INTRODUCING SMARTS FINANCE
COMPANY VISION
The management of SMARTS projects a system that eradicates trust needs in crypto currency transactions by improving the bad aspects of the system. They intend to improve on the products and operating dynamics of existing products in order to make a positive contribution to the Defi.
COMPANY MISSION
Their mission is to substantiate the financial experience of the users by providing a secured, innovative and fair Defi platform through their community.
ABSTRACT
Smarts is designed with flexible technologies that enhance user management and control on decentralised financial systems using the SMAT token. The platform is mechanized SMAT token to govern and oversee the functions and activities of the ecosystem.
SMAT is a very influential unit in the governance of the system and the basis of reward for participants in the project.
Smarts has a motive of continually developing new products, services and opportunities that will benefit the users. They don't depend only on Defi services.
INTRODUCING SMARTS FINANCE
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.
GOVERNANCE OF SMARTS COMMUNITY
The founding members of Smarts will supervise the implementation of the basic standards of the organizational systems and will gradually pass the governance of the company to the community to decentralise the control. 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.
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.
For a SMAT governance token to be qualified to vote on a proposal, it must have been held for 14days.
Holders of SMAT can perform the following governance functions which include;
Proposing terms of contract and oracles update.
Changing of interest rates of products and services.
Proposing of listing of new token market.
Assigning new admin or multi wallet individuals.
Redefining reward structure and distribution.
LIQUIDITY PROCESS
Smarts Liquidity process will feature many pools in different dynamics, with first implementation of SMAT/ETH pool. The choice of additional pools is determined by the governance system directive which depends on the community and holders of SMAT.
Liquidity providers earn good rewards on their locked tokens. They are rewarded according to the size of the asset they locked in proportion to the total locked value of a particular pool.
A time-lock is to be mandated for the Liquidity provided in SMAT/ETH pool to steady trading and availability of liquidity.
Other additional pools will be focused on established tokens and stablecoins like BTC. Their rewards change based on the number of pools available for Liquidity mining.
SMARTS LENDING
The Smarts Finance has a reward structure that benefits both the lender and borrower in order to encourage more activities on their platform. Both borrowers and lenders are rewarded with SMAT tokens and a portion of the earnings are distributed evenly between the lenders and borrowers. This structure is subject to change by the dictates of the community governance and SMAT holders.
Borrowers
À borrower can request for a loan from the market by providing an adequate collateral to cover the loan requested.
The collateral is represented in SMAT token and is qualified to earn interest depending on the market forces of demand and supply, which accrues to the borrower as incentives.
There is a market factor that determines the integer value of the collateral based on its volatility and the amount that can be borrowed on the asset. The more volatile the asset the bigger its value.
Lenders
These are suppliers who lock their assets over time in the pool. They earn interest on the locked assets depending on the demand of the borrowers.
When they deposit funds in the pool, they are given an equivalent amount of SMAT token as a receipt to prove their deposit. The deposited asset can be redeemed anytime with an equivalent SMAT token.
A supplier can also use a locked asset as collateral to borrow from the market provided it meets the terms of collateral. This presents opportunity for holders of long term coin to use their holding for investment and trading benefits.
Smarts present a lending structure that makes borrowing and lending beneficial to every user in the following;
Lenders earn sweet income by depositing assets in the pool.
There is constant supply of assets to the pool.
Easy matching process of suitable borrowers and lenders.
Easy access of funds by borrowers by providing adequate collateral which also earn interest.
Allows direct and indirect lending and borrowing.
ABOUT SMAT TOKEN
SMAT is the native token of Smarts Finance. It is an Etherum ERC 20 and will be used to oversee the control and reward distribution of Smarts ecosystem. SMAT will be traded in decentralised and centralised crypto Exchange platforms.
SMAT will be used in the following dynamics;
Reward Distribution: it will serve as an incentive vehicle for compensating user contributions to the platform.
Governance: staking and locking of SMAT token gives voting right to the proposals in the Smarts ecosystem.
Fee Generation: various fees are charged for using SMAT. Such fees include lending, trading, mining, staking and governance fees. These fees accumulate in the company treasury and are distributed as incentives to the users and also used in buybacks.
Smarts has projected the supply of 1,000,000 SMAT tokens to be allocated to the participants as explained in the percentages below;
60% is allocated for staking, mining, lending and governance.
10% for project reserve.
5% for ecosystem, partnership and Exchange.
3% for marketing and promotions.
1% for advisers
9% for the management team.
12% for fundraising, hiring and project development.
SMAT STAKING
Smarts allows the staking of SMAT and other Etherum tokens that are supported by its platform.
20% of the pool rewards will be allocated to staking rewards, 50% of which is allotted to SMAT staking.
SMAT staking process 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 of 7days, 14 days, 30 days, 3 months and 6 months respectively.
The reward for staking depends on the duration of the staking period, the longer the period the higher the returns.
DISCLAIMER
Investment and usage of crypto currencies involves some high level of risks and SMAT is no exception of these risks. The content of this write up is for information purposes and should not be considered as any form of financial or investment advice.
Smarts Finance will not be liable for any loss or damages incurred by clients as a result of risks and uncertainties associated in SMAT tokens.
Official Project Sources
Website: https://smarts.finance/
Telegram: https://t.me/smartsfinance
Whitepaper: https://smarts.finance/assets/documents/WhitePaper.pdf
Discord: https://discord.com/invite/rertF5a
YouTube: http://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw
Twitter: https://twitter.com/Smarts_finance
Medium:https://medium.com/@smartsfinance
AUTHOR'S DETAILS
Bitcointalk Username: Movearmy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768203
Proof of Authentication: https://bitcointalk.org/index.php?topic=5290318.msg55867481#msg55867481
Eth Address: 0x52De5Bb527946Faec9FA79293894208dAbdDe6C5