SmartBCH is Smart Money
The more I get involved in SmartBCH the more I can see that it is indeed the future. Since SmartBCH is based off Bitcoin Cash it automatically has fast transactions and cheap fees - yet it gets even better because it has smart contract capabilities. The most simplest way I can explain how revolutionary SmartBCH is to say this:
Imagine:
You merge Bitcoin with Ethereum, yet placed it on a Bitcoin Cash blockchain.
Now you don't have to imagine it anymore as it's already here!
SmartBCH
Here are some of the immediate benefits:
Low fees: The fees are just a few pennies for both basic functions and smart contract interactions. At most you'll pay 10 cents to do something on Smart Bitcoin Cash -- which is thousands of times better than you doing it with Ethereum. Yes, you can farm, swap, buy NFT's and so much more for just a few pennies.
Fast transactions: These are ultra fast, they're nearly instantaneous since a new block is mined every 6 seconds. SmartBCH is not going to get clogged up, even if a million people want a LawPunk right now!
More transactions: You have room for a lot of transactions since the fees are cheap and the transactions are settled so quickly. This makes SmartBCH extremely scalable.
Smart Contracts: On SmartBCH it's not only possible to do smart contracts but the whole ecosystem is being built to cater to smart contracts. This opens up a lot of possibilities, letting us do some of the things you can do on other blockchains but much faster, for much cheaper and with more possibility of scaling up.
More Decentralized: Bitcoin Cash is one of the most decentralized blockchains yet and SmartBCH follows this pattern. There are multiple developers active in the new ecosystem. We don't have Centralized exchanges on SmartBCH, just decentralized ones.
Burns and Locks up BCH: It supports Bitcoin Cash completely as every transaction uses BCH. In addition since there is a lot of DEFI projects being built on SmartBCH using it locks up as well as burns BCH regularly. This makes our hard earned BCH much more valuable.
New yet strongly emerging ecosystem: SmartBCH is very new, but it's already very strong for only being a few months old. Not many people know about it yet either which means the possibility for exponential future growth is there. We have 4 bridges, 3 DEX's (with a 4th one coming soon), two places for NFT's, several dozen strong token projects, several NFT series and a few other cool things going on there. Every week more cool stuff is created on SmartBCH and there's already a lot of opportunity for investors and crypto fans alike.
DEFI and NFT's are affordable: Due to the low fees for the first time ever it's affordable for regular everyday people to get into DEFI and NFT's. This will equate to growth for the future as Ethereum gas fees continue to be very high for doing the same thing. Several other Projects will eventually migrate to SmartBCH.
Easy to use: Compared to Ethereum SmartBCH is quite easy to use and everything is pretty intuitive and well set up. With a few tweaks it's possible to use MetaMask, and many of the tools and DEX's are simple too as long as you understand the basics of Crypto. You don't have to estimate gas fees and they don't fluctuate constantly like on Ethereum.
Lots of innovation: SmartBCH has the most innovation I have ever seen in an ecosystem for being so small and new still. Problems get solved quickly, solutions get implemented and new tools are created constantly. Since SmartBCH is decentralized there are a lot of development teams helping with creating things on SmartBCH.
There are many more benefits, but these are just the immediate ones that come to mind when you look at everything on SmartBCH.
SmartBCH is Smarter Money!
You keep the peer to peer decentralized currency aspect of Bitcoin Cash, yet merge it with Smart Contract ability of Ethereum.
Let this last sentence sink in for a moment. THAT is the definition of smart money. That is the future. It's what we need to create the Metaverse and move to world wide adoption. Once people realize exactly what this means, how this can improve their lives and how it can propel all crypto projects to new heights there will be a literal wave of new people coming into SmartBCH.
Some of the cool projects on SmartBCH:
None of this is investment advice, always do your research.
KONRA: A merit system. It's short term goals are to improve lives while furthering crypto adoption. The long term goals are a collection of incrementally larger projects that will return power back to the people, empower humanity and bring us into the future.
We all know KONRA lives on SmartBCH and is doing very well. However since part of the initial goals of the Konra Project is to highlight and empower other projects, here I'd like to point to some other innovative projects that are active on SmartBCH.
I won't go much into detail here nor cover all great projects as I will do more of that in future articles.
