Investors today are looking into the next hot smart-contract network and usually purchase the native token massively.
Bitcoin Cash (BCH) is the native coin for smartBCH.
The scale of recent developments within smartBCH, and the warm welcome from the Bitcoin Cash community added in favor of a smooth introductory phase of smartBCH.
The smartBCH community is in expectation of rapid growth, increase in userbase, and developments in all fields smart contracts can thrive.
Marketing was not important so far, since the network had to progress organically and increase at a stable rate in this beginning phase.
Bridges to Ethereum and more EVM sidechains are currently under development and estimated to be ready by the first quarter of 2022. These bridges will allow interoperability with networks as Polygon, Binance Smart Chain (BSC), and the rest.
SmartBCH has had a warm welcome in the Bitcoin Cash community. Although, it hasn't yet received acknowledgment by investors, mostly because of the low profile kept so far and the ignorance of the cryptocurrency news media.
But this is also going to change.
SmartBCH Awareness
Image from: Pixabay (modified)
SmartBCH is still ignored by crypto news media
Immediately starting with what I see a a major drawback that should probably be addressed presently.
As with any positive developments on Bitcoin Cash, for crypto media as Coindesk, Decrypt, Cointelegraph, and all the rest, ignored the SmartBCH development and limited its public visibility.
The reasons are known. Bitcoin Cash is often limited, ignored, and suppressed by the crypto news coverage. Crypto news websites are not a reliable source of information. Still, they attract high traffic as perhaps millions of investors use them occasionally.
It would be surprising if 1% of the current cryptocurrency community has heard of smartBCH.
Only Bitcoin.com reports on smartBCH. The rest simply ignore its existence while at the same time promote various other smart contract sidechains.
And this is probably not going to change a lot in the future. The crypto news was never a credible source of information and has suppressed Bitcoin Cash information for years.
Although, we should be glad Bitcoin Cash has a different approach from what just looks like news manipulation and price hype.
Sadly, though, the mainstream media (Bloomberg, CNBC, etc.) that took interest in cryptocurrency once again, are also not interested in the technical aspect in this field.
Bitcoin Cash attracts the attention of investors with its utility.
The same is with smartBCH, an advanced smart-contracts technology with immeasurable potential.
Invest in smartBCH by Investing in BCH
Investors usually buy the native cryptocurrency of smart contract networks. Almost all sidechains come with a native token to be used as gas.
The native token of smartBCH is Bitcoin Cash.
Investors may instantly invest in the prospects of the smartBCH sidechain by just investing in Bitcoin Cash, a top cryptocurrency offered in all exchanges and most trading apps.
Investing in Bitcoin Cash is currently available to retail, institutional, and accredited investors, in various ways and is always a top-5 consideration for funds to diversify in cryptocurrencies.
i) PayPal: (BCH - BTC - ETH - LTC)
ii) Grayscale: (BCHG - GBTC - ETHE - LTCN - ETCG)
iii) JPMorgan Chase & Co.: (BCH - BTC - ETH - ETC)
iv) SBI Holdings (Japan): (XRP - BCH - BTC - ETH - LTC)
v) 21 Shares: (BCH - BTC - ETH)
These are just some of the investing options in Bitcoin Cash and subsequently in smartBCH.
In the crypto field, most probably ALL cryptocurrency exchanges offer BCH to investors.
It is recommended investing directly into BCH and withdraw to a non-custodial wallet.
Investing In smartBCH projects, tokens, DeFi, NFTs
SmartBCH is a sidechain to Bitcoin Cash with EVM compatibility.
It gives a fresh approach that makes smart contracts possible within a decentralized and secure environment. Also gives access to DeFi and NFTs with considerably low fees compared to Ethereum.
SmartBCH fees are just $0.03 for the common token transaction, although it uses gas and contract interactions depending on the gas limits set by each contract. Still, no matter the type of transaction, fees will always be relatively low at an inconsiderable cost.
DeFi is simple and fees do not decrease profit from an investment. Ethereum DeFi fees can vary between $50-$500 (or even higher) depending on the network congestion. This is not an issue with smartBCH when the network experiences a surge in the userbase. Fees will remain low.
Usually, I delay my reviews of new smartBCH projects for weeks, until I am certain the chances of a rug pull are low and the project has something useful to offer.
Invest in tokens with long term viability
There are plenty of respectable tokens today in smartBCH and some that do not possess substancial prospective.
I take a safe approach and always consider all outcomes, since the bearish days in 2018 and 2019. The previous bear market taught everyone how difficult success is and how decisive long-term features are. Tokens we hold today may have no value a year, or even a month later.
Investing is about the long run. While smartBCH today enjoys a certain scale of hype inside the Bitcoin Cash community, we still have to find those projects that contain the substantial potential and viability for the long run.
Long-term viability requires certain criteria and just making a token and listing on DeFi farms is not the best course of action. The whitepaper and roadmap gives us a hint on developments and solutions. Discussions with the team behind the project in telegram, or AMA interviews are also worth considering.
The technology aspect that can attract respectable developers in the smartBCH ecosystem
I hope we see many more projects in smartBCH and find them working toward bringing professional solutions and expanding the smartBCH ecosystem, as it happened with various projects within the Ethereum network.
When the network attracts professionals exploring real-life or digital solutions it would be a great boost. It was one of the reasons smart contracts in Ethereum gained such popularity.
Accounting firms like E&Y and banks tested smart contracts and developed on top of Ethereum, often offering their expertise with open-source code contributions. SmartBCH will take a long time to be acknowledged and its significance understood. Sometimes a project is ahead of its time.
This was happening a lot often in the previous century, but in our time, the developments are so rapid that integration of fresh developments does not leave room for selection and abandonment of good ideas.
Our century, though, does not overlook valuable technological advancements for too long. Eventually, it finds its way into mass production or mass adoption.
Diversification of risk and rewards
Diversification provides two fundamental requirements in our investing process:
i) reduces risk, and
ii) expands a portfolio, providing exposure in more opportunities
Any investment needs time to mature and any investment may contain risks that are not in plain sight. Transparency is important as with the business world, cryptocurrencies and token developers may have been hiding vital information from their investors.
In Conclusion
SmartBCH has no native token but uses Bitcoin Cash, so investors can use BCH as an investment in smartBCH.
The current network effect is a great indicator regarding smartBCH. Investors can also compare efficiency and decentralization features with other similar smart-contract sidechains for research.
In case investors understand the potential smartBCH offers, then investing in Bitcoin Cash is equal to investing in smartBCH.
Bitcoin Cash has a certain target and approach towards mass adoption as a digital currency. SmartBCH is a development on top of it, aiming to provide a competitive smart contracts platform.
As cryptocurrency analysts, we strive to find projects with features that support the long-term potential and contain a reliable solution to a problem. A product, in business terms, is a solution, and there can be plenty of solutions to one problem, each one with unique characteristics or methods.
Efficiency is key for long-term sustainability and growth. The cost is equally important as also the ease of use.
High fees can not sustain the userbase for too long. Hype doesn’t last but forms unsustainable bubbles instead.
Investors are looking for projects that add value to our societies, solve problems, improve living conditions, make our life simpler.
SmartBCH is offering an efficient smart contract network ready for mass adoption.
Images:
Lead Image from: Pixabay, modified
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Wallets:
SLP: simpleledger:qp77an8yy98kgarhgmhurvmcrxslth0v9qgft6ypqk
SmartBCH: 0x2c09bc07354bad5b5c04b3661148d50a5fc087bc
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Nice to know that simply investing into BCH is essentially buying into anything related to it. Thanks for the insight, as always.