Smoothy PriceSMTYInactive

What is Smoothy (SMTY)?

Smoothy (SMTY) is the governance token of Smoothy.finance, a decentralized finance (DeFi) platform built around a novel single-pool liquidity protocol designed specifically for same-backed assets. The protocol enables low-cost, zero-slippage swapping and aims to maximize interest earnings for users. At its core, Smoothy facilitates seamless swapping, depositing, withdrawing, and farming of various digital assets. A standout feature is its basket mechanism, which allows users to manage multiple swaps without incurring price impacts, enhancing both efficiency and cost-effectiveness. SMTY plays a central role in the ecosystem by enabling decentralized governance and providing liquidity incentives. The token has a total supply of 100,000,000 SMTY, with 18 decimal places. Smoothy launched in 2020 on BNB Smart Chain (BEP20). The token sale ran in April 2021 and concluded on April 22, 2021, raising approximately $1,020,000 at a price of $0.5000 per SMTY. Across three completed funding rounds (ICO, token launch and one more), the project raised a total of about $3.4M, per ICODrops.

Key Specifications & Tokenomics

• Name: Smoothy
• Ticker / Symbol: SMTY
• Blockchain / Platform: BNB Smart Chain (BEP20)
• Token Standard: BEP20
• Decimal Places: 18
• Smart Contract Address: 0xbF776e4FCa664D791C4Ee3A71e2722990E003283
• Total Supply: 100,000,000 SMTY
• Max Supply: 100,000,000 SMTY
• Circulating Supply: 5.08M SMTY
• Token Utility: Governance and asset liquidity incentives
• Category / Tags: DeFi, DAO Maker, BNB Chain Ecosystem, DEX
• Official Website: smoothy.finance
• Explorer: bscscan.com
• Audits: The protocol smart contracts have been audited by PeckShield and SlowMist.
• ICO Price: $0.5000 per SMTY
• ICO Raised: Approximately $1,020,000
• Launch Date: 2020-09-01 (per CoinMarketCap registry)
• CoinMarketCap Listing Date: 2021-04-28
• Funding: About $3.4M raised across three completed rounds — ICO, token launch and one more (per ICODrops)

Who created Smoothy (SMTY)?

Smoothy's core development and governance are driven by the community through the SMTY governance token; team and management information is tracked on TokenInsight and CB Insights. The project launched in 2020 on BNB Smart Chain (BEP20). The token sale ran in April 2021 and concluded on April 22, 2021, raising approximately $1,020,000 at an ICO price of $0.5000 per SMTY. Across three completed funding rounds (ICO, token launch and one more), the project raised a total of about $3.4M, per ICODrops. Smoothy maintains community channels on Telegram (t.me/Smoothy_finance) and Twitter (twitter.com/smoothswap). Smoothy is tagged as DeFi, DAO Maker and BNB Chain Ecosystem on CoinMarketCap.

How does Smoothy (SMTY) work?

Smoothy operates on a blockchain that supports a single-pool liquidity protocol, enabling efficient and cost-effective swapping of stablecoins and other same-backed assets. The single pool aggregates 20+ stablecoins — such as USDT, USDC and DAI — so that swaps between same-backed assets incur near-zero slippage. This approach allows users to exchange assets with minimal slippage and reduced transaction costs, making it a preferred choice for those engaged in stablecoin trading. The blockchain technology underpinning Smoothy is designed to ensure security and resilience against potential threats. It employs a decentralized network of nodes that validate transactions through consensus mechanisms, which are crucial in preventing attacks from malicious actors. By requiring multiple nodes to agree on the validity of transactions, the blockchain maintains its integrity and prevents double-spending or fraudulent activities. The protocol's basket mechanism allows users to manage multiple swaps without incurring price impacts. Each basket share represents a claim on the pooled same-backed assets, and its virtual price reflects the pool's accumulated value. The SMTY token serves as the governance token, empowering holders to participate in decentralized governance and influence future project decisions.

What makes Smoothy (SMTY) unique and valuable?

