SmartBCH the next big Defi sidechain in making
03-03-2022
Recently last time I've pointed out things I've noticed since the beginning which will brag smart BCH towards it's end and now I'm going to share what i feel truly about Smart BCH have potential to be the next huge DeFi sidechain
For now the DeFi is under Ethereum and we all know BCH>SmartBCH can do everything better than Ethereum doing at the time
Comparing whole DeFi vs the TVL of Smart BCH + BCH with top 100 cryptocurrencies we all know Smart BCH have more potential in DeFi space and thing's which will lead us towards the next big sidechain of DeFi according to my perspective is what I'm going to talk.
Comparing DeFi existence with Smart BCH
The beginning of DeFi era was started 4 years back from now and after 4 years DeFi is at it's best and peak and if we compare it with Smart BCH and DeFi existence than we can have an idea how long will it take to reach out the best
In 2018 DeFi TVL was just $40,000 which is nothing and I'm saying this on basis of what DeFi Llama is showing
And after 15 months DeFi TVL crossed $1b and it took more than 1 year and also at that time crypto was not what it's like today but it still took more than year to reach $1B TVL for whole DeFi and than after 4 years DeFi TVL is more than $227B which is a huge success
And now compare DeFi with Smart BCH
It's been now 7 complete months since Smart BCH came out and in this time period TVL reached to $35m and since it came out there was already 100s of different chains well known in DeFi and take Ethereum which have benefit of being one of the oldest chain in DeFi it makes clearly sense why it has most TVL
And in just 7months Smart BCH being surrounded with Tons of other sidechain which are more famous and hyped meanwhile seeing BCH it is continuously losing it's ground since smart BCH came out and it's obviously not a coincidence but let me remind in 2018 smart BCH crashed and previous year it surpassed $1000 mark and was in top 10 crypto currency which is now in top 25 after Smart BCH
So we're surrounded with many things which is effecting our growth but lot's of development on going which will change each and everything in next 7 months from now.
Every chain have a reason behind it's success
We all see other chains are famous while Smart BCH isn't and what's making them famous or successful I've noticed so far is each chain have it's own reason behind it's success
Let's take polygon and than Smart BCH, so polygon is famous because of it's "Gamefi" there are so many Gamefi or metaverse based project which makes polygon successful
Take BSC because of it's hype and binance most poplar Cex advantage and ETH was old and many things being developed under it.
And now take smart BCH do we have any reason which make Smart BCH popular and successful chain?
Yea, i know you'll say smart BCH doesn't cost much fee's and this is now too common because polygon doesn't cost much fee's as well so smart BCH so far doesn't have any reason to become popular and successful.
But deep down I've some ideas which will make smart BCH the next big Defi sidechain.
Real time development on Smart BCH
Currently smart BCH is centeralised and Sha gate will make it decentralised so until Smart BCH become decentralised we cannot do so many things openly except building it now
Exactly in these 7months we don't have a single project with real development
All are money grabbing projects and useless except lawpunk and we need tons of more lawpunk type projects in Smart BCH before the decentralised bridge
Lack of creativite ideas and Dev
So far what I've seen in Smart BCH is clone and making more clones all the time and i don't think this is good or beneficial for the eco system
Take NFTs and sep20 most of are already clone and exist in other chains
I don't see any creativity and some Devs who can build something original which make peoples move into Smart BCH
From Dex to reflection token to NFTs are 98% clone or fork from other chains
And i believe one original big project will be enough to take Smart BCH to the next level
Just like we've BlockNg it's original and big project only thing which will make it's image bad to other chains and outsider is lawpunk which isn't original (not all) but obviously not 100% original.
But the fact and thing matter is they're standing on feat because of eco system working for each and other things together to make it more successful everyday and those are the Dex we need more in smart BCH.
Gamefi on Smart BCH
One Gamefi project on Smart BCH more likely (pegaxy, Axie infinity) means a big Gamefi project is much needed to bring Lots of traffic into Smart BCH
And pandaland is currently the first Gamefi project being developed which have potential to bring tons of peoples into SmartBCH
A Gamefi is now most hyped thing and polygon is famous or successful because of it now Smart BCH can become next Gamefi palace
Now we need more than just a Gamefi, other games on Chains will allow peoples to play and earn but Smart BCH should provide them more than that
Like how pandaland is doing currently, it's is making a whole ecosystem like lawpunks so peoples will have more than opportunity which will make it original and different than other Gamefi.
Proper marketing for Smart BCH
Success depends on marketing and presentation to the rest of world and when we talk about BCH or Smart BCH whole world goes against us and theirs a reason behind this
But proper marketing for Smart BCH is must needed but now at the moment because it's centralised and outsiders always say BCH is Centralised so it's like taking arrow before decentralisation
But proper marketing means everything work for betterment of Smart BCH
Like whenever a project launch that should be something legit and doing marketing promotions of Smart BCH through each project
I've never seen anything related to Smart BCH on big platforms and we don't have any big YouTube celebrity not talking about roger or kim
I'm saying other YouTube celebrity which can differentiate Smart BCH with other chains and some other ways as well, I'll explain this in new topic sometimes later.
Stop BTC Vs BCH war
This war is effecting and destroying BCH already since the beginning and this will effect Smart BCH as well
Everytime when outsiders hear word "BCH" and "SmartBCH" they start calling it scam and failed etc
Bitcoiners abuse BCHers when one of them claim BTC is BCH and hence this make it worse and even worse so we should get out of this war before it hit Smart BCH.
Anyways this is what i was to share for now, I'm seeing our days will come very soon and Smart BCH is the next DeFi big sidechain in the making
I'm not worried at all about BCH price as long as I'm in Smart BCH until those peoples who are continuously hurting the chain making scams projects just to grab money
Quite more than 60% portfolio gone in less than 30 days because of some reasons and trying to recover it back ASAP.
And every chain attracts it's investors when something is built on it and it's not hyped yet but when it will be hyped things will be in our favour.
Well I'm off to recover my losses ain't thing i can make it before TVL of Smart BCH jumps 2x so bring some more money.
So we don't need coinflex bridge then. TVL feature still unclear to me. Btw waiting for launch time