⦁ Community to set SMT price
Berlin-based Swarm Markets today announces it will launch its first token, SMT, to power liquidity on the world’s first BaFin-regulated DeFi exchange.
The SMT payment token offers rewards to people staking liquidity and 50% discounts on protocol swap fees for those trading on the platform. The more SMT held, the greater the discounts and rewards available. Swarm Markets’ liquidity provider program currently has more than 540 individuals signed up who have pledged over $34 million in assets and have begun onboarding to the platform.
The maximum supply of SMT is 250 million. 50 million tokens with a nominal value of $4.25 million will be made available to the public to buy via a two-phased sale. 50% of tokens are reserved for the rewards pool and there is no team allocation.
Timo Lehes, co-founder of Swarm Markets, said, “Instead of us coming out and telli
Źródło: https://cryptopotato.com/first-token-to-launch-from-worlds-first-bafin-regulated-defi-exchange/
