SMARTS FINANCE ANALYSIS
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 with 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.
They project to improve on the negative sides of Defi by removing the need to trust. They intend to work on the existing products with different dynamics in order to enhance the growth and stability of the Defi.
They have an experienced dedicated team that have done research within the Defi ecosystem to discover its limitations and proffer solutions aimed at solving them. Smarts plans to consolidate on existing Defi like - Lending, staking, governance, mining, yield farming etc, to introduce an unprecedented improved and sustainable platform.
Smarts, has some features that distinguish it from other Exchange platforms. Such as;
◾ Liquidity mining with high interest and sustainability.
◾ Good incentives for both lenders and borrowers.
◾ Distribution of gas fees to reduce cost of transactions by Liquidity pooling function.
◾ Reward of SWAT and additional liquidity mining and governance token for a single LP token.
◾ Optimising liquidity routing to the latest farming strategy
Good staking features.
INTRODUCTION
SMARTS is a decentralised financial system that is structured on using mechanised flexible technology to control the activities and interaction of the management and users is the ecosystem.
It uses a native (SMAT) token to control and oversee the governance and decisions. SMAT is an Etherum standard token and will be traded on centralised and decentralised exchanges.
Smarts has projected the supply of 1,000,000 SMAT tokens which will be distributed 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 adviser.
◾ 9% for the management team.
◾ 12% for fundraising, hiring and project development.
GOVERNANCE
The founders of Smarts will perform the initial governance of the platform in order to implement the basic features of the project, after which the governance will be transferred to the community gradually to effect decentralisation of the system.
Holders of SMAT have the right to vote for change of a proposal in the system. However, certain criteria will be met in order to vote to effect such change. Such as having a high reputation and having the minimum required token voting strength.
Locking of SMAT tokens earns more voting powers to the holders, the longer the locking period, the more tokens earned.
Thus, holders of SMAT can also take part in the following governance functions;
Proposing the listing of new tokens.
Proposing contract terms.
Assigning new administration candidates.
Change of market or service interest rate.
Redefining structure reward and distribution.
SMARTS STAKING
Smarts allow free staking of SMAT and other established and ERC20 tokens. The yield of the staking and locking of tokens will be determined by parameters before the staking dashboard goes live.
Staking rewards will take 20% of the earnings in the reward pool and will be distributed to the participants in the pool, 50% of which will be allotted to SMAT staking and 12.5% to additional tokens.
SMAT staking is strategized into 2 pools to enhance better reward to the participants.
The first pool will be rewarded 27% of SMAT staking incentives and the second pool will take 23%. These rewards will be released when it goes live. The pools will be accessed on a first come first serve basis.
The other pool staking model will have a staking reward proportionate distribution among stakers according to individual contribution in the pool.
The staking of SMAT is separated into varied periods and the reward of the staking depends on staking period (the longer the higher reward). The staking period are as follows ;
◾ 7day staking period
◾ 14day staking period
◾ 30day staking period
◾ 3months staking period
◾ 6months staking period
MINING LIQUIDITY
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
Smarts has a unique lending process that gives its users the access to financial services in addition with institutions right on decentralised blockchain technology. They allow lending and borrowing on the native platform and also outside the platform.
It adopts a non-custodial process of lending that makes it easy for users to borrow and lend. Suppliers earn income from the asset they provided to the Liquidity pool. This provides constant supply of assets to the pool and eradicates wasting of time and matching problems. The rate of interest earned by the suppliers depends on the demand and supply condition of the market. Ordinarily, the market forces of demand and supply affects the interest rate of borrowing and discourages borrowers. Both borrowers and lenders receive incentives in SMAT tokens and also receive a portion of the distribution of the reward from the pool.
RISK
The user undertakes that there will be risks associated with purchase, holding and trading SMAT tokens.
The white paper is for information purposes and is not advice for investment.
SMARTS Finance dissociate itself from any liability for any direct or indirect loss or damages of any kind arising from investing in SMAT. Thus, the company may not be liable.
Useful Links
Website: https://smarts.finance/
Telegram: https://t.me/smartsfinance
Twitter: https://twitter.com/Smarts_finance
Whitepaper: https://smarts.finance/assets/documents/WhitePaper.pdf
Discord: https://discord.com/invite/rertF5a
YouTube: http://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw
Medium:https://medium.com/@smartsfinance
Writers Links
Bitcointalk Username: Borderescape
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768312
Proof of Authentication:
https://bitcointalk.org/index.php?topic=5290318.msg55931633#msg55931633