✔️Token lifecycle management

The SMAT token works as a key tool of the SMAT ecosystem. It will allow the decision making of the future development (SMAT DAO), the management of the reward system and the key base asset to interact with the DeFi protocol.

SMAT’s profit is primarily generated by the fees resulting from the transactions performed on the platform.

20% of this profit will be used to buy back tokens from the market.

50% of this buy back will be burned.

This process will be followed until 50% of the tokens will be bought back; In the end, only 277,777,778 tokens will remain. All buyback transactions will be announced on the blockchain.

Therefore, the SMAT token’s algorithm contains a buyback and burn mechanism. The purpose of this mechanism is to reduce the volume of SMAT tokens available for sale on the marketplace. This system will progressively increase SMAT token’s scarcity, in turn leading to an increase in price of the tokens. So, even if you leave your tokens untouched in your wallet, the value of your SMAT tokens should mechanically appreciate over time.

Additionally, token holders who provide liquidity to our ecosystem by placing their tokens in liquidity pools will be rewarded by the protocol.

SMAT will also offer staking solutions destined to both institutional and retail investors in order to give them an exposure to our project and reward them on a Proof Of Stake (POS) basis for contributing to our ecosystem’s healthy functioning.