1 SMT = ¥0.2699 Chinese Yuan 1 CNY Chinese Yuan = 3.71 SMT
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View ChartSwarm Markets (SMT) is the native utility and governance token powering the Swarm Markets protocol, a leading institutional-grade decentralized finance (DeFi) platform for trading tokenized real-world assets (RWAs) and cryptocurrencies.
Key takeaways
Swarm Markets is a decentralized finance protocol designed to bring institutional-grade liquidity and compliance to the trading of tokenized real-world assets. The SMT token is central to its ecosystem, facilitating governance, security, and utility.
| Item | Details |
|---|---|
| Name (Ticker) | Swarm Markets (SMT) |
| Alternative Names | SMT Token |
| Consensus Mechanism | Proof-of-Stake (via staking on Ethereum/Polygon) |
| Smart Contracts | Yes (Ethereum & Polygon) |
| Category | DeFi, Real-World Assets (RWA), Governance |
| Hash Algorithm | N/A (ERC-20 / Polygon POS token) |
| Block Reward | N/A |
| Max Supply | 100,000,000 SMT |
| TPS | Dependent on underlying blockchain (Ethereum/Polygon) |
| Scaling Solution | Layer 2 (Polygon) |
| Blockchain | Ethereum, Polygon |
Swarm Markets was founded by a team with deep expertise in both traditional finance and blockchain technology. The project is led by co-founders Timo Lehes and Philipp Pieper. Lehes brings experience from the hedge fund world, while Pieper has a background in fintech and venture capital. The team's core mission is to solve the liquidity and regulatory challenges associated with bringing real-world assets on-chain. The protocol is developed and governed by Swarm Markets GmbH, a German-licensed financial services institution, ensuring it operates within a clear regulatory framework. This combination of financial acumen, technical skill, and regulatory compliance positions Swarm Markets uniquely in the DeFi and RWA space.
The Swarm Markets protocol functions as a decentralized exchange (DEX) and liquidity pool specifically engineered for compliance and institutional use. It operates on a hybrid model, combining decentralized technology with regulatory guardrails.
Permissioned and Permissionless Pools: The platform features both permissionless pools for crypto assets and permissioned pools for regulated securities and RWAs. Access to permissioned pools requires identity verification (KYC), creating a compliant trading environment.
Automated Market Maker (AMM) & Order Book: It utilizes an AMM model for liquidity provision, allowing users to earn fees by depositing assets into pools. Simultaneously, it supports an off-chain order book for more complex trading strategies, merging DeFi and traditional exchange mechanics.
SMT Token Utility: The SMT token is integrated throughout:
Swarm Markets stands out by directly addressing the major barriers to institutional adoption of DeFi: compliance, security, and product complexity.
The SMT token has several core use cases within the Swarm Markets ecosystem, driving both utility and value accrual.
SMT is a cryptocurrency available on several exchanges. For a secure and liquid trading experience, we recommend using a major platform like BTCC.
To minimize costs, traders should look for ""Maker/Taker"" fees.
BTCC - Stands out as one of the lowest-fee exchanges in the industry, particularly for derivatives. Futures trading fees can be as low as 0.01%, making it a preferred choice for high-frequency or high-volume traders who want to preserve their capital."
Buying SMT with CNY is supported by most major, regulated exchanges. The best platform depends on your deposit method:
BTCC- A reliable veteran exchange (operating since 2011) where you can easily deposit fiat currency via credit cards or bank transfers to buy USDT. Once your account is funded, you can instantly swap for SMT/USDT pairs.
To quickly convert SMT to CNY, you need a platform that offers “instant exchange” or “one-click sell” features.
The cryptocurrency calculator and exchange tool on BTCC provides instant valuations for exchanging SMT for CNY.
To help users understand the “real-world” value of Swarm Markets, BTCC allows you to compare your SMT balance to everyday items such as a monthly salary, an iPhone, or a barrel of crude oil. For new investors assessing their purchasing power, this contextual data is extremely valuable."
Trading SMT/CNY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit CNY or SMT into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the SMT/CNY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you believe the price will rise, place a buy order.
To Sell (Go Short): If you believe the price will fall, you can open a short position (available in derivatives trading like futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Center
Yes, absolutely. BTCC supports multiple ways to gain exposure to Swarm Markets(SMT) using CNY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Swarm Markets directly.
Trade on the Spot Market: Deposit CNY and place a buy order on the SMT/CNY spot trading pair using market or limit orders, taking direct ownership of the SMT.
Trade SMT/CNY Futures: For more advanced strategies, you can trade SMT/CNY perpetual or dated futures contracts. This allows you to speculate on Swarm Markets's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your SMT to CNY conversion on BTCC:
Access your account by signing in, or create a new BTCC account if needed.
Go to the trading interface and select the SMT/CNY trading pair.
Input the specific amount of Swarm Markets you wish to sell.
Verify the displayed exchange rate and your final CNY total.
Confirm and finalize the sell transaction.
Following these steps, your CNY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the "Crypto Converter" section on our website or within the app.
Type the amount of SMT you want to convert into the first field.
The equivalent value in CNY will be instantly calculated and displayed in the second field, using the latest live market rate.
The SMT/CNY exchange rate is the current market price at which 1 Swarm Markets(SMT) can be exchanged for CNY. In simpler terms, it tells you how many CNY one Swarm Markets is worth at any given moment.
Currently, one Swarm Markets is ¥0.2699. The price of 1 Swarm Markets(SMT) in CNY is constantly changing due to the 24/7 nature of the global cryptocurrency market. To get the live, real-time price, please check the market data section at the top of our platform or visit our dedicated SMT to CNY converter.