SmashCash, a Layer One Protocol, allows members to send tokens between two wallets privately and anonymously on ten (10) Blockchains and support fifteen (15) tokens.
Membership
SmashCash has three distinct membership categories: Silver, Platinum, and Gold. The reward distribution for the three membership categories is the same and happens every thirty (30) days. Also, the staking period or length in days for the three categories is the same and is set at 30 days. However, the membership category differs in the following aspect shown below:
Silver: Have Rewards Pool Weight of 5% and a minimum staking requirement of 100,000 SMASH.
Gold: Have Rewards Pool Weight of 15% and a minimum staking requirement of 200,000 SMASH.
Platinum: Have Rewards Pool Weight of 35% and a minimum staking requirement of 500,000 SMASH.
Competitor Comparison
SmachCash has successfully created a niche in the digital currency world; however, they still have few competitors as technology keeps evolving. TornadoCash poses as a significant competitor to SmashCash, and below are comparison criteria between the two which will well guide the potential investors as they make their investment.
Sending Tokens between wallets privately and anonymously: both SmashCash and TornadoCash do this successfully.
Market Capital: SmashCash has a market cap of 100 thousand USD, while TornadoCash has 75 Million USD. Economic professionals analyzed that products with lower market capital have a higher chance of price growth.
Fully Diluted Market Cap.: SmashCash has a fully diluted market cap of one million USD, while TornadoCash has 700 million USD. Also, going by this value, Smachcash has better growth chances, which should attract investors.
Phantom, Harmony, Arbitrum, Moon River, Heco Chain, ADA, XRP, and DOT Supports: SmashCash supports all of these platforms, but TonadoCash does not, which makes SmashCash more versatile and valuable.
The number of Blockchains Supported: SmashCash supports ten Blockchains, while TornadoCash supports five, thus making SmashCash more valuable, versatile, and acceptable.
Tokens Supported: SmashCash supports a total of fifteen different tokens, while TornadoCash supports ten different tokens.
Features Supported: SmashCash supports thirty-three different features, while TornadoCash supports eleven various features.
Profit Potential: going by the fully diluted market capital value, SmashCash's profit potential surpasses that of TornadoCash by seven hundred times, equivalent to 700%.
Rewards: earning rewards for members is part of the structure of SmashCash, but TornadoCash has no reward plan for its members.
Telegram Membership: SmashCash has over 9000 Telegram members, while TornadoCash has about 4500 Telegram members, making SmashCash a more popular option.
Instagram Followers: SmashCash has over twenty thousand Instagram followers, while TornadoCash has no Instagram handle at all, making it impossible for those using only Instagram to know about TornadoCash.
TikTok: SmashCash has over 26000 followers on TikTok, while TornadoCash has none.
Transaction Fee: The transaction charge for SmashCash is low when compared to that of TornadoCash.
Road Map: SmashCash has a well-structured Road Map that defines or determines their moves, but TornadoCash has no Road Map.
Twitter: TornadoCash has over 25000 followers on Twitter, while SmashCash has 23000 followers.
Going by the comparison criteria, TornadoCash only appeared like the better option in terms of Twitter followers. Still, the difference in the number of followers between the two competitors is just 2000 followers, which is close. However, in all the other criteria, SmashCash appeared a far better option than TornadoCash.
Projects 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
Writers Information
Bitcointalk Username: Washhazard
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767526
Proof of Authentication: https://bitcointalk.org/index.php?topic=5373364.msg58541108#msg58541108
BEP-20 Wallet Address: 0x2149Be6Df0bF44e75a9C00AdF02504FBb4b297DA