in order to make a profit, it is absolutely not necessary to be a large owner of SMASH tokens, and even those who have invested at least the equivalent of $ 1 can receive a profit. Distribution of profits between holders is also done automatically, for that smart contracts are programmed.
In addition, the Smash platform will share a portion of its profits with investors of this platform - investors will be able to profit not only in SMASH tokens, but also in cryptocurrencies such as: ADA, BNB, DOT and ETH.
HOW IT WORKS
DELIVERY
A user generates a private key by depositing Ether, ADA, DOT, BNB or any of the 15 supported tokens along with sending a hash of the record to the Samash Cash smart contract.WAIT
After the funds are deposited, the user is required to wait a while for the withdrawal privacy to be improved. Better privacy is directly proportional to waiting time.INTERESTING
Now users can send proof that they have a valid key to one of the deposit records and the smart contract releases funds to the recipient. Make sure you submit notes to each contract.
SMASH tokens can be staked in pools. Currently, there are 3 types of pools:
Silver, which guarantees 5% profit and to participate in which you must have 20,000 SMASH tokens;
Gold pool, entitles to 15% reward and 100,000 SMASH tokens required to participate in this pool;
Platinum pool, gives 35% profit, but to participate in this pool, you must have 200,000 SMASH tokens.
Distribution of profits received in the pool occurs once every 30 days.
In turn, SMASH tokens are built on top of the Binance Smart Chain platform, which makes transactions associated with these tokens faster and cheaper in relation to the main Ethereum network. This is an excellent indicator, which allows not only rich people to become owners of SMASH tokens, but even people with low incomes, who will be able to buy SMASH tokens even in relatively small amounts.
In total, the Smash Cash project has issued 1,000,000,000 SMASH tokens, including:
- 100,000,000 SMASH tokens allocated for public sale;
- 100,000,000 SMASH allocated for stock exchange listing;
- 270,000,000 SMASH is devoted to platform marketing and promotion;
- 200,000,000 SMASH allocated for research and development;
- 200,000,000 SMASH allocated for future wagering prize payments;
- 100,000,000 SMASH allocated to the team and advisors;
- 25,000,000 SMASH to provide floating liquidity.
Initially, the announced price of 1 SMASH token was $0.001. So, if you make a mathematical calculation of the capitalization of all issued tokens, you can see that the total capitalization is now only at the level of $1 million. And if we take into account the fact that initially not the entire volume of issued tokens will be in circulation, but only part of these tokens, then we can understand that the price of SMASH tokens is aimed at further rapid growth, which will provide existing investors with the opportunity to increase the value of cryptocurrency assets. SMASH, and therefore receive additional benefits from its price growth.
Tokenomics
- Total Supply Destroyed 1 Billion SMASH
- Price List $0.001
- General Sales 100 million 10%
- Stock List 100 Million 10%
- Marketing and Promotion 270 Million 27%
- Research and Development 200 Million 20%
- Bet prize 200 Million 20%
- Teams and advisors 100 Million 10%
- Floating Liquidity 25 Million 3%
Cost Distribution Structure
SmashCash users must store 20,000 SMASH tokens in their wallets to collect 5% of the platform fees shared among tier1 holders. They can choose one token to receive their incentive.
Customers who hold 100,000 SMASH tokens in their wallets will collect 15% of the platform fee, which is divided among the holders.
Roadmap
For More Information:
Website: https://smashcash.io/
Whitepaper: https://smashcash.gitbook.io/whitepaper/
Telegram: https://t.me/smashcashio
Twitter: https://twitter.com/smashcashio
Medium: https://medium.com/@smashcash
GitHub: https://github.com/smashcash
Author : Homio
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2865336
My BSC Wallet : 0x3e9D0A5f1eA321a35AAec9629827123860d7Ea09