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SmartBCH Is Becoming Explosive, $CATS And $EBEN leading the way Up
Just a short time ago the Bitcoin Cash SIDE-CHAIN was being born and entering the DEX market, opening a whole new journey in history on the development of decentralized finance using a parallel Bitcoin Cash network. Its growth was so intense and sudden that it triggered two great players on the ecosystem:
$CATS token and the $EBEN token.
This two players are not alone in the market but at the moment have been the most notable in the side-chain. $CATS is practically the mascot of the Bitcoin Cash community, being a project fully supported by people who also support and 'love' Bitcoin Cash, it has less than a month in the market and already passed 2900 members on the Telegram and with a market capitalization of over $2 million dollars.
For those who arrived early and had the privilege of receiving the first batch of airdrop, they were awarded 1 million $CATS coins, which in less than 2 weeks valued so much that it reached 3 BCH per million $CATS transacted. This means that from scratch, with no investment required, whoever received 'free coins' COULD hold 3 more Bitcoin Cash coins in their storage.
The second batch aimed to release 100,000 $CATS to community members and a third batch gave the lucky 10,000 $CATS. This all enabled investors and members of the Bitcoin Cash community a way to offer market liquidity to the token in BCHDEX market and thus earn $EBEN coins in exchange. Note that the meme coin has a total supply of 1 billion coins where over 700 million were distributed to the community totally free, in an airdrop system.
$EBEN is the native token of the benswap.cash platform, which is the trading tool for all (for now) tokens that are on SmartBCH. It had a presale where the price was $0.15 and did not conducted any kind of airdrop to the community, but nevertheless offers investors a way to Stake & farm, where investors can invest their capital and in return receive $EBEN tokens.
Since the token was introduced in the market, it has already reached values in the trading market up to $2.99, increasing in more than 1000% since its initial sale. $EBEN has 6 million coins as a total supply with a market cap value rounding $15 million dollars.
Since it's launch on July 30, the SmartBCH have been accumulating millions of dollars worth in Bitcoin Cash from investors. People are already seeing it potential in m market after all, the side-chain offer lower fees which is a catalyst to gather more 'excluded' person's and invite more PlaTforms to create their products based in the network.
The sky is the limit here, after all, the SmartBCH project can very well fork projects that are being developed and run in the Ethereum or Binance Smart chain to produce them on it, making even more people to have access to services that just a short time ago, could only be used by people who could afford paying higher fees. This massive investment also makes everyone realize that fees are taken very seriously by investors, they can further maximize their profits by interacting with the side-chain executing operations with lower fees.
SmartBCH is here to stay and leverage Bitcoin Cash, giving back its deserved space in the crypto market. This network can benefit many investors and individuals who want to start their experience in the decentralized finance market, offering a highly favorable business ecosystem. Here the transaction fees are very low and allow everyone to have an active participation.
Users who have never experienced the decentralized finance market can have a unique experience and also have access to direct profits from their trades without having to pay a lot to transact them for their private wallet addresses, but beware,
Many projects can be created at SmartBCH and others can be of dishonest people who are only 'hunting' investors' money and as soon as they do, pull-rug and disappear with the money, therefore, it is necessary to exercise caution and just interact with recognized smart contracts and thus ensure that no one suffer damage caused by lack of research.
Bitcoin Cash will only increase recognition and maintenance as a currency of choice will always go up!