INTRODUCING SMARTSFINANCE - REVAMPING DEFI EXPERIENCE THROUGH ADVANCED SERVICES FOR USERS
The importance of Decentralized finance services can not be be overemphasized as it's not just a pathway to an upright coordinated financial structure but also a pass to a more liberal, inclusive and radical financial structure that everyone should be part of. The decentralized system allows for every individual participation as it openness is unrestricted.
This is a much better system than a centralized one as data and information are not stored or controlled by a third party central point giving a lesser opportunity for hacking whereas in a centralized system information is not open to all individual and failure of the Central point puts all data at risk. Indeed the importance of Decentralized system can not be overemphasized.
However, the current decentralized finance services is being faced with problems of poor accountability and documentation of projects which allows investors to fall prey to shady systems whose initial motive is to rip investors, unsustainable reward mechanism that can have negative influences on participants investments, little to no allowance for proper governance to ascertain true decentralization as a result of poorly organized structures and these pose a threat to the future of Decentralized system of blockchain technology, hence the introduction of SMARTS FINANCE.
WHAT ABOUT SMARTS FINANCE?
Smarts Finance is a set of decentralized financial services made on simple-to-use technologies with collective user management and control.
The smart technology structure is portrayed in such a way that it allows for adaptability to different components and well scripted contracts to ensure security and safety of available products.
The value of smart are mainly security and transparency with an aim to perform in the most secured manner. The products of smarts include staking, lending, farming, mining and governance and its vision is to continually create new products and favourable circumstances that will be of great importance to users.
HOW DOES SMAT TECHNOLOGY INTEND TO SOLVE THE PROBLEM OF THE CURRENT DECENTRALIZED SYSTEM?
Smart finance is not necessarily planned to give an outright solution to the problems of poor accountability and documentation of projects which allows investors to fall prey to shady systems and whose initial motive is to rip investors, unsustainable reward mechanism that can have negative influences on participants investments, little to no allowance for proper governance to ascertain true decentralization as a result of poorly organized structures.
Instead the project will take on an operating system that addresses the issues right from the root through open and transparent governance, sustainable and profitable rewards mechanism, proper documentation and accountability that will eradicate the need for trust.
Participants activities in the ecosystem are basically mechanized with the use of native platform virtual governance token "SMAT" to examine ecosystem functions and dealings.
TOKENOMICS OF THE SMART FINANCE NETWORK.
Smat token is an Erc20 tradeable token built on the Etherum network, it will serve as the basis of value transfer and generation. In governance; to vote and create proposals and in reward distribution SMAT will serve as an incentive vehicle through which users are compensated for the interaction and contribution on the platform.
Below is the description of the SMAT token and a rundown of its allocation towards development.
Name - SMAT
Type: Erc20
Platform: Etherum
Total Supply: 550 000
Max Supply: 1 000 000
TOKEN ALLOCATION
45% of the total token is channelled to staking, mining, lending and governance.
25% for TGE
15% is locked in liquidity pool
10% is allocated to the smartsfinance team
5% reserved for marketing
CONCLUSION
Problems of poor accountability and documentation of projects which allows investors to fall prey to shady systems whose initial motive is to rip investors, unsustainable reward mechanism that can have negative influences on participants investments, little to no allowance for proper governance to ascertain true decentralization as a result of poorly organized structures are problems of the current decentralized system.
However with the introduction of SMART TECHNOLOGY, these problems will be addressed from the root and users will no longer have to worry about security and safety of products as the need for trust will be completely eradicated. Truly the importance of Decentralized finance system cannot be overemphasized.
USEFUL LINKS
Website : https://smarts.finance/
Twitter : https://twitter.com/Smarts_finance
Telegram : https://t.me/smartsfinance
Discord : https://discord.com/invite/rertF5a
Medium : https://medium.com/@smartsfinance
Youtube : http://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw
AUTHORS DETAILS:
Bitcointalk Username: Stonechris
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2661433;sa=summary
Proof of Aut: https://bitcointalk.org/index.php?topic=5290318.msg55932982#msg55932982