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What is SMC Coin (Can SMC Coin be Sold)?

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What is SMC Coin? According to official sources, SMC Coin is a decentralized di

What is SMC Coin (Can SMC Coin be Sold)?

What is SMC Coin? According to official sources, SMC Coin is a decentralized digital asset based on blockchain technology. Over 2000 people in the Swarm community have participated in discussions and research on the development and future plans of the Smmer protocol. Many other development teams are actively exploring related projects.

According to Binance Research, “There are already hundreds of DAPPs integrated into the Smbt ecosystem.” According to Binance market data, the current price is $0.012, with a 24-hour increase of 18.5%. (BlockBeats)

Can SMC Coin be Sold?

Can SMC Coin still be sold?

Recently, the Smptcoin (SMC) community initiated a discussion activity about “what the future will be like”. According to forum content, “There are many people discussing these issues in the community, but most people have not received sufficient responses.”

This news has sparked speculation among many people. Some believe that the project team has designed a new distribution mechanism to maintain normal operations. Others believe that this is an important factor for the project team to sell tokens. Some voices claim that if SMC is sold, the price may drop by about 20%, and such phenomena also exist on exchanges.

In response to this, Wang Feng, the founder of Mars Finance, said, “This story is a bit like Bitcoin in the past, but we should not buy it with Bitcoin because we are not investors who were optimistic about Bitcoin from the beginning, so investing in Bitcoin now is relatively conservative. Therefore, I suggest that everyone should not buy Bitcoin unless you know its value.”

Another view points out that there are already many DeFi projects on the market, such as Aave, Synthetix, etc., most of which are based on the ERC20 protocol on Ethereum, such as UniswapV2, etc. These projects are actually DAPPs on Ethereum, but they do not have decentralized characteristics. However, with the decrease in market heat and the increasing number of DeFi projects, people’s understanding of DeFi is gradually increasing. “If a DeFi DApp wants to develop into a fully decentralized dapp that can meet various application needs, it must issue its own token to create more income for its users. This requires them to innovate in the token economy system, which is commonly known as liquidity mining, or market makers use their platform’s tokens as exchange media. This way of trading allows users to transfer funds externally, thereby attracting more users to participate.”

Odaily Star Daily interviewed Smbtcoin’s CTO, Li Qiyuan, who revealed that he is collaborating with multiple exchanges to develop a trading platform called Smmc.com. According to the official introduction, “On this website, you can buy and sell various digital currencies as long as you can find the corresponding price.” Li also emphasized that SMC is a stablecoin that can be exchanged for US dollars and is not the only company listed on the whitelist. In addition, Li admits that although SMC is currently in its early stages, its value is still worth looking forward to.

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