The last 24 hours we've seen so many developments in the Bitcoin Cash ecosphere with SmartBCH good news peaking the interest of Bitcoin Cash fans.
The top news came from CoinFLEX which announced flexUSD stable-coin is now also available on SmartBCH. We expected this, but also it was required and there was shortage of stablecoins in the SmartBCH network. We have already Smart BUSD but the supply is too low (only $12k).
Price of BCH was up by 1,7% for the last 24 hours and stable holds above $640. We watch prices in recovery for major cryptocurrencies and there are always some good opportunities, but as we well know, the market is not only going up.
A perfect time to try looking more in SEP20 tokens and have some patience with holding, since there can be quite a lot of surprises!
BenSwap.Cash Announced Support For FlexUSD
CoinFLEX has entered the SmartBCH network with $216,482 FLEXUSD and BenSwap.cash platform immediately announced its upcoming support for the stable coin.
Realizing the importance of this move is liquidity increase that could have a multiplying effect. Trading and use in yield farming will create additional demand, and possibly increase in FlexUSD liquidity inside SmartBCH.
MonkeyCash DeFi & NFT Set To Launch On SmartBCH
Get ready for a new DeFi experience within SmartBCH, as MonkeyCash is launching soon and will also support NFT trade!
MonkeyCash token details:
The token symbol is: $MCASH and the token is added at BenSwap at contract address: 0x778C1c04D68c74FfdECBc0950d51033699c8Eb0B but seems there was no liquidity when I tried to buy. Probably because at the time of writing the token wasn't released officially yet, but a timer explaining there was still almost two hours remaining. I will be expecting to be able to buy at BenSwap and the website of the project when it becomes official (soon)!.
There is also an option to buy MCASH from the website of the project: https://imonkey.cash/.
The token total supply 1 trillion, there was no presale and as suggested by the telegram no tokens will be allocated to the team. I don't really know what this means, it could be some good plan to create a community driven token without the danger of the team dumping or rugpulling.
Our unique NFT platform provides creators with affordable and secure tools. Turn your music, art and ideas into NFTs!
From the token's website we acquire the main concept behind MonkeyCASH and it looks to be very promising, having a clear idea and targets that bring the NFT field in SmartBCH.
Visit MonkeyCash telegram for more research and information:
https://t.me/imonkeycash
Good luck guys, I hope you succeed and the community embraces your efforts! I will be waiting to buy some.
MarketCap.Cash adds homepage for tokens!
You asked for it @webeli delivers!
We will have to wait some more days before it is fully tested and implemented to the website, but we will have on each token a homepage with price and other information.
MarketCap.Cash is growing rapidly and providing a website that will service the whole market. It proves that SEP20 tokens will have a bright future and those of us in it today, are the early adopters of an incredible market and technology.
In Closing:
I have taken interest in SmartBCH tokens, DeFi and upcoming NFT projects and mostly will support those that deserve it and have a clear concept. Of course I didn't do research on most of them yet, and I feel that some projects may not find the same attention from the community.
I wanted to inform those guys, not to give up, but try to increase their efforts. I liked a lot the approach of MonkeyCASH, have to admit there is a concept with details represented inside a wonderful website. It is one of the first organized projects that also gives value to the community it will create, by having no team tokens withheld.
I liked this approach and hope to see more from Monkeys, as well as from other projects and upcoming efforts.
CoinFLEX has given invaluable support to the SmartBCH network by offering FlexUSD and developing it in the network. Deserve our applause and support, and I'm sure CoinFLEX will also find an increase in traffic from the BCH fans.
It's good that more and more projects are coming into the SmartBCH chain. I hope though that scam coins won't find their way on the chain :D Thank you for this, I'd head on to check how is it doing now :)