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SmartBCH Is Growing Exponentially

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Avatar for Jane
Written by   1643
1 month ago

October 23, 2021

It was the last quarter of August when SmartBCH started to grow exponentially and I dived into its sphere. However, some newbies are yet aware of the existence of the earning opportunities on SmartBCH, or, are skeptical to gamble in the DeFi (Decentralized Finance) world as they find it complicated to absorb everything. Different articles and guidelines about SmartBCH have been posted here on readcash and all you have to do is to read and absorb them all. You can also try them with due diligence.

SmartBCH SEP20 TOKENS

Different SEP20 Tokens were introduced in the BCH community and they keep on growing by numbers day by day. From less than 15 tokens on Marketcap.cash, it already has 34 tokens at the time of writing.

Native tokens of different DEXs on SmartBCH such as EBEN, MIST, MILK, are leading the market by liquidity. While other tokens such as FlexUSD, CATS, AxieBCH, LAW, SPICE, ORB, and KTH are performing great that made them on the top 10. While new tokens such as KONRA, and POTA, are making their way to the top. (Double check EROS, there are some red flags for this project)

Along with the hype of SmartBCH tokens is the invasion of frauds and scammers in the BCH community. So as a practical investor, beware of them and the rug pulls.


SmartBCH Decentralized Finance Gives More Earning Opportunities To BCH Community

Together with the growing numbers of SEP20 tokens were the launching of different DEXs or Decentralized Exchanges on SmartBCH. These platforms allow the BCH community to earn daily passive income while sleeping, through yield farming and staking. Trading on different exchanges also helps users to accumulate more tokens through the basic strategy, buy low and sell high.

DeFi platforms are a good place to allow your tokens to be put at work and earn passive income effortlessly, but with risks of course that need to be taken into account.

We have competing DEXs on SmartBCH:

  • BenSwap

  • MistSwap

  • MuesliSwap

The open-source Decentralized Exchange on SmartBCH, MistSwap is leading the yield farming by the number of LP pools and it currently has 30 LP pools and it provides great incentives for users. The 0.25% on each trade in any chain will be rewarded to the liquidity providers and 0.05% share of fees for staking MIST.

Meanwhile, MuesliSwap recently had extreme APR week to attract more investors and liquidity providers. From two digits APR after the launch, it increased up to 4 digits APR. Currently, the farm has 9 LP pools with great APRs, while the staking pool has 2 pools, the manual and auto pool for staking MILK. But due to extreme APR week, the auto pool has been temporarily disabled and will be re-enabled after the extreme APR week.

Moreover, BenSwap, the very first DEX on SmartBCH is leading the spot, in liquidity, marketcap, as well as DEX features. Users can earn up to 233% APR in farming and 104% in staking the native token EBEN. The Total Value Locked is increasing day by day as more investors use the earning features of BenSwap. At the time of writing, the platform already has $21.3M TVL.

Among the DEXs on SmartBCH, BenSwap is the very first DEX that has been audited with a passing score, and critical findings have been resolved which gives a positive credit to the platform. Aside from staking and yield farming on BenSwap, conducting presale to raise funds and kickstart new projects is also available on IBO (Initial BenSwap Offerings).

**However, BenSwap doesn't back the projects conducting presales on IBO, so investors should be accountable for their actions. Do intensive research about the new project before participating in the presale on IBO. Different issues about scams have been rampant recently.*

The new feature of the platform called vfat.tools also allows its users to track their earnings in yield farming under SmartBCH and other networks listed on the new tools.

In the past few months, we have seen how Decentralized Finance on SmartBCH grows and gives more earning opportunities to the BCH community. Virtual crypto farmers would always look for pools with higher APR and transfer from one farm to another and among the DEXs, it's MuesliSwap that is leading in terms of high APRs.


SmartBCH NFTs Are Booming

Apart from these DEXs, another platform called BlockNG is making noise in the DeFi SmartBCH sphere for its NFT LAWPUNK minting and NFT Marketplace feature. The 10,000 PUNKs have been completely minted by different collectors.

And just recently, two rare PUNKs have been sold at an enormous price respectively.

