How It Works

GUP to SMT Exchange

SMT can only be produced through the exchange of GUP—the native reward token earned within the platform. This mechanism incentivizes users to engage in various platform activities (such as content creation, governance participation, and DeFi activities) to earn GUP, which can then be exchanged for SMT. The exchange ratio is dynamically adjusted based on the platform's economic model and market conditions, ensuring the stability and fairness of the ecosystem.

Participation Incentives

Users earn GUP by participating in platform development and community activities, including content creation, project voting, and community governance.
The incentive is designed to reward those who make substantial contributions, stimulating active engagement and promoting the healthy development of the ecosystem.

Deflationary Strategy:

To safeguard SMT's long-term value, the platform will implement deflationary measures such as periodic buybacks and burns of SMT.
Specific mechanisms will be introduced to reduce the GUP-to-SMT exchange rate, thereby decreasing the circulating supply of SMT, increasing its scarcity, and boosting its value.

Governance and Voting:

SMT holders are granted voting rights in the platform's governance, allowing them to participate in key decision-making processes such as fee structure adjustments, launching new features, and bringing in new partners.
This mechanism ensures that the platform is managed democratically, with community members having direct input on its development.

Cross-Chain Interoperability:

To enhance SMT's liquidity and broaden its application, the platform will support the cross-chain transfer of SMT across different blockchain networks.
By establishing a cross-chain bridge protocol, SMT can circulate freely among all supported blockchain networks, offering users a wider range of use cases.

NFT and Metaverse Applications:

SMT will play a crucial role in SMARTMALL's NFT marketplace and Metaverse platform.
Users can utilize SMT to purchase and sell NFTs and participate in building and trading within virtual worlds, making SMT a key bridge between digital and virtual assets.

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Last updated 2 months ago

GUP to SMT Exchange

SMT can only be produced through the exchange of GUP—the native reward token earned within the platform. This mechanism incentivizes users to engage in various platform activities (such as content creation, governance participation, and DeFi activities) to earn GUP, which can then be exchanged for SMT. The exchange ratio is dynamically adjusted based on the platform's economic model and market conditions, ensuring the stability and fairness of the ecosystem.

Participation Incentives

Users earn GUP by participating in platform development and community activities, including content creation, project voting, and community governance.

The incentive is designed to reward those who make substantial contributions, stimulating active engagement and promoting the healthy development of the ecosystem.

Deflationary Strategy:

To safeguard SMT's long-term value, the platform will implement deflationary measures such as periodic buybacks and burns of SMT.

Specific mechanisms will be introduced to reduce the GUP-to-SMT exchange rate, thereby decreasing the circulating supply of SMT, increasing its scarcity, and boosting its value.

Governance and Voting:

SMT holders are granted voting rights in the platform's governance, allowing them to participate in key decision-making processes such as fee structure adjustments, launching new features, and bringing in new partners.

This mechanism ensures that the platform is managed democratically, with community members having direct input on its development.

Cross-Chain Interoperability:

To enhance SMT's liquidity and broaden its application, the platform will support the cross-chain transfer of SMT across different blockchain networks.

By establishing a cross-chain bridge protocol, SMT can circulate freely among all supported blockchain networks, offering users a wider range of use cases.