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Smart Marketing Token (SMT) Is on a Mission to Help Blockchain Projects Reach Their Goals

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Smart Marketing Token (SMT) Is on a Mission to Help Blockchain Projects Reach Their Goals

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Blockchain developers can find it very daunting to attract an audience these days, when so many new ventures are hitting the market at an ever increasing pace. This is why Smart Marketing Token stepped up to help projects with promotion, so they can reach all their goals and spread the word about blockchain technology around the globe.

SMT Is Building on the Success of Student Coin

Smart Marketing Token is a tokenized marketing agency that will be responsible for promoting tokens created on the Student Coin Terminal. SMT will be providing promotional services for ICO, IDO, and IEO. All of the assistance will be billed based on the commission from the generated net profit. All ICOs Launchpads that will be listed on Student Coin Terminal will be promoted by SMT, and the service will cost just 3% of the total net profit raised in funding on STC Ecosystem.

If you are not yet familiar with this ecosystem, Student Coin is a platform that allows users to easily design, create, and manage personal, corporate, NFT, and DeFi tokens. STC raised more than $21 million in its ICO on April 22, 2021, and ranked within the top 500 crypto on the coin rankings. Wojciech Podobas, the CEO and Founder of Student Coin, now also serves on the Smart Marketing Token Advisory Board. This will ensure that SMT tokens are set to gain a lot from the experience and expertise developed by the success of Student Coin.

SMT has a growing list of partners in addition to Student Coin, which includes: Coinzilla – an initiative to promote the continuously expanding crypto niche; Lean Token – the currency for Lean and Continuous Improvement Practitioners; Coinranking – Provider of the freshest data about cryptocurrency; Dextools – Real-time data analysis service; and Coincodex – Provider of the freshest data about cryptocurrency and AI trading.

One of the long term goals of Smart Marketing Token is to build a platform on which projects will be able to automatically purchase marketing services that will be done by freelancers 24/7 in an exceptionally fast time. This will include everything needed for promotion such as buying traffic, creating high-performing banners, SM promotion and more. Another goal is to also build an educational platform, available only for SMT Token holders to share knowledge and find tips and tricks from marketing experts.

The Best Way to Buy SMT Tokens

Every quarter Smart Marketing Token will give the community of SMT holders an opportunity for their voices to be heard. They will be able to choose and vote with their coins on the project that they want SMT to promote. The more SMT they hold, the stronger their voice will be. This element will have an impact on the SMT token price, the better the project that the community chooses, the higher the price will rise.

At some point of the project, it is also planned to introduce the buyback and staking program. SMT Token buybacks will be performed using part of the funds raised from B2B clients and will be distributed via SMT Token stakers.

SMT Tokenomics
SMT Tokenomics

Smart Marketing Token launched SMT on August 2, 2021, for community members and the public to purchase tokens. The event will run until October 31, 2021, and will be divided into 100 phases. Each phase has a target cap of $20,000, with subsequent phases attracting a 1% rise in SMT value. For now, the team has already collected more than $700,000 via the event. The SMT team is fully transparent in its activities and operates under the regulations of the European Union.

To learn more about the project visit SmartMarketingToken.com right now. You can also purchase SMT Tokens through the website – the easiest way to buy SMT using your credit card, Coinbase or Metamask wallets.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Grayscale Launches New Investment Product While Bitcoin Trust Crashes to 35%

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Grayscale Launches New Investment Product While Bitcoin Trust Crashes to 35%

Grayscale Investments is offering investors an opportunity to invest in Bitcoin mining hardware in the bear market.

The new investment opportunity, called the Grayscale Digital Infrastructure Opportunities LLC (GDIO), is now open to qualified individual and institutional investors, even as the asset manager allows ETF-related court proceedings to run their course.

Grayscale putting capital to work

Grayscale will use investor capital from the GDIO to buy mining hardware for a minimum of three years. It will use the hardware to mine and subsequently sell bitcoin. Mining is the energy-intensive process undertaken by a computer network to create a new transaction block and verify it. The node in the network that creates the block is known as a miner. A miner is rewarded in bitcoin for his effort, which typically requires large amounts of cheap electricity and computing power.

Part of the proceeds Grayscale will earn from its efforts will be paid out quarterly to GDIO investors.

“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles,” stated Michael Sonnenshein, Grayscale’s chief executive.

GDIO represents another way the company has sought to provide investors with exposure to bitcoin without directly holding the asset.

Investors can also purchase shares from its GBTC trust and gain exposure to bitcoin through Grayscale’s legally regulated business in the U.S.

But Grayscale has a problem. Because investors cannot redeem shares in the trust for bitcoin, the price per share has dropped drastically, trading at a discount of 35% to its Net Asset Value. 

At the close of the trading day on Oct. 5, shares were trading at a shade over $12, despite being backed by $18.45 worth of bitcoin.

To mitigate this discount, Grayscale has pursued the conversion of GBTC into a spot bitcoin exchange-traded fund, which has so far been unsuccessful. The U.S. Securities and Exchange Commission denied the company’s latest application in June 2022, prompting Grayscale to pursue legal action against the federal agency. 

Nic Carter of Castle Island Ventures, a venture capital firm focused on early-stage public blockchain startups, said that Grayscale could wind down the ETF:

watching the GBTC discount. looks like ATL at -35%. on top of discounted spot BTC. paths to breaking open the piggy bank: SEC can approve ETF conversion, or Grayscale can wind down the trust themselves if they so choose.

— nic carter (@nic__carter) June 17, 2022

The SEC maintains that spot bitcoin ETFs are prone to underlying market manipulation.

Grayscale undeterred by SEC rejection

Despite consistent resistance from U.S. regulators, Grayscale launched its first European ETF in May 2022, which tracks the Bloomberg Grayscale Future of Finance Index, offering customers exposure to institutions at the crossroads of finance, technology, and cryptocurrencies.

Grayscale raised investors’ eyebrows recently when it announced that it had applied with the SEC to distribute 3 million ETHPoW tokens that were distributed to all Ethereum (ETH) holders after the controversial proof-of-work fork went live. 

At the time, Grayscale said it was seeking the rights to sell the tokens and pay out shareholders. 

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Colorado is accepting crypto for tax payments — it could be a mess or a shining example

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Colorado is accepting crypto for tax payments —  it could be a mess or a shining example

Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe…
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BNB Chain confirms BSC halt due to ‘potential exploit’

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BNB Chain confirms BSC halt due to ‘potential exploit’

Rumors of a significant hack on the BNB Chain were confirmed by the blockchain’s team, with all deposits and withdrawals suspended on the network…
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