SMARTS FINANCE - DRIVING THE WIDE SCALE ADOPTION OF DEFI BASED SERVICES

olyonyeka (47)in #smartfinance • 4 years ago (edited)

The performance of traditional financial institutions around the globe has been quite appalling over the years, people are scared of leaving their funds in the custody of these monetary systems as a result of shady practices. Issues including political influence on economic policies, negative interest rates, fraud, limited access to funds have plagued this system.

Decentralized Finance (DeFi) is turning out to be the ideal solution to these issues by integrating the blockchain and various innovative financial applications to handle the financial needs of all subscribers and reach an optimum level of performance.

Making optimum benefits on DeFi is totally reliant on the transparency of a project and its design to suit clients needs, unfortunately most projects are not properly equipped to meet the unique financial needs of clients, until SmartFinance.

WHAT IS SMARTS FINANCE?

Smarts Finance is a modern age cryptocurrency network designed to utilize the immutable blockchain technology and smart contracts to provide a fair, transparent, reliable, autonomous and fully decentralized substrate where a variety of DeFi services can be showcased and accessed by interested individuals within the DeFi ecosystem.

Smarts Finance utilizes its unique protocol built on the significant knowledge of crypto and blockchain bases finance to create a seamless access into the vast world of DeFi and its services which suits their diverse financial needs.

The network is spearheaded by a team of experts and professionals who possess deep insight, knowledge, experience, skills and the required to develop products that would drive DeFi adoption and address underlying issues of the fast developing industry.

Smarts is an ecosystem of decentralized financial services designed on flexible technologies with collective user management and control. Users’ activities and interactions in the system are mechanized using the native platform virtual governance token “SMAT” to oversee ecosystem functions and operations.

Some of the products of Smarts Finance include…

Liquidity mining
Borrowing
Lending
Yield farming
Governance

INTRIGUING ATTRIBUTES OF SMARTSFINANCE

The following describes the key characteristics that qualify Smarts as a New Frontier of DeFi based services.

Security

Security is a vital aspect of any financial platform, Smarts finance intends to consolidate an impregnable protocol to safeguard subscribers assets and funds,

Accessibility

Our Smarts protocol has been structured to integrate with the design of a Smarts Web App which is smart enough to allow users to gain access and interact with all of our available DeFi based services right from a single page with just a click.

Community Driven

The Smarts Finance Ecosystem is a DeFi platform fully backed and managed by the community. This is exactly why a unique and fair governance model has been put in place to run the affairs of the ecosystem in a fair and decentralized manner to allow for equal distribution of value.

Transparency

Every activity happening within the Smarts ecosystem will be open to the community. As a means to prove our transparency, the team’s token will be vested in a time-locked smart contract which will be made available to the community in due time. In addition to this, the fundraising wallet for contract deployment will be co-hosted with independent influencers using a multi-sig wallet format.

TOKEN DETAILS

SMAT is the major product of this innovative network, it an ERC-20 standard token designed on the Etherum blockchain utilized in economic incentives, governance, and their respective decision-making actions
and impacts.

It is the basis of reward for various kinds of product engagement and contributions. In governance, it represents the fundamental unit of influence and participation.

CONCLUSION
Smarts products include but are not limited to DeFi services such as staking, lending, farming, mining, and governance, with goals to continually develop new products and opportunities that will benefit users and the niche space as a whole.

The platform technology framework is configured in a way that allows its adaptability to different system components and integrations. Well-audited contracts ensure the security, reliability, and safety of available products and their usages.
The core value of functional offerings revolves around transparency and security, with an ambition to
operate in the most trustless and secure manner.