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The stablecoin swap protocol Smoothy will launch its SMTY public sale on four crowdfunding platforms this week.

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The stablecoin swap protocol Smoothy will launch its SMTY public sale on four crowdfunding platforms this week.

After several days, the stablecoin swap protocol Smoothy will launch a governance token SMTY subscription event on four decentralized fundraising platforms BSCPad, DAOMaker, Paddle.finance, and Paid Network from 04/22 to 04/27.

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SMTY Token Crowdfunding

According to the official announcement, about 2% of the total token supply will be released in the public sale. In addition, the public sale activity is divided into two forms. The first is a fixed price subscription of $0.5 conducted by BSCPad, Paid Network, DAO Pad, which only users who meet the whitelist requirements of each platform can participate in.

Furthermore, the crowdfunding quota on Paddle.finance platform is higher, but it adopts a bidding auction model with a starting bid price of $0.5, without whitelist restrictions, platform token holding limits, or subscription limits. The public sale round tokens will be released immediately after the fundraising ends.

Regarding early chip offerings, the official team previously sold 8% of the total token supply in the private sale round at a price of $0.3, raising $2.4 million in operational funds. 20% of the private sale round tokens will be released upon opening, while the remaining 80% will unlock in 20% increments every three months over the next year.

Source: Smoothy

Currently, the Smoothy protocol is running on Ethereum and BSC chains and has launched a two-month blind mining period, accumulating over $100 million in TVL. The Smoothy team stated that all liquidity providers will share 1-2% of the total supply, and during the public sale period from 04/21 to 04/27, all liquidity providers will receive additional 0.16%-0.32% SMTY token rewards, as well as interest income from the Vault (Venus on BSC and Yearn on ETH). The team will release token distribution information for liquidity providers after the public sale ends.