What is SmartFi? Recent News, Fundraising and Token
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Key Takeaways
- SmartFi is an open-finance platform for cryptocurrencies, enabling users to earn, trade, and borrow digital assets, as detailed on its official website.
- The platform features the SMTF token, which includes a 100% buy-back guarantee and is indexed to the value of SmartFi loans, according to CryptoSlate.
- SmartFi has partnerships and integrations, such as becoming the official cryptocurrency platform of Monster Energy AMA Supercross in 2022.
What is SmartFi?
SmartFi is an open-finance platform for cryptocurrencies where users can earn, trade, and borrow digital assets, and it serves as the home for the unique SMTF token community, as stated on the official SmartFi website (smartfi.com).
How Does SmartFi Work?
SmartFi operates as a global digital currency exchange offering cryptocurrency trading, advanced tools, and staking options for both beginners and experts, according to Forbes Crypto Market Data. The platform provides easy-to-use financial tools to earn, trade, and lend crypto, with content shared on its Medium page.
Users can engage in decentralized and centralized cryptocurrency services, including lending and borrowing, supported by its regulatory-compliant model launched by Power Block Coin LLC, as per Financial IT news release.
What Makes SmartFi Unique?
- It offers a 100% buy-back guarantee for its SMTF token, ensuring holders can redeem at their original purchase price, as described on CryptoSlate.
- The platform indexes the SMTF token to the value of SmartFi loans, providing a speculative price increase mechanism, according to CryptoSlate.
- SmartFi has unique partnerships, such as being the first official cryptocurrency platform for Monster Energy AMA Supercross, enabling crypto integrations in sports, per Supercrosslive.com.
SmartFi Native Token
The SMTF token is the native token of SmartFi, designed with a unique financial model that includes a 100% buy-back guarantee for safety and indexes its value to SmartFi loans for potential price appreciation, as explained on CryptoSlate. It supports the platform's community and is used in earning, trading, and borrowing activities, with live pricing tracked on CoinMarketCap.
TGE Information
SmartFi launched its SMTF token in July 2021 following the completion of over $1 billion in cryptocurrency transactions by Power Block Coin LLC, as announced in a Financial IT news release. The token sale was completed, and the platform transitioned to its SmartCycle monetary protocol by January 2023, according to a Medium post from SmartFi.
Recent News & Fundraising
- In January 2022, SmartFi became the official cryptocurrency platform of Monster Energy AMA Supercross through a first-of-its-kind partnership, as reported on Supercrosslive.com.
- SmartFi completed its token sale and shifted to the SmartCycle protocol in January 2023, resisting crypto market corrections, per a Medium article.
- The platform announced developments like the first mineable stablecoin and a payment system without transaction fees in July 2021, according to EZCrypto.co.in.