INTRODUCING SMARTS FINANCE

danbasky (25)in #smat • 4 years ago

Smarts is a decentralised financial blockchain that will provide fair, flexible and secured various Defi based services.
They have a team of dedicated and experienced individuals who have done research on Defi services, discovered its challenges and provides solutions towards solving them.
There are not unique features that differentiates Smarts from other existing Defi platforms, which include;

🔹 Staking of other tokens rather than only the platform token.

🔹 A model of lending that benefits both the lender and borrower.

🔹 Reward of both SMAT and other liquidity mining token on a single Liquidity Pool token.

🔹 Minimized transaction costs by distributing gas fees in Liquidity pooling functions.

🔹 Rewarding of SWAT and other trending token on their lending products.

🔹 High yield and sustainable lock-up liquidity mining model.

SMARTS MISSION

Smarts has a mission of providing a secured, fair, and innovative Defi platform to the users of the ecosystem and consolidate their financial status.

SMARTS VISION

Smarts Finance has an experienced professional team with a mission of applying their wealth of financial experience to provide an innovated, secured and fair decentralised financial systems to the crypto ecosystem. Many projects have been introduced into the system with the aim of deceiving and defrauding the users. This has resulted in trust issues.
Smarts Finance intends to provide solution to the issues by consolidating on existing Defi services to make positive impacts and improve the operations of the system.

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MODEL FEATURES

Smarts is differentiated from other crypto tokens by the following features;

Accessibility

Smarts is designed on a web App that allows users to access and interact with all its available Defi services with just a click.

Security

Smarts will make every Etherum based contract public for rigorous auditing and also engage the services of blockchain experts to audit their contract. This enhances the security of the platform.

Transparency

Smarts will make every activity in the ecosystem open to the community in order to prove its transparency. The tokens will be vested in a time locked smart contract, which will also be made available to the community.

Community Friendly

A fair governance has been put in place to run the affairs of the ecosystem in a fair and equitable manner. The system is fully managed by the community.

SMARTS COMMUNITY GOVERNANCE

The first action towards decentralization is granting of multi wallet holding to popular community influencers, who will be the first team of advisors to the company.
The implementation of the basic standards of the Smarts systems will be supervised by founding members of the company. They will gradually transfer the governance of the company to the community in order to decentralise the control.

Holders of SMAT token can vote for change in the system if they meet certain criteria such as having the minimum token required to meet voting strength and having a good reputation and activeness in past community activities.
The voting mechanism is liable to change per basis of the community suggestion and consensus.
A SMAT governance token must be held for 14 days to be qualified to vote on a control proposal.

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ABOUT SMAT TOKEN

SMAT is the official token of Smarts Finance ecosystem. It is an Etherum ERC 20 based token and the basis of transactions and rewards. Holders of SMAT participate in the governance control voting in Smarts community.

The management of Smarts Finance will supply a total of 1,000,000 SMAT tokens to be distributed to the participants.

SMARTS PRODUCTS

Smarts Finance will introduce some unique projects in blockchain to benefit its users. The products include;

Lending

Smarts give its users access to beneficial financial services on the blockchain.
It provides a process that makes lending and borrowing easy for users.
Lenders (suppliers) earn good rewards for depositing and locking their assets in the pool. They receive equivalent value of SMAT tokens for the locked assets can also use the assets as collateral for borrowing from the community. These assets can equally be redeemed back from the pool by depositing the current equivalent value of SMAT tokens by the supplier.

The borrowers can request a loan from the assets by providing sufficient collateral to back up the request. The provided collateral also earn interest for the borrower.

Staking

Users of Smarts Finance are allowed to stake SMAT and other Etherum tokens that are supported on its platform.
The Smarts finance allocates 20% of the pool rewards to reward staking. 50% of which is allotted to SMAT staking.

SMAT staking procedures are in 2 directive pools.
The first pool is allotted 27% of SMAT staking rewards, while the remaining 23% rewards goes to the second pool. Access to these pools are based on first come serve until the limit is reached.
The staking of SMAT is divided into 5 possible staking duration as;
7 days
14 days
30 days
3 months
6 months respectively

The reward for staking depends on the duration of the staking period, the longer the period the higher the returns.

Liquidity

Smarts create liquidity pools that allow users to deposit their tokens for trading. The first pool created is a pair of SMAT/ETH token pool. The deposited tokens are verified before they are made available for trading. The SMAT/ETH is normally locked up for 6 months at least, and can be extended further in agreement with the community.
The depositors are rewarded with SMAT tokens in exchange and equal proportion to their deposit in the pool and can be redeemed at expiration of the lock-up period.
The Smarts platform has a structured pool mining process that makes it SMAT token to be marketable and liquidate easily. Thus, it is a very good investment opportunity to investors.

RISK/BUYER BEWARE

The White paper shall not be regarded as a prospectus or a solicit for investment. None of the information on the white paper intends to provide a base for investment decision.
The white paper provides information about the company for discussion purposes. It is not a contract document and no part of it is legally enforceable.

The crypto currency is associated with inherent uncertainties, and SMAT token is not an exception. Therefore, any buyer of SMAT token and related services must accept these uncertainties.

Subscribers will have to acknowledge that this project may be abandoned and never come to fulfilment. Thus, no legal action can be taken against the company

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