Apr 20, 2021
SMAK is the native utility token on the platform that is used for:
- Escrow fee exemption- Escrow rewards- SMAK Staking program - Users will need SMAK tokens to participate in critical platform decisions, such as adjusting staking and escrow reward APR, development proposals, and revenue strategy.
Transaction fees are used to:
- Buy back SMAK at market price - Help Smartlink’s ecosystem growth- Hire future employees- Maintain the platform
Smartlink originated its official contract on Tezos on Mar 30, 2021 with a maximum total supply of 896,083,333 million SMAK.
SMAK tools include:
- Smartlink Escrow Service: A decentralized escrow service for C2C, B2C, and B2B- Smartlink Payment Processing: A decentralized payment portal that leverages current and upcoming digital currencies for instant payment settlements.- A smart payment milestone management service that functions as a part of Smartlink’s escrow service.- A decentralized marketplace where products and services can be listed for retail customers and business clients.
Smartlink is built on Tezos blockchain, a proof-of-stake blockchain with an ideal infrastructure for scalable applications. Smartlink positions itself as an enterprise-grade, secure, decentralized escrow platform. Tezos is designed to provide the safety and code correctness required for assets and other high-value use cases. Tezos' modular architecture and formal upgrade mechanism allow the network to propose and adopt new technological innovations smoothly as they emerge. These aspects, combined with Tezos' on-chain invoicing mechanism, enable the protocol to remain state-of-the-art long into the future without sacrificing community consensus. The Delphi upgrade has, on average, made the network 3,000 times cheaper than Ethereum while reducing storage costs and improving the overall performance of smart contract execution. Tezos has proven itself to be a relevant choice for Smartlink.
Attention. There is a risk that unverified members are not actually members of the team
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