SmartBCH was doing quite well until a series of events led to it's slowing. The following events are the main culprits of the slowed progress of smartbch.

• CoinFlex becomes insolvent

• CoinFlex claims Roger Vet owes them $47 million

• Roger Ver denies owing CoinFlex and claims the other party rather owes him substantial money

• CoinFlex announces it will withhold the smartbch treasury till further notice

• CoinFlex declares it might take up to 12 months to solve the insolvency issue

• CoinFlex threatens to liquidate $ 10 million smartbch treasury to comply with their clients ToS

• CoinFlex resumes withdrawals without liquidating smartbch treasury

The emergency BOLiVAR Bridge

For a month now the smartbch bridge has been halted by CoinFlex after announcing smartbch's treasury will be halted till further notice.

Smartbch had to come up with something to prevent stagnation and even worse a collapse. The BOLiVAR Bridge was developed to offer emergency liquidity to anyone who is moving in OR out the smartbch ecosystem. This bridge is basically serving as backbone foe the time being.

The BOLiVAR Bridge

"Locked" assets:59.139BNB

$BNB price: $260

Bridge assets value: $15,300

CoinFlex treasury

Bridge "locked" assets: 101,382.300 BCH

BCH price: $118.6

Bridge assets value: $12,022,927