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SmartCoin (SMRT) priceSMRT
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
- Total supply
- 76.49M SMRT
- Self-reported circulating supply
- 918.76M SMRT
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About SmartCoin (SMRT)
What Is SmartCoin (SMRT)?
Founded in 2018, SmartCoin (SMRT) is a multi-phase yield farming protocol deployed on Avalanche (AVAX) - a layer-1 blockchain. Smartcoin functions as a platform for decentralized applications & custom networks. By teaming up with Avalanche, SmartCoin has relied on fast and cheap transactions.
SmartCoin was developed from scratch and the creators have two main goals:
Firstly, to provide a stable, safe, and most importantly - profitable experience for those keen on pursuing high APRs. And secondly, to completely break the DeFi financial system and fill the unmet needs of the industry.
According to the team, SmartCoin entered the market with an innovative self-feeding tokenomics system and a fair launch. The amount of SmartCoin (SMRT) is constantly increasing and distributed among the community in the form of massive booster mechanics and economic stimulus incentives.
The SmartCoin roadmap dates back to Q3 2021, with the tokenomics, investment strategies, and platform mechanics set to evolve in each phase.
Who Are the Founders of SmartCoin?
The SmartCoin team is creating the project completely anonymously, however, there are a few key details available regardings its team. As of November 2021, the company employs a fully KYC-verified crew of founders including a Harvard professor, Amazon / Apple developers, a triple-A game architect, and professional yield farmers. The principle of anonymity is respected in order to protect the team members in the first place allowing the entire staff and consultants to work incognito. However, the founder of SmartCoin privately confirmed the identities in RugDoc as Low Risk.
What Makes SmartCoin Unique?
The developers of SmartCoin are doing their best to make the company's mission a reality. Specifically, the developers aim to provide the community with an innovative, exciting and easy-to-use yield farming aggregator protocol, while guaranteeing stability and security of the platform.
SmartCoin is easy to navigate, and is designed to reinvest as much funding as possible back into the Smart ecosystem. 70% of all emissions go to the community: 50% of the total issued SMRT tokens are allocated to reward the liquidity provider, and 20% goes to the treasury. Thus, SmartFund is essential to stimulate the economy, and reinvestment back into the SmartCoin community, as high APR% events stimulate adaptation and involvement of participants.
SmarChain offers several incentives to reward farmers & investors:
Bollinger Band Booster: A set of trend lines for a price chart that acts as a corrector, helping determine the position of the price (high or low position on a relative basis). Bollinger Band Booster participates in the process of building innovative tokenomics: if the price falls below the lower Bollinger band, then Bollinger Band Booster increases APR using SmartFund. There are a number of pros behind this mechanism including raised profitability for investors, reduced incentives for bank runs, and generated buying pressure for SMRT.
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