- First centralized listing for SMT in roadmap
- Retail users now have more ways to buy RWA coin
Swarm, a regulated DeFi platform, today announces its payment token, $SMT, will make its first listing tomorrow, Friday 08 December, on a centralized exchange, MEXC, giving more people access to the token that is linked to the tokenization of real-world assets narrative.
Swarm is a regulated blockchain platform that brings unique tokenization and trading solutions to the world of traditional finance. It is the first organization in the world to offer digitized US treasury bills and Apple stock via a regulated and decentralized platform. The $SMT token facilitates efficient payments on the Swarm platform and powers incentive mechanisms, including fee discounts for traders and boosted rewards for liquidity providers.
Timo Lehes, co-founder of Swarm said, “Not everyone in crypto is DeFi-literate and that’s why we are pleased to have the coin list on MEXC, making it easier for more people to buy the token. Until now $SMT could only be purchased via decentralized exchanges like Uniswap, and on our regulated trading platform: app.swarm.com. Our community has asked us to list $SMT on a reputable centralized exchange and we have delivered.”
MEXC is a centralized crypto exchange that provides access to spot, margin and futures trading founded in 2018. It is a top 20 crypto exchange based on traffic, liquidity, trading volumes, according to data from CoinMarketCap. It offers users some of the lowest trading fees in the market, reducing barriers to entry. MEXC has launched a kickstarter campaign where $20,000 worth of $SMT are up for grabs.
Philipp Pieper, co-founder of Swarm, said “$SMT is uniquely positioned to take advantage of the RWA tokenization narrative that is really starting to take off. Our team has been busy building crucial trading infrastructure during the crypto bear market. We were one of the first platforms to launch tokenized t-bills and publicly-listed US stocks in February 2023, have continued to build throughout the 2023 bear market and have more developments in the pipeline for 2024 and beyond, as more retail investors and institutions move into this space.”
About SMT
For tokenomics and distribution, visit the SMT docs page.
Deflationary measures and increased utility for $SMT were introduced in April 2023. You can find more details here.
In August 2023, we announced that SMT holders will be able to stake their tokens against the tokenized securities listed on the Swarm trading platform to earn rewards. Read about staking here.
For market cap and total circulating supply figures, visit CoinMarketCap.
About Swarm
Swarm is a blockchain platform that brings unique digitization and trading solutions to the world of traditional finance. It is the first organization in the world to offer digitized US treasury bills and Apple stock via a regulated and decentralized platform.
Day to day, we work with real-world-asset owners to tokenize collateral and build trading infrastructure in a regulatory compliant way. Issuers that need compliance guarantees from a top tier jurisdiction to build secondary markets of tokenized securities, including fixed income products, choose to partner Swarm.
Regulated by BaFin in Germany, Swarm is a hybrid, embracing the advantages of blockchain-trading — flexibility, speed and efficiency — and pairing it with the trust and asset-range typically enjoyed by traditional exchanges. Swarm aims to integrate TradFi with DeFi so that everything becomes “Fi”. For more information, visit the website.