NFT CryptoPunk was introduced in the market in 2017, (if my memory serves me right, that was @PVMihalache who mentioned about this in our TG group). These NFT-ERC are generated with different attributes, from human to apes, zombies, vampires, mummies, robots, and even aliens.

In fact, CryptoPunks is the top #3 NFT on OpenSea (the leading NFT marketplace) based on volume, price, and other categories.

Aside from LawPunks, another NFT on SmartBCH called Poolside Puffers have been sold out in just 3 days! 2100 puffers were sold and 100% of proceeds donated to Orphanage for Disabled Children in Vietnam.

Another NFTs called Barobots can be minted at a very low price at Barobots NFT Aautominer which you can send as gifts while promoting SmartBCH.

Open the given links on the MetaMask browser to start minting NFTs on SmartBCH.

The massive demand of NFT in the crypto market would impact the SmartBCH adoption positively and we would see the SmartBCH NFT market booming in the following days driving BCH price up as well.


SmartBCH's Platform To Mitigate Scammers

As the SmartBCH community rapidly grows, the numbers of scammers and rug pulls have grown as well. These scammers are just everywhere. Invading one community and another to find victims. We have seen numbers of rug pulls on SmartBCH recently that made small investors become skeptical in joining new presales, especially held on IBO

With this, BCHPad has been introduced to mitigate the issue of rug pulls and scams.

The Decentralized IDO (Initial DEX Offering) platform protocol on SmartBCH will not only mitigate the issue of rug pulls but will also help to raise funds and kickstart new projects while securing the funds of the investors with the following features.

FEATURES:

You can read more information about this in my article below.

Related Article: BCHPad: SmartBCH First Launchpad

BCHPad successfully conducted its presale recently and the token has been listed on MistSwap. Holders can now trade their BPAD and an LP farm for it will be listed soon.

@BCHPad also announced its successful partnership with the QuillAudit team. The team will be responsible for auditing new projects that will conduct presales on BCHPad. Meanwhile, BCHPad LP tokens on MistSwap have been locked for 365 days to ensure that BCHpad won't turn into a scam. It will be locked again once it re-unlocked.

You can check the Proof of Partnership here: https://www.notion.so/quillhashteam/7614cd1d122245d198058e3ed43c1025?v=6a67bf0ca90448528700df7d7947a0d1

And the locked up tokens here: https://smartbchlock.bscrypt.finance/explorer/0x8221D04A71FcD0Dd3d096cB3B49E22918095933F

We are hoping for less to zero rug pulls on SmartBCH with the help of BCHPad.


SmartBCH Makes The Transactions More Convenient

SENDING BCH TO METAMASK

The procedures of sending BCH to CoinFlex, and CoinFlex to MetaMask under the SEP20 network has been a complex process by many users, especially those who are new in crypto-verse. Moreover, the arrival of the token in the wallet takes a long time as well that usually lasts up to 30 minutes or more. This gives inconvenience to newbies that can't grasp hold of the process. Some cases even lost their BCH as they ignorantly chose a wrong network.

Worry no more! Because Wagon.cash was made to solve the issue of the complex sending process of BCH from BCH wallet to Metamask.

The smartBCH one-way cross-chain bridge will transfer your BCH in just a few seconds.

You can open this link on your Metamask browser https://wagon.cash/.

(An article about this matter would follow. So stay tuned.)

SENDING AIRDROP AND GIFTS ON SMARTBCH

Moreover, distributing airdrops to active SmartBCH users would be easier with the help of CheckBook.Cash.

CheckBook.Cash is a blockchain cheque with some copied features from paper cheques. A tool used to airdrop coins to the people. Aside from airdropping, the platform can also be used for the features below.

MORE FEATURES:

  • Tipping

  • Voting

  • Crowd Funding

  • Auction

  • Over-the-Counter

  • Sell Tickets

  • Multi-level marketing

  • Pay for knowledge

For more info about other usages of blockchain cheques, you can visit this link https://www.checkbook.cash/posts/other-usages-of-blockchain-cheques/.

