SMAK ICO began today. What about CrossPad? – market wrap

Investors have been waiting for Smartlink’s ICO for some time now and the time for trading came at last. Smartlink is launching its native utility token today. SMAK rating is very high. 1 SMAK is trading for 0.007 USD, and the total supply consists of 896,083,333 million tokens. The platform also introduced Trust-as-a-Service to its potential investors. It offers users a decentralized escrow payment system built specifically for Web 3.0.

Furthermore, Smartlink provides an ecosystem of services that aimed to eliminate the need for trust when a commercial transaction happens.

The network achieves this through a suite of various decentralized services, such as an escrow tool and a marketplace built on the Tezos platform.

Token holders can use SMAK for escrow rewards and escrow fee exemption, as well as the SMAK Staking program.

Besides, users will need to hold SMAK tokens if they want to participate in critical platform decisions, including development proposals, adjusting staking and escrow reward APR, and revenue strategy.

How will the platform use transaction fees?

According to the team, Smartlink will use transaction fees to help its ecosystem growth, buy back SMAK tokens at market price, maintain the platform and hire future employees.

Thus far, SMAK tools include Smartlink Payment Processing, which is a decentralized payment portal. It leverages current and upcoming digital currencies to enable instant payment settlements; A decentralized Smartlink Escrow Service for C2C, B2B, and B2C; A smart payment milestone management service functioning as a part of the platform’s escrow service; A decentralized marketplace where services and products can be listed for both retail customers and business clients.

The platform is built on Tezos blockchain, which is a proof-of-stake blockchain and offers an ideal infrastructure for scalable applications. Smartlink aims to become an enterprise-grade, decentralized and secure escrow platform. Besides, the founders specifically designed Tezos to provide the safety as well as code correctness required for high-value use cases and various assets. Tezos’ formal upgrade mechanism and modular architecture allow the network to propose or adopt new technological innovations.

CrossPad is also releasing its native token soon

CrossPad offers a new solution for Multi Chain oriented projects. A new organic way of fundraising will be available across the EVM-based blockchains, thanks to CrossPad. Users can launch their projects through its platform and collect $BNB, $ETH, $HECO, and $MATIC.

Multi Chain sales will significantly expand users’ fundraising horizons with CrossPad’s platform. Its multi-chain protocol (ETH, HECO, BNB, MATIC) allows them to attract investors from all over the crypto community.

Furthermore, CrossPad offers Multi Chain wallet connections. Customers can connect several wallets from different blockchains. The platform will synchronize all assets. As a result, users will have faster access to all the functions that the CrossPad team will host.

Multi Chain instant swap and staking are additional advantages. The team claims that customers can swap and stake in a revolutionary way on their platform. Using CrossPad’s No-Fee blockchain bridge will enable them to manage their funds in the most decentralized way possible, as well as stake their assets and claim the reward with CrossPad’s multi-chain pools.

CrossPad is also launching its native token soon. The team has announced that their token’s IDO will start on May 2, 2021, and it will end on Jun 2, 2021. A total of 27,500,000 CROSS will be available during the initial coin offering for the price of $0.02.

How can investors use CROSS tokens?

Customers can use the CROSS token for various purposes. Holding a specific amount of $CROSS will enable them to vote for different decisions. Furthermore, the more tokens user holds, the higher their impact will be on the platform’s development. The community will make decisions about projects hosted on the platform, fees, updates, and many others.

Customers will have to hold and stake $CROSS if they want to join CrossPad’s Tier System.

Most platforms have static tiers, which can also become obsolete in the middle of a sale and cause traders’ uncertainties that reflect on the token price CrossPad is trying to prevent this annoying phenomenon by bringing a new dynamic system. The latter adapts to every market situation while still guaranteeing a fair pool allocation for the $CROSS token holders.

DFI token staking is already available on KuCoin

DeFiChain announced on Thursday that staking rewards for its DFI token is launching on KuCoin, one of the leading cryptocurrency exchange companies. DeFiChain is a DeFi platform for the Bitcoin ecosystem. Investors can stake DFI on KuCoin in the Pool-X platform. The latter offers users the flexibility to add and stake their tokens in the pool or withdraw at any time they want.

A representative of KuCoin stated that they are delighted to provide their customers with the opportunity to earn rewards using their DFI assets. It is a simple, straightforward, and accessible way for customers to increase their crypto wealth. The platform is committed to making cryptocurrencies more accessible to all.

Users can hold their staked DFI on the KuCoin platform, thus utilizing the exchange’s easily manageable in-house custody solution. When KuCoin stakes a crypto asset, the exchange delegates it. That means the tokens remain in the platform’s control.

Earlier this month, the DeFiChain community agreed on a DFI coin burn from Cake DeFi to the value of almost $500M. That consequently led to a price increase of DFI.

DAFI Protocol and Reef Finance plan to integrate Synthetic Token

DAFI Protocol and Reef Finance are well-known for most blockchain and DeFi participants. DAFI helps decentralized economies leverage dTokens (synthetic tokens) as rewards. Ultimately, this platform is aiding create engaged and sustainable communities across the industry.

Reef Finance is the cross-chain DeFi operating system. It is built on Polkadot and is currently the leading smart liquidity aggregator, as well as an advanced DeFi yield engine. Reef provides a seamless user interface that helps customers to execute smooth trades. The platform has built one of the most diverse and engaged communities in the industry.

These two companies announced a strategic partnership today. They plan to integrate dTokens in Reef’s ecosystem. The partnership will give Reef customers various benefits, including an increased incentive to long-term users.