Dear Users,
 
Due to popular demand. BingX Spot will add 1 trading pair on 2024-04-25, 10:00:00 (UTC+0).
• Asset: SMT
• Trading Pair: SMT/USDT
• SMT Deposit Time: 2024-04-23, 15:00:00 (UTC+0)
• SMT Withdrawal Time: 2024-04-25, 10:00:00 (UTC+0)

What Is Swarm Markets (SMT)?

Launched on Ethereum, Swarm Markets (SMT) stands out as the native token of the world's first licensed Decentralized Finance (DeFi) platform. This platform, also called Swarm, bridges the gap between traditional finance and the cryptocurrency world by offering a unified exchange for various assets.

Swarm Markets caters to both institutional investors, such as banks and hedge funds, and retail investors. The platform allows users to trade and stake tokens representing real-world assets like commodities, traditional securities, and even cryptocurrencies, all within a single environment. This unique blend opens up a world of possibilities for investors seeking exposure to diverse asset classes.

One of the key highlights of Swarm Markets is its regulatory compliance. Unlike many DeFi platforms that operate in a gray area, Swarm is licensed by Germany's Federal Financial Supervisory Authority (BaFin). This regulatory stamp of approval assures users of a level of governance and accountability comparable to traditional financial institutions. This can be particularly appealing to institutions and risk-averse investors who might be wary of the volatility and uncertainty often associated with DeFi.

Swarm's focus on real-world assets adds another layer of distinction. By tokenizing these assets, Swarm facilitates their fractional ownership and trading. This can unlock new investment opportunities for those who might not have the capital to invest directly in, say, a specific commodity or security. Additionally, tokenization can enhance liquidity for these assets, making them more readily tradable.

The SMT token itself plays a crucial role within the Swarm ecosystem. It serves several purposes, including governance, staking, and fee payments. SMT holders have the right to participate in voting on proposals that shape the future development of the platform. Staking SMT allows users to earn rewards for contributing to the security and liquidity of the network. Finally, SMT is used to pay transaction fees on the Swarm platform.

 

 

How to Buy Crypto?

Check this to see how to buy crypto.

 


Crypto to USD:

Check this to see the crypto conversion rate.

 

 


Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.

Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
 
 
BingX Operation Team
2024-04-23
 
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BingX Web: https://bingx.com
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
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