Active users of SmartBCH recently received CATS airdrop as a gift for passing the audit. It was followed by EBEN airdrop as a reward for its amazing increase in price. And recently, BCHPad distributed airdrop to holders with above 2500 BPAD.

**Check out the new event of wagon.cash. By sending BCH through wagon.cash, you will receive some CATS tokens as a gift. Check the whole information here https://www.checkbook.cash/posts/get-checks-through-wagoncash-bridge


These are just some of the projects that have been launched on SmartBCH recently. There are new projects in the line that will be launched very soon such as:

  • Beachswap, a new Decentralized Exchange.

  • Celery.cash, the first blockchain annuity. Celery will be conducting a presale on October 24. So if you want to know more about this project, visit their Telegram group at https://t.me/celeryToken.

  • TokenObserver, a guardian for SmartBCH. You can follow the group to know more about this project at https://t.me/TokenObserverBCH.

More projects will pop out at any time, and soon, SmartBCH will be known in the crypto-verse that would help drive BCH mass adoption to success and BCH price to the moon.

#BullishBCH

#SmartBCH

Related Articles:

Diving Into The Sphere of SmartBCH (for setting up SmartBCH network on Metamask wallet, you can check this article)

Benswap (SmartBCH) Complete Guidelines For Beginners And The Risks

SmartBCH SEP20 Tokens You Shouldn't Miss

BCHPad SmartBCH First Launchpad

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Avatar for Jane
Written by   1643
1 month ago
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Comments

Great! much obliged to you Im a beginner here so I dont realize a great deal of things as you expressed gratitude toward, you sharing these information extremely clear clarification, thank you, there is still a brief period to contribute, I additionally need to find out about how SmartBCH functions.

$ 0.00
1 month ago

Grabe , Ang dami na pla. Tapos ako na stuck n sa eben days huhu

$ 0.02
User's avatar Yen
1 month ago

Haha... Cge lng..dahan dahanin ang iba

$ 0.00
1 month ago

Not bad I have 95 $CATS gave to me by wagon.cash yesterday after buying for gas fee haha soon I'll understand the life of Metamask ♥️😊

$ 0.02
1 month ago

I got 100+ for sending $5 bch 😁

$ 0.00
1 month ago

Sana all

$ 0.00
1 month ago

BPAD looks like a promising one. I bought 5k plus and was shocked with the speed with which the auditing was done for the airdrop allocation. in the long term it's a token to watch out for. Though the recent rug poll makes it quite discouraging to go into all these tokens. But with proper research one can avoid these scam projects.

$ 0.03
1 month ago

Yeah. Just like what you did.. Thanks for the head ups.

$ 0.00
1 month ago

That's lot of info. I feel overloaded

$ 0.00
1 month ago

Looking good and promising...that's encouraging. I have booked my flight, Janeyyyyyyyyy, so are you ready to host me? I am coming to learn from you 😂😂🤣

$ 0.02
1 month ago

Haha. Better book now 🤣

$ 0.01
1 month ago

I'm on my way to you, Janey 🤣🤣😂

$ 0.00
1 month ago

I hope that the dEx in BCH will be successful, and this will aid to BCH to rise on the moon. Imagine if it will skyrocket on the second time around for this year, then everyone would be happy. Wishing that this project will perform on the next lvel, and I'm a bit busy lately so I'm missing a lot of updates. Just need to prioritize other things, you know

$ 0.03
1 month ago

Let's hope for that..

$ 0.00
1 month ago

The growth of the smartbch is really an amazing thing I must say

$ 0.00
1 month ago

I really would love to know more about SmartBCH. Like how it works. Still studying on this.

$ 0.02
1 month ago

Take your time

$ 0.00
1 month ago

Lots of projects to watch for, but we are learning along the way, hehe

$ 0.02
1 month ago

Same 🙂

$ 0.00
1 month ago

Wow I think you touched everything from A to Z this is really comprehensive weldone ma’am

$ 0.02
1 month ago

Thanks

$ 0.00
1 month ago

Was @Mr_Trenz ..