LAW: DEFI & LAWPUNKS NFT:
It is the beginning of a blockchain powered economic restructuring including DEFI staking and NFT's. There is so much going into this project that it needs a whole new article, but for now the coolest thing is that you can stake your Lawpunk NFT's to Mine Law. There is also a liquidity provider reward.
BPAD: Better Project Launches:
BPAD is all about safe launches. After a series of rug pulls BPAD fulfills the great need to vouch for and provide the tools and mechanisms for projects to launch in a safer manner. Token locking and a series of other requirements projects must go through in order to launch assure that those who do token sales on BPAD are properly vetted.
MIST: DEX, DEFI and soon MIST LENDING
Mist is a prominent DEX token swap on SmartBCH. Again, a huge project with large implications. Not only are there farms on MIST and the listing requirements for projects are relatively easy; they will also in the near future go into Lending and expand their decentralized governance via XMist. Mist used to live on SimpleLedger and has greatly expanded their project since they moved to SmartBCH.
EBEN: DEX, DEFI, LOTTERY, TOKEN IBO
EBEN is the first DEX we had on SmartBCH. It is also a huge project consisting of a Decentralized Swap exchange, offers DEFI farming for popular tokens. There is a way to do TOKEN Initial Pre Sales and of course the famous EBEN lottery. The Lottery is pricy, but the prizes are sweet and a draw is held about every 3 days.
MUESLI: DEX, TOKEN LOCKER, TOKEN LAUNCH
Muesli is the third DEX to come to SmartBCH. It has the usual offerings of Swapping tokens and DEFI farming but it also is building some great tools for token creation and launching. This includes a token locker for Liquidity tokens that's in Beta.
CELERY: ANNUITY on SmartBCH
Celery is one of those innovative, creative projects that can only exist on a smart chain. It is basically a blockchain powered annuity. You lock up your Celery for a year or more to earn high interest on it (100% APY) and then can choose to get it paid out over the period of a year when it's fully vested. In addition, Celery has farms on some of the DEX's so you can still get DEFI benefits on any Celery you don't have staked long term. This project can really make a long term difference; as it could revolutionize Retirements, take the place of savings' bonds and other Annuities.
CATS: Mascot of Bitcoin Cash, NFTs and Oasis NFT market place
CATS started out as a meme token and is the unofficial Mascot of Bitcoin Cash, but quickly grew to become a project focused on NFT's. The cats developer created an NFT series of the CashCats and has established a great NFT marketplace called Oasis.
KITTENS: Cute meme token with a great Liquidity program
Kittens is a cute addition to SmartBCH; one of three meme tokens that live on SmartBCH. Unlike many other Meme tokens though it has one of the best Liquidity provider rewards programs around. And everyone loves Kittens as they're really cute!
AXIEBCH: A GAMING GUILD on SmartBCH
AxieBCH is a gaming guild token on SmartBCH. As a guild they mentor players of the Axie Infinity game and team up to succeed in the game. This use case is highly innovative and can show how tokenizing gaming guilds can lead to better gaming.
JOYSTICK: Play to earn retro gaming token
We all love retro gaming and when is gaming best? If you can earn with it. This is what Joy is all about and it's absolutely cool! Imagine a blockchain powered arcade where you can earn crypto for gaming. There's a lot more that goes into this amazing project but this is just a sample.
ORB: An Innovative game token
Orb is the native token of a blockchain powered game, Enter the Sphere. While I don't know much about it the project is strong and has great potential as the game looks absolutely amazing and the project is developing rapidly.
SPICE & HONK & Others: These tokens and others have migrated to SmartBCH
We all know SPICE and HONK from the SLP days. Well those tokens along with MIST, MAZE and HAM moved over to SmartBCH where they're all thriving. Micro payments will thrive on SmartBCH just as they do on Bitcoin Cash, with SPICE and HONK. HAM on the other hand is a token for the HAM radio community; again creative use case and super huge long term potential. Also on SmartBCH lives SHIBABCH, inspired by the many Shiba and Doge meme coins. Let's not forget about UAT, the token of the dev team that created WagonCash one of our bridges or KNUTH that is another development token.
There are so many cool projects on SmartBCH and not being included in this short list doesn't mean that I don't believe in them. A large majority of the tokens currently on SmartBCH will thrive as they're all great projects.
In future articles I'll talk more about SmartBCH as it's really astounding of some of the cool stuff going on there.
Well said and I love them all