How and Where to Buy SmartCoin (SMRT) (SMRT) – Detailed Guide
- What is SMRT?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade SMRT
- Last Step: Store SMRT securely in hardware wallets
- Other useful tools for trading SMRT
- Frequently Asked Questions
- Latest News for SMRT
- SMRT Price Prediction and Price Movement
What is SMRT?
SmartCoin is a Paladin-audited yield farming protocol on Avalanche (AVAX) with an innovative self-feeding tokenomics system and a 100% fair launch.
What Is SmartCoin (SMRT)?
Founded in 2018, SmartCoin (SMRT) is a multi-phase yield farming protocol deployed on Avalanche (AVAX) - a layer-1 blockchain. Smartcoin functions as a platform for decentralized applications & custom networks. By teaming up with Avalanche, SmartCoin has relied on fast and cheap transactions.
SmartCoin was developed from scratch and the creators have two main goals:
Firstly, to provide a stable, safe, and most importantly - profitable experience for those keen on pursuing high APRs. And secondly, to completely break the DeFi financial system and fill the unmet needs of the industry.
According to the team, SmartCoin entered the market with an innovative self-feeding tokenomics system and a fair launch. The amount of SmartCoin (SMRT) is constantly increasing and distributed among the community in the form of massive booster mechanics and economic stimulus incentives.
The SmartCoin roadmap dates back to Q3 2021, with the tokenomics, investment strategies, and platform mechanics set to evolve in each phase.
Who Are the Founders of SmartCoin?
The SmartCoin team is creating the project completely anonymously, however, there are a few key details available regardings its team. As of November 2021, the company employs a fully KYC-verified crew of founders including a Harvard professor, Amazon / Apple developers, a triple-A game architect, and professional yield farmers. The principle of anonymity is respected in order to protect the team members in the first place allowing the entire staff and consultants to work incognito. However, the founder of SmartCoin privately confirmed the identities in RugDoc as Low Risk.
What Makes SmartCoin Unique?
The developers of SmartCoin are doing their best to make the company's mission a reality. Specifically, the developers aim to provide the community with an innovative, exciting and easy-to-use yield farming aggregator protocol, while guaranteeing stability and security of the platform.
SmartCoin is easy to navigate, and is designed to reinvest as much funding as possible back into the Smart ecosystem. 70% of all emissions go to the community: 50% of the total issued SMRT tokens are allocated to reward the liquidity provider, and 20% goes to the treasury. Thus, SmartFund is essential to stimulate the economy, and reinvestment back into the SmartCoin community, as high APR% events stimulate adaptation and involvement of participants.
SmarChain offers several incentives to reward farmers & investors:
**Double-Double Mechanism: **provides rewards for SmartCoin users and encourages them not only to participate in the farm, but also to stay involved. How it works: if the TVL (Total Value Locked) on the platform doubles, then the APR (Annual Percentage Rate) doubles. Further, word-of-mouth marketing stimulates the growth of SmartCoin with rewards given to users who maintain liquidity.
Bollinger Band Booster: A set of trend lines for a price chart that acts as a corrector, helping determine the position of the price (high or low position on a relative basis). Bollinger Band Booster participates in the process of building innovative tokenomics: if the price falls below the lower Bollinger band, then Bollinger Band Booster increases APR using SmartFund. There are a number of pros behind this mechanism including raised profitability for investors, reduced incentives for bank runs, and generated buying pressure for SMRT.
Related Pages:
Read about Avalanche (AVAX).
Take a deep dive into Avalanche with CMC Alexandria.
What is yield farming? Click here and find out.
Learn more about web 3.0 and its key features here.
Brush up on crypto terminology with the CMC glossary.
How Many SmartCoin (SMRT) Coins Are There in Circulation?
SmartCoin (SMRT) is a native layer-1 farming token that powers the ecosystem and serves as the platform's main currency.
