The SMAT Token
The SMAT token will be the backbone of the entire SMAT ecosystem. It will facilitate the smooth running of all parts of the SMAT platform by serving as its governance and native currency.
The SMAT token will be built as an asset token on the Polygon Blockchain. It means that the system will use it to represent an investor’s stake in the ecosystem, as a currency in exchange for digital assets, or be traded like other digital assets to make a profit.
The SMAT token will be created using the ERC-20 standard, allowing it to interact with all other tokens on this protocol. Additionally, SMAT token will be transferable using Polygon mainnet wallet addresses. The total number of SMAT tokens to be minted is capped at 555,555,555. However, SMAT token’s circulating supply will progressively decrease due to a continuous buyback and burn mechanism.
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