Investing the 'Smart' way with BCH
Anytime I go down memory lane on my SmartBCH journey, some memories come to the fore. The first was how I eagerly converted a substantial part of my assets on the BNB Smart Chain in preparation to commence my adventure into the world of DeFi in an entirely different terrain. I also remember the reaction on the face of a close friend who I like to think of as one of those who encouraged me to take a leap into crypto when I mentioned SmartBCH to him, it seemed as though I was speaking Greek.
The reason for this was not far fetched as up until that moment he had never heard about SmartBCH and hence had the faintest idea as to what I was referring to. He was familiar with BCH alright but was at sea at the mention of SmartBCH and honestly he wasn't interested probably due to the fear of the unknown or being cautious due to bab actors who have now learnt to live with in the crypto space while trying to avoid falling for any of their booby trap schemes.
Right now the momentum with which SmartBCH was moving appears to no longer be there. It appears to have run out of Steam. Some might even say it was initial gra gra (a local term similar to a flash in a pan i.e. a one off thing). One of the things that might have scared or put people off was the series of rugs that were pulled off in quick succession. Although rug pulls aren't a new thing as other ecosystems haven't been spared either, there seemed to be this glimmer of hope that SmartBCH would be different as it was expected that only those who truly believed in the ecosystem that would build on it.
There was also issue of conflicts between the Devs of the pioneering projects on SmartBCH with accusations and counter accusations flying about. These conflicts in my opinion were totally unnecessary and added no value to the ecosystem rather it pained a picture to any newbie who might have been interested in pitching a tent with SmartBCH that it was a house in chaos or disarray. Gladly we have since passed that stage with the Devs now busy and focused on building solid projects instead of petty squabbling.
Bridging tokens to the SmartBCH network was also one of the teething challenges. It required a somewhat lengthy process of sending BCH to CoinFlex before then sending it to SmartBCH on MetaMask. Reason being that as at that time, CoinFlex was the only available bridge to SmartBCH. Thus each time one wanted to move in or out of SmartBCH one had to go through the multistage process of bridging via CoinFlex.
This chapter now belongs to the history books with several bridges now available to hop in and out of SBCH. However, I would suggest that the bridges be tweaked to be more newbie friendly to encourage more adoption or onboarding. In my little experience, more people tend to prepare simple user interfaces. Simply put, the simpler the better.
This brings me to the last challenge for some in using the SmartBCH network which is the MetaMask set up which required having to manually add the network in the wallet. This would surely not have been a walk in the park especially for newbies like myself who only started using MetaMask so as to be able to access SmartBCH.
Had it not been for detailed articles or tutorials by some users on this platform who deserve commendation for their effort in helping many come onboard SBCH, many would have surely found it very cumbersome.
For SBCH to experience more mass adoption and consequently phenomenal growth, deliberate and consistent action or effort is needed in terms of its digital footprint. In today's media driven world, there's a way one will make so much 'noise' (or make one's present felt) that one can't afford to be ignored even by the major players in the crypto verse. Hence the presence of SmartBCH needs to be felt across the entire crypto verse such that everyone will be eager to get aboard the moving train. In order to do this its social media presence needs to be amplified.
This can be achieved through massive and well coordinated publicity campaigns via twitter , Facebook, Instagram et al. Let people know what's on offer on the SmartBCH network, the unique DeFi opportunities and projects that are available. Narrate the success stories of the leading and consistent projects on SmartBCH as well as upcoming projects with good prospects.
With a successful publicity campaign other things will naturally fall in place such as support for the SBCH network by other prominent wallets which hopefully will be way easier to set up than MetaMask. Imagine what would happen if say Trust wallet were to integrate the SmartBCH network. There would surely be a significant increase in activity as well as new users on the SBCH network.
Hopefully if the above ideas were ever to come to fruition someday, those of us who 'lost' our way due to distractions from the crypto market will find the way back to the Smart home of BCH like the prodigal son who returned after many years of wandering. To the true believers who have been with SBCH since the beginning and continuing to weather the highs and lows of the ecosystem, you guys are the real OGs.
I only had a brief experience with SBCH and lost interest. I wonder if there is still hope for it to bounce back.