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View ChartSmell Token (SML) is a cryptocurrency launched in 2023 that is designed to support the digital transformation of the fragrance industry. It aims to bridge the gap between digital assets and scent-related commerce by connecting blockchain technology with fragrance-themed products and experiences. The token operates primarily on the Polygon platform, with additional contract deployments documented on Ethereum and BNB Smart Chain. Smell Token functions as a utility asset within an ecosystem that includes the SMELL MAFIA marketplace, a platform dedicated to converting fragrance into NFTs and facilitating their sale. With a total and maximum supply of 12,000,000,000 SML, the project seeks to create a sustained use case for the token through real-world applications in the fragrance sector.
Smell Token's issuance and the Smell Mafia project are operated by ATIT. Specific individual founder names and team backgrounds are not detailed in the project's public materials; readers can consult the official whitepaper at https://www.smelltoken.com/whitepaper for updates.
SML is issued on Polygon, Ethereum and BNB Smart Chain. New tokens enter circulation through the project's own issuance rather than through mining. Within the ecosystem, the SMELL MAFIA marketplace handles the conversion of fragrance into NFTs and their sale, while the Scent Store platform hosts applications and games built around scent-based digital assets.
Smell Token distinguishes itself by targeting a niche intersection between blockchain technology and the fragrance industry. Unlike many general-purpose cryptocurrencies, SML is specifically designed to facilitate the digital transformation of scent-related products and commerce. Its integration with the SMELL MAFIA marketplace and the Scent Store platform provides concrete use cases, including NFT trading, merchandise purchases, dividend distribution, and B2B transactions. The token also offers holders early access to exclusive NFT sales and preferential rates on scent-based NFT devices. These benefits depend on the platforms remaining operational, and SML's market liquidity has been very thin, so holders may be unable to exit positions at expected prices. This focused approach positions Smell Token as a specialized asset within the broader NFT and art categories, aiming to create a collaborative ecosystem for fragrance industry participants while bridging digital and physical scent experiences.
Smell Token serves multiple functions within its ecosystem. It is primarily used for payments on the SMELL MAFIA platform, a marketplace for NFTs of scents. Holders can use SML to purchase merchandise and receive dividends as ownership rights holders on that marketplace. Certain token holders may also use it as a payment currency for rewards as participants in the SMELL MAFIA project. The token enables engagement with applications and games on the Scent Store platform, enhancing interactive experiences with fragrance-themed digital assets. Furthermore, SML can be used to purchase devices designed to work with scent-based NFTs at preferential rates and provides early access to exclusive NFT sales. It also facilitates business-to-business transactions within the fragrance digital platform, supporting operational efficiency and collaboration among industry participants.
The Smell Token ecosystem is centred around the SMELL MAFIA marketplace and the Scent Store platform, with a focus on expanding the utility of SML in fragrance-related digital commerce. SML/USDT is the primary spot pair, with SML/BTC, SML/ETH and SML/USDC also available; the token also has price pages on major data sites such as Coinbase, Crypto.com and LiveCoinWatch. Development efforts appear to be directed toward integrating scent-based NFTs, merchandise, and interactive applications, as well as fostering B2B transactions within the fragrance industry. The ecosystem also includes community elements such as holder sections and social channels. Official channels include Discord (https://discord.com/invite/h9uZ4CN5pg), Telegram (https://t.me/smelltoken) and X/Twitter (https://twitter.com/smelltoken). According to Ethplorer, the Ethereum contract has recorded 1,968 transactions and 1,043 holders. As the project continues to evolve, its growth will likely depend on adoption of its marketplace and the expansion of its fragrance-themed digital product offerings.
SML is a token on Polygon, Ethereum and BNB Smart Chain rather than a mineable coin: there is no proof-of-work issuance, and new SML is not created by mining. Tokens enter circulation through the project's own issuance and are obtained by trading on supported venues or by participating in the SMELL MAFIA and Scent Store ecosystems.
Keeping Smell Token safe requires standard cryptocurrency security practices. Since SML exists on multiple blockchains, including Polygon, Ethereum, and BNB Smart Chain, users should ensure they are using compatible wallets that support the specific network on which their tokens reside. Hardware wallets provide enhanced protection against online threats, while software wallets should be kept updated and secured with strong, unique passwords. Enabling two-factor authentication on any associated exchange accounts is recommended. Users should verify contract addresses carefully before conducting transactions, as multiple addresses exist across different networks. Avoiding suspicious links, conducting thorough research before interacting with unfamiliar platforms, and maintaining backups of wallet recovery phrases in secure offline locations are essential steps. As with all digital assets, SML carries risks and volatilities, and potential investors should consider their risk tolerance and conduct comprehensive research before engaging with the token.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for SML are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Smell Token (SML) is C$0.000624. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated SML to USD rate at the top of BTCC’s price page. In terms of market scope, Smell Token records a 24h trading volume of C$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$0. Its current circulating supply stands at -- out of a maximum supply cap of 12B.
The price volatility of Smell Token (SML) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (12B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Smell Token (SML) hit an all-time high (ATH) of C$39.613572 on 2023-06-15 19:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.000018 on 2023-06-19 19:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading SML futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s SMLUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Smell Token, simply log into your BTCC account with USDT margin available, navigate to the SMLUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for SMLUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.000624), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for SMLUSDT with zero financial risk.
Trading Smell Token (SML) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for SMLUSDT, and review its live price (C$0.000624) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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