Smash Cash - A Community Based DeFi token That is Enabled on different Chain networks

in #smashcash3 years ago (edited)

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The digital Finance ecosystem has led the way to bring the most prominent mediums on the net, such as Bitcoin. This innovative spectrum has led to the elimination of Centralized systems to focus mainly on the community. In order to facilitate this idea, A Decentralized Mechanism was brought into the digital Finance spectrum to function as Decentralized Finance (DeFi).

Decentralized finance (DeFi) is simply a network by which financial assets are available on public Communitybased chain neteork. Which makes them open to any individual, rather than accessing through intermediaries such as brokerages/ banks.

Smash Cash platform is working towards the facilitation of the previously Iterated aspects of the DeFi economy. Over the course of the article, more functions of the medium and it's token details will be outlined

PLATFORM DETAILS

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Smash Cash is basically a new layer1 network which makes PublicChain Network user transactions to be fully anonymous and private on 10 different blockchains & for 15 Tokens. The Platform is also the 1st product in the digital world to develop anonymous & private transactions on MoonRiver, Fantom, Arbitrum Network, HECO chain, & HARMONY ONE.

The platform's smart contracts have also been audited by "eNEBULA", this audit was carried out to expose possible semantic inconsistencies between smart contract code & design document. There were no critical/ high security issues found relating to business logic, performance and security. This of course further affirms that the platform remains secure and highly protected from potential errors or hackers.

Smash Cash protocol actually Averts on-chain piece of the privacy. Users also must follow the best practices on their blog to achieve privacy. The smart contracts on the network are immutable, have no administrators, and the proofs are based on strong cryptography. Only the user possessing the note is able to link, deposit & withdraw.

SMASHCASH TOKEN DESCRIPTION

The token utilized on the Smash Cash ecosystem is denoted as "SMASH token". This token will be utilized to carry out various types of transactions while earning rewards. The reward distribution for every membership type (Silver, Gold Platinum) will be done Monthly (30 days).

The token can also be utilized on the Ecosystem to get rewards. Smash token investors need to carry out token staking on the platform, this involves pledging one's holding on the network for a specified lock up period as it supports and strengthens the security and operations of the network, the result of this is the generation of passive income for stakers.

TOKEN DISTRIBUTION

Public Sale - 10% (100,000,000 tokens)

ExchangeListing - 10% (100,000,000 tokens)

Marketing and Promotion - 27% (270,000,000 tokens)

Research And Development - 20% (200,000,000)

Staking based rewards - 20%

Team and Advisers - 10%

Liquidity - 25% (250,000,000 tokens)

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CONCLUSION
Smash Cash is really proving that it is restructuring the world of crypto currency. While initiating rewards for users, they will be granting top notch protection & anonymity. The project does not collect any user data. The UI (User Interface) is hosted In a Decentralized fashion on IPFS. The platform is currently innovating various partnership deals for the inevitable growth of the network.

USEFUL LINKS
Website: https://smashcash.io/
Whitepaper: https://smashcash.gitbook.io/whitepaper/
Telegram: https://t.me/smashcashio
Twitter: https://twitter.com/smashcashio
Medium: https://medium.com/@smashcash
Github: https://github.com/smashcash

wallet: 0x3531761f8aD9AD5ff8FB2c9658C7135c9a772a04

Proof of Authentication: https://bitcointalk.org/index.php?topic=5373364.msg58541411#msg58541411

AUTHORS DETAILS
Bitcointalk Username- Devotea
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2767689;sa=summary