Smoothy SMTYPrice $ 0.00166

SMTY Token Functionality

The native digital cryptographically-secured utility token of Smoothy (SMTY) is a transferable representation of attributed functions specified in the protocol/code of Smoothy, and which is designed to be used solely as an interoperable utility token on the network.

SMTY is a non-refundable functional utility token which will be used as the economic incentives which will be distributed to encourage users to contribute and maintain the ecosystem on Smoothy, thereby creating a win-win system where every participant is fairly compensated for its efforts. SMTY is an integral and indispensable part of Smoothy, because without SMTY, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Smoothy. Given that additional SMTY will be awarded to a user based only on its actual usage, activity and contribution on Smoothy, users of Smoothy and/or holders of SMTY which did not actively participate will not receive any SMTY incentives.

Smoothy is a novel solution for swapping assets that are effectiverly backed by the same underlying assets (e.g., stablecoins) with a single pool, comprising a set of interoperable protocol smart contracts deployed on the Ethereum-compatible blockchains, and offers:

• Simple and smooth swap
• Extremely low gas fee
• Flexibility to add/remove any tokens that backed by the same asset into the pool
• Better liquidity/lower slippage
• Better LP token incentives