SmartBnk: An Easy and Inclusive Solution for Token Banking Ecosystem

SmartBnk: An Easy and Inclusive Solution for Token Banking Ecosystem

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March 1, 2019 Editor's Desk
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SmartBnk, a decentralized business structure, has proved to be the catalyst for the mainstream adoption of cryptocurrencies and has exploited the power of Blockchain technology for a much simpler token banking platform. The problem with traditional token banking systems is the fragmentation in the  ecosystem due to obsolete business models. Moreover, lack of transparency and
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SmartBnk, a decentralized business structure, has proved to be the catalyst for the mainstream adoption of cryptocurrencies and has exploited the power of Blockchain technology for a much simpler token banking platform.

The problem with traditional token banking systems is the fragmentation in the  ecosystem due to obsolete business models. Moreover, lack of transparency and difficulty to use such systems augments the existing problem which results in single token isolationism. SmartBnk aims at the potential addressable market which consists of more than $500 million of resources already available. Also, it unlocks real utility and token velocity tranctions in a highly secure architecture.

In the current token banking platforms, the process is much more complicated and intricate than it is shown. SmartBnk is the answer to the lack of integrative and effortless platform capable of providing a full stack, multi-assest management solution as a banking tokenized services layer for the “Internet of Tokens.”

SmartBnk connects utility tokens from different ecosystems and hence bridges the barrier of a fragmented system. A Synergetic business model is implemented which results in the combinations of utility tokens which in return creates greater synergy and new value propositions. In the same way, SmartBnk encourages partnership and strategic token alliances for greater collaboration and hence resulting in token partnership. Since a public, on-chain ledger is used, it’s services are available to everyone and are listed on the same platform providing- transparency and an easy-to-use solution similar to plug and play.

Core services offered: all under one roof-

Smart Swap

The ‘HDGE’ function under Smart Swap utility allows any Crypto holder to move they often volatile Crypto assets into stable coins, such as DAI, through multiple DEX ( decentralized exchanges) integration. After choosing the desired amount of HDGEable tokens, the assets are moved seamlessly thereby risking off into a chosen stable value asset like DAI or any other stable tokens without any intervention by a central authority. In the same way, the user can also do a friction free reverse ‘HDGE’ out back from a stable token to any other token. This process, in other words is known as HDGE in and HDGE out. This marks SmartBnk’s USP and main advantage over other competing token banking platforms. Each active user is expected to press ‘HDGE’ on average once every 24 hours with just 1% transaction fee per user per HDGE.

Smart Bounty

The bounty economy as embedded into SmartBnk allows to combine and boost emerging economies such as India and Indonesia. SmartBnk hosts the bounty contract and offers the users to easily deposit and hold their bounties in their account – making them workers of the future. Then they can spend their bounties, convert them into SmartShares or cash them out.

Smart Shares

As mentioned earlier that SmartBnk supports token partnership, it allows the user to simply create its own diversified portfolio of tokens. Smart Shares Assets represent the combine tokens which provide synergetic utilities. Anyone can generate their own Smart Shares portfolio with one click making it extremely convenient to use. Moreover, is combination of tokens can provide extended services. The tokens under consideration are sent to the Smart Contract after which the buyer receives his/her new units of combined Smart Shares automatically to account in action. The Smart Shares can then be used to purchase relevant products and services while enjoying the benefits of the token banking economy in a much simpler way.

Smart Rewards

Via Smart Airdrops, one can accumulate their rewards and airdrops into a single wallet and access liquidity. SmartBnk Airdrops users with various tokens based on the number of SmartCoins they hold as a reward first simply being SmartBnk user.

The user interfaces for three services are already up whilst Smart Bounty is yet to be released.

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