Smart Miner Token - the first product in the SMART ecosystem, which is an algorithmic token that allows its holders to earn income not only through value growth, but also through a virtual mining system.
The smtoken.io website acts as a decentralized exchange. Buying and selling are carried out on the main page of the site. You can also withdraw mining rewards and transfer tokens to other users here. All operations are also available when interacting with the smart contract directly. Additional steps to add a token are not required.
Other features of Smart Miner Token:
| 1. | The cost of the token, its issue and turnover are regulated by a smart contract. |
| 2. | Buying each new piece of token (0.00000000000001 SMT) increases the cost of the next one by 1 wei, selling each piece of token reduces the cost of the next one by 1 wei. |
| 3. | This ensures the liquidity of all tokens in circulation. |
SMT uses its own token format, different from BEP-20. This simplifies the interaction with the smart contract and reduces gas costs for transactions. The commission for buying SMT tokens is 10% and 5% for selling. The funds, received from commissions, are distributed among all miners, in proportion to the number of held SMT tokens. SMT holders automatically become miners and receive income from every purchase and sale of tokens, regardless of price changes. Mining rewards in the form of BNB coins are available for withdrawal at any time without commissions.
Unlike classical coins and tokens, the change in the price of SMT allows its holders to earn income even if the value of the asset falls. This is possible thanks to the virtual mining system. Each SMT token holder automatically becomes a miner. The system charges a fee for buying and selling SMT tokens. All funds, received from such commissions, are distributed among all miners, depending on the number of SMT tokens they own. Thus, surges in supply and demand bring additional income to all SMT holders. Moreover, in the long run, the fees are compensated by the algorithm that regulates the price of the token.