The company did not conduct pre-sale or private sales of SMRT tokens. In October 2021, SMRT reached the emission limit of 1 billion coins, which marked the beginning of the next platform stage - SmarterCoin (SMRTr), and all SMRT holders were able to get early access.
Emissions started on block #4438594, the level of emissions depend on market conditions and change based on a number of booster mechanics. Based on the current emission rate, SMRT tokens were distributed as follows:
50% to Liquidity Providers;
20% to SmartFund;
20% to the Dev Team;
10% to the Future Investor Fund.
Team funds as well as Treasury funds are distributed at the same rate as LP farms.
SMRT and SMRTr direct 100% of internal LP tokens to RugDoc for a 90-day block, an aspect that adds another layer of security to the network.
How Is the SmartCoin Network Secured?
SmartCoin (SMRT) is a multi-stage project where each stage is closely reviewed by a smart contract auditing firm with an essential focus on decentralized finance protocols, known as Paladin Blockchain Security. Reports with all summary records are available here.
The SmartCoin protocol also employs the Trader Joe V3 MasterChef contract. The MasterChef contract is derived from the TraderJoe contract, but maintains a slight difference: instead of a fork / copy / paste, class inheritance is used. Moreover, a Techrate check, in addition to a series of tests, took place before the farming launch.
Additionally, SMRT belongs to the deployed MasterChefSmartCoinV2 contract, which belongs to the developer key. The private key is stored in secure offline vaults. According to the developers, in the near future, the platform will be prepared for the transition to a DAO-oriented approach with multiple signature solutions.
Where Can You Buy SmartCoin (SMRT)?
SmartCoin (SMRT) is listed on Trader Joe - a one-stop-shop decentralized platform on Avalanche, where DEX services are combined with DeFi lending to offer leveraged trading.
As of November 2021, Trader Joe is the only option where the SMRT token can be traded.
Want to keep track of SMRT prices live? Download the CMC mobile app.
Check out the top yield farming tokens by market capitalization.
Visit the CMC blog for product updates, market insights and industry news.
SMRT was first tradable on 20th Oct, 2021. It has a total supply of 76,489,684. As of right now SMRT has a market capitalization of USD $2,440,873.98. The current price of SMRT is $0.0319 and is ranked 3729 on Coinmarketcap and has recently surged 110.38 percent at the time of writing.
SMRT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SMRT.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
But we are not done yet, since SMRT is an altcoin we need to transfer our to an exchange that SMRT can be traded. Below is a list of exchanges that offers to trade SMRT in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase SMRT from the exchange view.
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SMRT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Gate.io
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
BitMart
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
Last Step: Store SMRT securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your SMRT for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Other useful tools for trading SMRT
Encrypted Secure Connection
NordVPN
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).
Surfshark
Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!
Atlas VPN
IT nomads created Atlas VPN after seeing a lack of top-notch service within the free VPNs field. Atlas VPN was designed for everyone to have free access to unrestricted content without any strings attached. Atlas VPN set out to be the first trustworthy free VPN armed with top-notch technology. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Below are some of the feature highlights:
- Strong encryption
- Tracker blocker feature blocks dangerous websites, stops third-party cookies from tracking your browsing habits and prevents behavioural advertising.
- Data Breach Monitor finds out whether your personal data is safe.
- SafeSwap servers allow you to have many rotating IP addresses by connecting to a single server
- Best prices on the VPN market (only $1.39/month!!)
- No-log policy to keep your privacy safe
- Automatic Kill Switch to block your device or apps from accessing the internet if the connection fails
- Unlimited simultaneous connections.
- P2P support
Frequently Asked Questions
Can I buy SMRT with cash?
There is no direct way to buy SMRT with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy SMRT in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy SMRT or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on SmartCoin (SMRT)'s fundamentals and current price here.
SMRT Price Prediction and Price Movement
SMRT has been down 98.68 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that SMRT's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if SMRT is backed by a solid development team and whether SMRT's technology has any potential to grow.
Please note that this analysis is purely base on SMRT's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Latest News for SMRT
