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What is bitSmiley (SMILE)?

bitSmiley basic info

Name:bitSmiley
Ticker:
SMILEBuy now
Introduction:

What is bitSmiley (SMILE)?

bitSmiley is an innovative protocol on the Bitcoin blockchain, developed within the Fintegra framework to realise the transformative potential of decentralised finance (DeFi) within the Bitcoin ecosystem. Comprising three primary components—a decentralised stablecoin protocol (bitUSD), a peer-to-peer lending mechanism (bitLending), and an advanced derivatives platform—bitSmiley introduces a sophisticated DeFi ecosystem designed to enhance Bitcoin’s utility and redefine its role beyond being a mere store of value.

What VCs Back bitSmiley?

bitSmiley has attracted the attention of prominent venture capital firms dedicated to advancing decentralised finance on Bitcoin. By securing funding from leading blockchain investors, bitSmiley has the resources and support necessary to drive innovation and reach a broader audience. This strategic backing underscores bitSmiley’s potential to reshape the Bitcoin ecosystem and elevate it to a new level in the DeFi landscape.

How bitSmiley (SMILE) Works

bitSmiley’s ecosystem introduces key functionalities on the Bitcoin blockchain, combining stability, lending, and cross-chain compatibility to make DeFi accessible within the Bitcoin network.

Stablecoin with expanded financial utility: bitUSD

bitUSD, an overcollateralised stablecoin pegged to the US dollar, transforms Bitcoin’s role in DeFi. By addressing Bitcoin’s volatility, bitUSD enables stable payments, lending, borrowing, and yield-generation directly on the Bitcoin network. This stability allows users to engage in daily financial activities with confidence, aligning Bitcoin with the broader needs of DeFi.

Decentralised, trustless lending and risk management: bitLending and bitInsurance

bitLending offers a peer-to-peer lending model that combines trustless, decentralised loan matching with optional protection through bitInsurance. Users can lend or borrow bitUSD or other bitRC-20 tokens with Bitcoin collateral, while bitInsurance provides a safety net against default risk. This multifaceted lending structure ensures both security and flexibility, addressing risk management while upholding Bitcoin’s decentralised ethos.

Cross-chain compatibility and multi-chain applications

With the bitRC-20 standard, compatible with BRC-20, bitSmiley enables Bitcoin to interact across blockchain ecosystems, promoting interoperability and expanding access to DeFi. The platform’s multi-chain design also empowers developers to build dApps that operate seamlessly across various networks, leveraging Bitcoin’s security and liquidity within a broader, interconnected DeFi ecosystem.

The $SMILE token

The $SMILE token, issued on Ethereum, holds a pivotal dual function within the bitSmiley ecosystem as both a governance and utility token. As a governance token, $SMILE empowers holders to actively participate in shaping the platform's development by voting on essential decisions, such as protocol adjustments, collateralisation ratios, and emergency measures. This democratic approach allows the community to directly influence bitSmiley’s direction, ensuring it evolves in alignment with user interests and market demands. In addition to governance, $SMILE serves a practical utility role by offering holders tangible benefits that enhance their experience on the platform. These benefits include discounted fees on transactions and loans, which incentivise regular use and loyalty, as well as priority rights during liquidation events. Such access provides $SMILE holders with a strategic advantage in managing risks and capitalising on market opportunities within the ecosystem. Together, these governance and utility features cultivate a highly engaged community and make the bitSmiley platform more inclusive and appealing to a diverse range of DeFi participants.

bitSmiley (SMILE) Goes Live on Bitget

As bitSmiley prepares for its listing on Bitget, the protocol is set to make a profound impact by delivering a secure and advanced DeFi ecosystem anchored on Bitcoin. Through its pioneering integration of lending, stablecoins, and derivatives on the Bitcoin blockchain, bitSmiley not only enhances Bitcoin’s financial utility but also fosters an accessible, decentralised future for digital assets. This launch represents a significant milestone for Bitcoin, as it steps into the world of DeFi, broadening its potential as both a financial tool and a transformative force in the global economy.

How to Trade bitSmiley (SMILE) on Bitget

Listing time: 6 November 2024

Step 1: Go to SMILE/USDT page

Step 2: Enter the amount and the type of order, then click Buy/Sell

Trade SMILE on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$0.8622
All-time low:$0.04000

SMILE supply and tokenomics

Circulating supply:-- SMILE
Total supply:-- SMILE
Max supply:0 SMILE
Market cap:--
Fully diluted market cap:--

Links

Buy bitSmiley for $1Buy SMILE now

What is the development prospect and future value of SMILE?

The market value of SMILE currently stands at --, and its market ranking is #999999. The value of SMILE is not widely recognized by the market. When the bull market comes, the market value of SMILE may have great growth potential.

As a new type of currency with innovative technology and unique use cases, SMILE has broad market potential and significant room for development. The distinctiveness and appeal of SMILE may attract the interest of specific groups, thereby driving up its market value.

What will the price of SMILE be in 2025?
Based on SMILE's historical price performance prediction model, the price of SMILE is projected to reach $0.00 in 2025.
What will the price of SMILE be in 2030?
In 2030, the SMILE price is expected to change by +11.00%. By the end of 2030, the SMILE price is projected to reach $0.00, with a cumulative ROI of 0.00%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SMILE and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is SMILE worth investing or holding? How to buy SMILE from a crypto exchange?

If you want to buy SMILE, the following information may be helpful for your investment decisions:
In the last 7 days, the price of SMILE has fallen by undefined%, leading to negative returns for most SMILE investors. The market is currently pessimistic about the price trend of SMILE.
It is important to note that the current price of SMILE has retreated by -47.40% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether SMILE is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SMILE or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of SMILE, if you want to buy or sell SMILE, you can consider Bitget for your trading needs. The best place to buy SMILE is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in bitSmiley has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy bitSmiley. Here's a step-by-step guide on how to buy bitSmiley on Bitget.

How to get bitSmiley through other methods?

Using cash to buy bitSmiley is not the only way to obtain bitSmiley. If you have the time to spare, you can get bitSmiley for free.
Learn how to earn bitSmiley for free through the Learn2Earn promotion.
Earn free bitSmiley by inviting friends to join Bitget's Assist2Earn promotion.
Receive free bitSmiley airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to bitSmiley through Bitget Convert, Bitget Swap, or spot trading.

What is bitSmiley used for and how to use bitSmiley?

The use case of bitSmiley may expand as the crypto market and the project itself develop. Currently, you can use SMILE to achieve the following goals:
Arbitrage by trading SMILE: Since SMILE is a frequently traded cryptocurrency, the price of SMILE is always fluctuating. Earn more SMILE by buying low and selling high on the exchange. Bitget spot market provides a variety of SMILE trading pairs to fully meet your needs.
Earn by staking SMILE: You can also generate income through financial management methods such as staking SMILE or lending SMILE. Bitget Earn offers a variety of financial products designed to help you earn more income from your SMILE.
Send or pay SMILE: If you want to give SMILE to your friends, a charity, or a fundraiser, or you want to pay someone with SMILE, you can quickly and easily send SMILE to the recipient through their payment address.
You can also go to the official website of the bitSmiley project to learn more about the use cases of SMILE. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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