Smoothy distinguishes itself in the DeFi landscape through its specialized single-pool liquidity protocol tailored for same-backed assets. Unlike traditional automated market makers that may expose users to slippage and impermanent loss, Smoothy's design offers low-cost, zero-slippage swapping and maximum interest earning. The basket mechanism is a key differentiator, allowing users to manage multiple swaps without incurring price impacts, which enhances capital efficiency and cost-effectiveness. The platform supports swapping, depositing, withdrawing, and farming of various digital assets, providing a comprehensive suite of DeFi functionalities. The protocol smart contracts have been audited by PeckShield and SlowMist. The governance model empowers SMTY holders to participate in decentralized decision-making, ensuring the platform evolves in line with community interests. Smoothy maintains community channels on Telegram (t.me/Smoothy_finance) and Twitter (twitter.com/smoothswap), which supports its community-driven approach and transparency.

What is Smoothy (SMTY) used for?

SMTY is the governance token of Smoothy.finance, primarily used for decentralized governance of future projects and asset liquidity incentives. Holders of SMTY can participate in governance decisions that shape the platform's development and strategic direction. The token also serves as a means to incentivize liquidity provision within the ecosystem. Beyond governance, Smoothy facilitates a range of DeFi activities including swapping, depositing, withdrawing, and farming of various digital assets. The platform's single-pool liquidity protocol is designed for same-backed assets, offering low-cost, zero-slippage swaps and maximizing interest earnings. Users can add Smoothy (SMTY) to MetaMask to view token holdings, trade on decentralized exchanges, and more. SMTY trades as the SMTY-USDT pair on AscendEX, and price tracking is available on CoinMarketCap, CoinGecko and CoinDesk. The token plays a pivotal role in enabling community-driven decision-making and ensuring the platform remains responsive to user needs.

How Is the Smoothy (SMTY) ecosystem developing?

Smoothy maintains community channels on Telegram (t.me/Smoothy_finance) and Twitter (twitter.com/smoothswap), fostering community engagement and transparency. The platform continues to evolve to meet the needs of its users, with a focus on decentralized governance and liquidity incentives. The ecosystem supports a range of DeFi functionalities such as swapping, depositing, withdrawing, and farming of digital assets. The basket mechanism and single-pool liquidity protocol are central to its value proposition, allowing users to manage multiple swaps without price impacts. The protocol smart contracts have been audited by PeckShield and SlowMist. On-chain data from Binplorer shows 23,590 transactions and 3,807 holders for the BEP20 contract. The project has been listed on various data aggregators and platforms, including CoinMarketCap, CoinGecko, and others, providing visibility and accessibility to users. The community badge available on CoinMarketCap further encourages user participation and engagement within the ecosystem.

How to mine Smoothy (SMTY)?

SMTY is not mined. It is a fixed-supply utility and governance token (total supply 100,000,000) distributed as economic incentives to users who contribute liquidity and maintain the Smoothy ecosystem; holders can also acquire it on the open market. The platform supports swapping, depositing, withdrawing, and farming of various digital assets, which may offer opportunities to earn SMTY or other rewards. Additionally, SMTY may be available for trading on various cryptocurrency exchanges and decentralized platforms. It is important to conduct thorough research and understand the risks associated with DeFi participation before engaging with any protocol. The token's utility in governance and liquidity incentives aligns with the platform's community-driven approach.

How to keep your Smoothy (SMTY) Coin safe?

Keeping your SMTY tokens safe requires adherence to best practices in cryptocurrency security. SMTY is issued on BNB Smart Chain (BEP20) at contract 0xbF776e4FCa664D791C4Ee3A71e2722990E003283; the same address is also listed on Ethereum explorers. Users should ensure they are using compatible wallets, such as MetaMask, which supports adding SMTY as a custom token. Always verify the official smart contract address before interacting with the token. Store your tokens in a secure wallet, preferably a hardware wallet for large holdings, and never share your private keys or seed phrases with anyone. Be cautious of phishing attempts and only interact with official Smoothy platforms and verified links. Conduct proper research and choose reputable platforms for trading. Regularly monitor your holdings and stay informed about security updates from the Smoothy community. Remember that investing in crypto-assets carries significant market risk, including extreme volatility and the potential loss of your entire capital.