$ 0.02
1 month ago

And my memory didn't serve me right 🤣

$ 0.00
1 month ago

There are so many things going on in SmartBCH and I can barely catch up. I even missed the CryptoPunks and Puffers, lol! Need na talaga matuto nang mabilis haha

$ 0.02
1 month ago

I have 3 cryptopunks. Check the marketplace. The prices are ridiculous 🤣

$ 0.00
1 month ago

Yayy, sana mas makilala pa tong SmartBCH para sa pag lago. Meron akonh ginagamit now naga farm ako tas makaka earn ng svnt, bch/Candyman lp hahaha.

$ 0.02
1 month ago

Svnt? Saan?

$ 0.00
1 month ago

This article is a clear example of how the information should be presented. It's the best I've read in a long time around here. The quality is excellent, the level of details, in short, everything. Thank you so much for sharing it.

$ 0.03
1 month ago

Thanks for the compliment as well 😁

$ 0.00
1 month ago

Sis, i desperately i wanna learn but my metamask looks mess up. Can I pm you in TG later madam?

$ 0.00
1 month ago

Yang puff, ayaw gumana sa phone ko.

$ 0.02
1 month ago

Bka need sa desktop

$ 0.00
1 month ago

I have been hearing about wagoncash since yesterday but I didn't know what it was until now. I am glad that there's now an easier way of transferring BCH to metamask, sending it through coinflex can be a real pain. I will be waiting for your article on wagoncash ma'am 🤗

$ 0.03
1 month ago

Tomorrow 😁

$ 0.00
1 month ago

Ummmh. I'll get to understand all these someday.

$ 0.00
1 month ago

You broke it down and we digested 🤗🤗.. lovely explanation, I don't think anyone would have done better. I was having certain things yet explained to my own understanding before now but this has cleared it.

Nearly fell into a rug pull yesterday, I just hope they look into some of these coming tokens.

$ 0.03
1 month ago

On what token? Agon,?

$ 0.02
1 month ago

Yes... that's it. I was really so close. I came on telegram and heard complaints from a group..

$ 0.00
1 month ago

There is so much going on with SmartBCH but people need to keep researching though as all won't be good unfortunately.

$ 0.02
1 month ago

True.. Even whitepaper and websites can be copied

$ 0.00
1 month ago

Thanks for sharing, very helpful

$ 0.00
1 month ago

Sorry kahit anong gawin ko di ko pa rin Alam gamitin yung metamask ko

$ 0.02
1 month ago

Na set up mo nb smartbch dun? Check mo related articles

$ 0.00
1 month ago

Yes naset up ko na kasi nakabasa ako ng articles dito on how to set it up

$ 0.00
1 month ago

Ey andami ng mga tokens ate pero iilan lang nasa wallet ko 😂 HAHAHA nakakuha din ako doon sa may app check book pero eben lang tsaka cats. Knows ko na don sa wagon pero diko pa natratry magsend don try ko siya doon mbagal kasi sa coinflex.

$ 0.02
1 month ago

Wagon.cash mabilis

$ 0.00
1 month ago

Very clear explanation, thank you, there is still a little time to invest, I also need to know more about how SmartBCH works.

$ 0.02
1 month ago

You need to

$ 0.00
1 month ago

Yes, yesterday I saw an explanatory video, but I still have doubts, I don't know how it works, what should I do?

$ 0.00
1 month ago

nasa Benswap palang ako ate jane, ang dami na palang bago huhu🤧, sana all talaga sa mga nakakasabay kaagad sa hype 💚

$ 0.00
1 month ago

Wow ang galing mo po naipaliwanag mo ng maayos, thanks for some information about smartBCH

$ 0.00
1 month ago

Wow thank you Im a newbie here so I dont know a lot of things like you did, thank you sharing these info

$ 0.00
1 month ago

Very informative your post,but my problem in metamask I can't log in in coinflex I don't know what's the problem I want to deposit bch but first I go in browser in try to sign up in coinflex and I receive the email and the time to log in always close and I make again ,

I hope I also the one can use the Smartbch

$ 0.02
1 month ago

You don't need to go to coinflex.. Use wagon.cash.. But if you haven't set up smartbch on metamask yet, check my article about it above

$ 0.00
1 month ago

Okey thank I will read

$ 0.00
1 month ago