SMTF token price surges 370% since September 2021 against the market downtrend
January 20, 2022 – SmartFi, the open finance cryptocurrency platform, has completed its token sale and transitioned to its unique SmartCycle money protocol.
The purpose of the SmartCycle is very different from a typical cryptocurrency network. It was designed to fund credit demand from SmartFi users.
The SmartCycle minimizes market risk by offering a 100% buyback guarantee on the SmartFi token (SMTF) under certain conditions.
Because of this assurance, SMTF holders have little reason to sell the token in a declining market, knowing they have a buyback guarantee at their original purchase price.
This is an unprecedented level of protection not shared by any other cryptocurrency like Bitcoin or Ethereum etc.
Better added value is another unique selling point of the SmartCycle. It puts upward pressure on the price of the SmartFi token through deflation by pegging the value of the token to demand for credit. This is similar to a decreasing block reward.
This unique financial model allows for better price predictability. The price of SMTF has increased by 370% since its launch on September 16, 2021.
SmartCycle
The SmartCycle consists of 4 main components. The credit demand that moves the price of SMTF. SmartCycle tranches similar to block rewards. These trades then fund loans. Interest from the loans finance CeFi and DeFi networks. SmartFi’s unique monetary policy recycling advances start by restarting the process at step 1.
The SmartCycle converts other cryptocurrencies like Bitcoin to SMTF. When users trade Bitcoin or other cryptocurrencies, the resulting proceeds are used to fund loans. The loan types are cryptocurrency-backed loans, commercial real estate, small business equipment loans, etc.
SmartCycle’s success makes the open finance platform competitive with traditional lenders. SmartFi is now funding non-crypto-related loans, including the first $2 million in traditional small business loans. Introducing borrowers to the world of cryptocurrency safely and easily through financial experiences they are already familiar with.
SmartCycle has built ~$60 million in loans in 18 weeks.
SmartFi CEO Aaron Tilton commented, “SmartCycle’s monetary policy allows us to safely demonstrate to new users the power and purpose of cryptocurrencies. At the same time, it is a very compelling model that can compete head-to-head with traditional lenders.”
About SmartFi
SmartFi is an open cryptocurrency finance platform that includes decentralized and centralized solutions with a built-in fiat gateway. It offers a range of services including decentralized exchange, centralized exchange, cryptocurrency-backed lending, coin interest accounts, institutional trading desk.
SmartFi, a DBA of Power Block Coin LLC, is registered as a Money Service Business (“MSB”) with the Financial Crimes Enforcement Network (“FinCEN”) with registration number 31000178271453. SmartFi.com
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