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SmartBCH is gaining MOMENTUM and big things are COMING
The side-chain was launched in a first phase under the tutelage of CoinFLEX for the community to be able to test and remedy some flaws that may occur and to get them fixed before launching it on total decentralized ecosystem.
It arrived very shy as a network and soon attracted thousands of people who decided to invest millions of dollars worth in Bitcoin Cash on it. For this reason, it was already possible to foresee that the Bitcoin Cash community was welcoming the SmartBCH network and it did not take long for the first DEX platform to launch its product on the market and that was how Benswap.cash was born, becoming the very first 'decentralized trading house ' involving Bitcoin Cash.
Like every product in the DEX world, Bitcoin Cash's first decentralized trading platform brought with it its own token, which was initially launched on a presale basis, raising large community participation and consequently pulling the price to very gigantic levels. Today the $EBEN is trading at more than 1 dollar and still has a lot of room for evolution.
Several other currencies were also listed on the trading platform, highlighting $CATS, which is a meme coin that prioritizes the enhancement of CATs [fans of felines] has come on the favor of the trading community and also the Bitcoin Cash community, which accepted the project very well. In less than 2 weeks on the air had already conquered the hearts of more than 2,000 souls. The project initially [to distribute cats economy] launched an airdrop and distributed 700 million tokens, in a total of 1 billion total supply, for the Bitcoin Cash community.
These two [$EBEN AND $CATS] are the standouts on SmartBCH as they are the notable ones there, but the trading platform has also listed $WBCH, $SPICE, $HONK etc and they can still be listed even more as each time the side-chain gains visibility, more projects will install and develop their products on it.
Bitcoin Cash smart chain is still at the stage of being introduced to the Dex market but it has already been noticed that there is unlimited potential, first because it is a new opportunity for people to take advantage of the decentralized finance market and it will certainly lead a lot of people to benefit using the side-chain for multiple purposes:
Lend, borrow, trading, stake etc.
It is a world with infinite possibilities and unlimited platforms can be issued in it.
Only one BCHDEX trading platform has yet been effectively launched, but many are yet to come. According to CoinFLEX there is a launch span of a stable currency, the FlexUSD, which will be the stable currency that will secure the SmartBCH market and will also implement a DAO on it.
With the improvement of the network, numerous projects will enter the Smart Bitcoin Cash side-chain and certainly leverage the services that can be offered there without needing (in the future with the introduction of SHA-GATE) any human intervention to be able to happen only using highly programmed mathematical algorithms to perform respective functions.
There is skepticism in relation to SmartBCH side-chain and with reason for that, after all it is still an innovation in the Bitcoin Cash market and may still have bugs [like the one registered a short time ago] but it is at this stage of experimentation that the same it has to be discovered and resolved so that the SHA-GATE launch can be a success and the entire side-chain is fully decentralized.
Products developed there will attract big investors for its fundamentals, subsidized lower fees and very welcoming fast transactions. Most people who have been excluded [because of high transaction fees] will take advantage of making investments in SmartBCH as this side-chain is very inclusive and allows the majority to take profits just by paying extremely low fees, which makes it possible only for this reason, that many investors believe in the success of the network.
*One thing highlights to be said before euphoricism, everything that is an investment involves risks and caution is needed when dealing with them and everyone must be responsible for taking care of their financial interests with the utmost care possible.
SmartBCH's success depends a lot on this testing phase, but as you can see there is a lot of acceptance from the community that made itself heard depositing millions of dollars for investments in the side-chain and this amount will increase with time and with the network maturation.
Bitcoin Cash opens a new chapter in its history, and it will never be the same again, peer-to-peer electronic cash now also works in the world of smart contracts and its evolution will continue to rise.