When smartBCH started it seemed like something completely far from reality, something unthinkable to implement, after all the idea was to innovate and take Bitcoin Cash to another dimension, introducing a side-chain totally focused on decentralized finance.
Not only that, it was about catapulting what was already good in the Bitcoin Cash [mainnet] network and leveraging it to a completely business-oriented one. This network is at the level of the best in the area and most importantly it has everything that is good: low rates, speed to transact and completely transparent and decentralized [although at the moment it is being maintained by CoinFLEx it will soon be launched in a decentralized channel with the introduction of SHA-GATE].
Less than 3 months what has been implemented so far
SmartBCH side-chain is a technological innovation capable of making any fork that runs on the Ethereum network and making it run on the Smart Bitcoin Cash blockchain and with everything that is right (low rates, speed of execution etc) and with that enable a broad majority to be included in decentralized finance (DeFi). With its launch, a bridge was also introduced that facilitates deposit and withdrawal transactions to be carried out on the Smart Bitcoin Cash blockchain network and it is so far maintained by CoinFLEx, which is a renowned player in the market in matters of security, trust and highly favorable to Bitcoin Cash currency.
This structure allows Bitcoin Cash deposits on mainnet to be made and sent to SEP-20 wallets in a matter of minutes enabling users to enjoy the various platforms that are built on the SmartBCH side-chain.
One of the first trading products found on the side-chain is the first DEX, BenSwap.Cash, which paved the way for many tokens to be traded on the decentralized platform and thereby enable projects to start testing SmartBCH effectively. BenSwap was the first BCHDEX platform as well as the first to introduce its governance token into Smart Bitcoin Cash, the Eben Token.
The platform offers several trading pairs where the investor/user can also have the pleasure of making the Farm, participating in Pools, swapping between different tokens and Bitcoin Cash or even participating in the IBO [where projects raise funds for your maintenance in the market in order to have a strong infrastructure capable of managing demand].
Top tokens on SmartBCH
There are several tokens on SmartBCH, among them the credible ones and with reputable people in the Bitcoin Cash community as well as the less popular ones, many of them with people who are looking for a loophole to usurp values [as noted with the MCASH rug Pull], and the main ones are:
Bitcoin Cash in SEP-20 format (coin not token), which has as its main function in all transactions that occur on SmartBCH (it is the currency that implements everything and pays for the gas in each transaction, whether between contracts, sending between individual wallets etc., here Bitcoin Cash is burnt of supply where its scarce in the market increases.
FlexUSD is the stablecoin implemented by CoinFLEx and whose base characteristic is the gain of interest by those who have it in their wallet, the FlexUSD currency pays every 8 hours interest for everyone who owns it and can be generated from various currencies on the platform CoinFLEX.
Knuth token- highly secure, reliable and valuable project for those who own it because holding the token is like holding Bitcoin Cash itself, as the team behind the project works towards the development of the BCH currency and has extensive experience in the market.
ARG token, a large project also with a very active team in the Bitcoin Cash market and long working for the development, expansion and adoption of the currency in Argentina.
Note that there are several other projects that are well allocated and with a huge future in the side-chain, but the ones mentioned above are the most highly rated in the Bitcoin Cash community and with well-recognized people behind them.
Latest developments at SmartBCH
The side-chain is growing and with it its visibility, and this draws the attention of several projects and investors. It is certain that it is still a child compared to other players [Ethereum, BSC etc] but there is something that these two networks do not have: a united community in favor of the development of Bitcoin Cash.
In recent days there have been good and impacting side-chain projects, such as the wagon.cash, which is a direct deposit platform at SmartBCH without having to create an account at CoinFLEx maintained by the UATX token team and with a well-defined support structure. To interact and understand how this service works, just access your Telegram and ask the relevant questions Wagon.Cash .
Poolside NFTs Puffers
Puffers NFTs is a very attractive project that was created by Corbin Fraser and sincerely one of the most recent attractions at SmartBCH, which, in addition to being a project with a very high social value [allocated funds will be given to a humanitarian institution in Vietnam that helps orphans children] is also a great investmentvfor the future. NFTs are in huge demand in the market and we've even seen designs with none, or of questionable quality, being sold for completely irrational prices in excess of millions of dollars, which Puffers doesn't have and it's a project with extreme quality.
The quality is expressly satisfactory in addition to being entirely original, where no other Puffer resembles another in any way. They sold out in just 2 and a half days after they were released which proves how well accepted they were.
Conclusion,
SmartBCH is in the growth phase and a lot is still going to happen and to prove it a new DEX was introduced in the past weekend and is called MistSwap which has several projects included and is a direct fork of SushiSwap.
It is a new platform that enters the world of DEX platforms and with a difference, it has several projects that can have their own Farm, with several pools and that still promises much more in the market.
Therefore, we, the first users of SmartBCH, are proving and testing that Bitcoin Cash can be implemented in decentralized finance and thus maintain your own trading market, free from dependence on Bitcoin as it is being pulled by the advances that are happening in Smart Bitcoin Cash side-chain.
The world is experiencing a development that will never go unnoticed in the coming times, after all, everyone has the right to financial inclusion and to protect their personal finances using networks that enable them to gain their financial freedom, and that is only found in Bitcoin Cash.
it's great