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Hello,
I hope y’all doing good except the FUDers.
A thread to explain you how $SMRTr works, what it's going to be and why it's not at all a scam as some people still say without even looking into it.
@0xSmartCoin
1/22 see below 🧵
Not Financial Advice & DYOR

Let's start at the beginning !
@0xSmartCoin is a multi-phase yield farming protocol on @avalancheavax (#AVAX ) with an innovative self-feeding tokenomics system and a 100% fair launch.
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Tokenomics, investing strategies and core mechanics of the platform are subject to drastically evolve from phase to phase (10 phases), with each iteration exploring a key concept in economic theory, human behavior and Web3 innovation…
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First of all, there are several mechanisms and incentives to understand.
You must know that there are two tokens.
Layer 1 : SmartCoin $SMRT
Layer 2 : SmarterCoin $SMRTr
…
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First of all, there are several mechanisms and incentives to understand.
1• Tokenomics :
…
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2• Liquidity Providers :
Users need to pair SMRTR/AVAX by 50/50 to have LPs and to farm and earn SMRT on smartcoin.farm
3• Bollinger Band Booster (BBB):
When the price falls below the lower Bollinger band, the BBB goes into effect, boosting the APR%…
/5

smartcoin.farm

4• SmartBurn :
A mix of team, advisor and initial LP wallets have sent over 15 million SMRT tokens to the burn wallet…
5• SmartBuy :
To put it simply, it's a buyback mechanism…
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6• DumbFee :
7% penalty to liquidity providers upon exiting their position from the pool.
(3,50% fund the SmartBuy and the other 3,50% to the burn adress…
Ok now a few words about the big brains behind this project…
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Fully KYC-verified team of former founders, a #Harvard professor, #Amazon /#Apple developers, a triple-A game architect, and professional yield farmers,… They have a direct advisory board comprised of core members of both @traderjoe_xyz and @avalancheavax …
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It's for sure a scam and a rug-pull lol 😏…
Now that you have all the technical information, let's get to the heart of the matter phase by phase, step by step …
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Phase 1 : $SMRT (SmartCoin)
$SMRT was the first coin from the L1 with 1B tokens total supply.
There is no point in investing in it, it was only available for early holders and a transitional phase for the next phase...
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Phase 2 : SmartMarketing & Growth
The goals?
- 20K followers by November 1st
- make $SMRT viral ..
And you know what ?
…
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Mission accomplished and much more …
•+20K followers on Twitter
•+15k members on Telegram.
•+$54M TVL$
•+$61M MarketCap
•+26k% APR
•+$35M liquidity on TraderJoe
•1B total supply reached peak cap in one week…
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@cryptofishx Co-founder of @traderjoe_xyz , @zhusu - CEO/CIO at #3ac , @el33th4xor - Founder and CEO of @avalabsofficial.
Talking about @0xSmartCoin.
But probably nothing … 👀🧠
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Hey you're still here? You're smart I knew it 😉
💡Don't forget that phase 2 is still not finished, this phase is a constant and continuous marketing operation based on the meme contest that will reward one user (5000$) every day for 30 days. That is until 23/11/21 !💡
…
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Phase 3 : $SMRTr (SmarterCoin)
As of Phase 3, $SMRT liquidity has migrated to $SMRTr, the L2 token.
Swap your $SMRT to $SMRTr with 1:2 ratio.
Smartcoin DEVs will be assigning reputation scores to each individual wallet based on a collection of variables… #nosellers
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📸 A snapshot would be taken to determine the paper hands and the Diamond hands. To then be able to evaluate the wallets with reputation points.
They set up a bonus for #nosellers and thus reward Diamond Hands with 100% #noseller bonus + an airdrop + Twitter bonus…
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This video is so satisfying! I could watch it over and over again …🔥
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Phase 4 : SSS (Single Side Staking)
Here I can only speculate on what will happen because DEVs like to play and it wouldn't be a game anymore if all answers would be given directly.
…
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But you don't have to be a genius to understand that we will have the possibility to stake our SMRTr to earn another token (SMRTr, AVAX, other ?), anyway it will only be beneficial for the project. Stability and growth.
And what about these social experiments?
…
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I'll let you do your research because there is some reading material (for the brave).
- Keynesian Beauty Contest
- Galton’s Board
- Bayesian Game
-Cantillon effect
- and many more coming for sure…
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Small speculation for Phase 5 :
(Yes, I love playing games)
I would not be surprised to see a form of SSLP (Single-sided Liquidity Provisioning) or even Staking with direct lockup of assets in a staking smart contracts with different lock periods. 👀
…
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Thank you for reading my thread and I hope it helped you.
Feel free to like, comment to give your opinion and share this genius jewel that is @0xSmartCoin
#getSmtr
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@zhusu @cryptofishx @el33th4xor @kevinsekniqi @demirelo @bneiluj @Ahnor_Block @avalancheavax

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