02-03-2022

Smart BCH kingdom? Ever heard this before well how can you even hear when theirs no kingdom yet but I'm getting vibes that this Kingdom will end before it's establishment

The downfall isn't too far because of noticing much red flags leading Smart BCH to it's end

You can be die hard fan of Smart BCH and don't even want to listen the truth but I'm gonna spit the facts which will lead us to where we can't see the rise again.

DeFi is huge and it will stay here for so long but the thing matter is will Smart BCH going to survive and lead in this DeFi space.

More than 100 billion $ is traveling in the DeFi at the moment and from each chain to other and chains are continuously increasing and Smart BCH is one of them.

Though only 1 drop of whole DeFi will be enough for Smart BCH but is it really worth for it or have enough potential for it?

Will continue discussing this because that's the topic for today's.

Total value locked in Smart BCH vs whole DeFi

TVL isn't the only thing which attracts peoples but it's a part of it where peoples decide and make their opinions about chain

And because smart BCH isn't that huge and old it's TVL is underrated at the moment

Currently TVL is nearly 105k BCH in Smart BCH and slightly decline in past few weeks saw a downfall from it's ATH 120k Smart BCH has lost 15k BCH.

Anyways seeing only 105k in TVL it's too less as the whole supply of BCH is 21million but if we compare it with the rest of DeFi it ain't even make sense

Meanwhile the whole DeFi is nearly $231b which is just a lot and even if each top 100 chains carry 1 billion $ than Smart BCH will explode like crazy from current position

But I'm again questioning why would this happen? Why someone will take this much money into a chain where's currently not much development.

Yea it's true and I'm saying this on a basis of these things.

• SmartBCH is nothing more than a printing machine

• Peoples developing projects in Smart BCH for their own benefits

• On going scams everyday

• No project exists with the real development

In the rest of topic I'll explain why these few things is causing trouble for whole Smart BCH ecosystem and it's possible to lead towards the downfall before the establishment of it's kingdom.

SmartBCH is nothing more than a printing machine

It's true and you cannot deny the fact which is effecting the whole ecosystem at the moment and we've already started experiencing impact of it.

SmartBCH is nothing more than printing machine printing more and more money for the richer peoples and those are rugging the one doing more efforts everyday

If you don't know what are these printing machines than theirs only "8" printing machines at the moment.

These are working as a printer for the richer one's and 8 dex on Smart BCH which isn't huge and already effecting the ecosystem because money is going in the wrong hands.

Impact of dex and money moving into the wrong pockets

Dex in Smart BCH is popular because of it's Aprs and after 8th dex till now theirs no real development besides working as a printer

And these farms or pools are the printer I'm talking about but not only working as a printer the effect or thing which is bad for the eco system is money moving into wrong pockets.

Peoples farm or stake with every dex launch and it's high Apr took investors attention and so called whale's in Smart BCH is kinda worst who's stealing money and doing nothing except watching drama

So peoples with more money farm and print more money than dump on the real investors in Smart BCH

That's one of the many issues which is having a bad impact on Smart BCH and will lead to a downfall sooner or later.

Peoples developing projects for their own benefits

Till now it's been more than half year since Smart BCH came into existence and from the very beginning projects are increasing and increasing everyday but no real development which will be beneficial for the eco system except for the own benefits

There's only 2% of projects with real development and potential rest of 98% are for their own benefits

Some Devs are making "Meme" projects some are making tokens with faking use case and roadmaps, some are taxing in the name of reflection token and some looting in the name of charity and much more going in the background

No project with the real use case exist

Take CLY it's anti dump technology which is more than 100% down since last month and 100% Apy mean print more money and dump on real investors nothing else

Every dex token is use less till date, most of the token exist having one thing which is a farm on dex and the project owner is the one taking advantage by farming his token and dumping on us than the rest of farmers keep hustling to recover impermanent losses.

Only few tokens 2% of total projects in Smart BCH are with real use case and on top it's law and take Cat, joystick, BCHpad that's it i don't see any other projects on Smart BCH with real usecase.

NFTs effecting Smart BCH

The another thing which is digging Smart BCH grave is "NFTs" since the beginning this whole thing is overrated except the lawpunks because that's more than just jpeg

The 98% of NFTs projects in Smart BCH are effecting it badly and they're just money grabber nothing more

Tons of NFTs collection already and I've counted which shocked me to because seeing 44 different NFTs collection and if each collection has 10k NFTs than it's 40k or more NFTs in Smart BCH

Meanwhile we only have less than 2000 peoples in smart BCH and literally NFTs projects are just another example of scam

I repeat money moving into wrong hands will be the downfall of Smart BCH and this is already happening

• Whales stealing money by farming and dumping on real investors

• NFTs projects stealing money with every new mint

These two are solid reasons to remove the name Smart BCH from it's existence because these whales are hurting real investors who's investing in smart BCH and NFTs projects are doing same both are hurting community and money is already moved to wrong pockets that's why we are seeing no movement in sep20 market

These aren't ready to invest because they're not the real investors just grabbing money and another way of rugging the chain nothing else

So if this thing continued like that then till next year i don't think we'll ever hear or know about Smart BCH

Also before sha gate we need real development and more use case

And I've some ideas or my point of view which will help Smart BCH to explode so next time ill share that for now let me know what do you think about these all I've shared today.

Though one last thing I want to clear is I'm a big fan of Smart BCH and expecting alot from it that's why just want to be Smart and aware with the real scams and things everyone should avoid.