| General information | |
|---|---|
| Global rank: | 759 |
| Name: |
Swarm Markets |
| Symbol: | SMT |
| Current coin price (ETB): | 46.23 Br |
| Last hour: | arrow_upward0.230 % |
| Last 24 hours: | arrow_downward-2.85 % |
| Last 7 days: | 24.23 %trending_up |
| Capitalisation (ETB): | 3 815 374 282.93 Br |
| Volume 24h (ETB): | 19 005 891.76 Br |
| Available supply: | 82 522 833.00 SMT |
| Total coin supply: | -1 SMT |
| Start date: | 2017-12-09 |
Swarm Markets/Ethiopian Birr (SMT/ETB) price chart
Swarm Markets/Ethiopian Birr (SMT/ETB) capitalisation and volume charts
SmartMesh is a blockchain based underlying protocol of the Internet of Things. SmartMesh has built-in blockchain light nodes, and extends the Raiden and Lightning Networks second layer architecture network protocols allowing internet-free digital payments and transactions. Utilizing blockchain-based token incentives, SmartMesh technology allows the formation of agile, decentralized Mesh Networks that can self-repair and have higher near-field speeds and bandwidth than standard Internet connections. SmartMesh allows blockchain to break through the Internet boundary into the IoT (Internet of things) and IoE (Internet of Everything) era where all things are connected.
SMT is the absolute driving force of Spectrum, a distributed application platform. It is the main chain of the Spectrum in the SmartMesh ecosystem.
SMT tokens, however, are ERC-20 tokens and are used to incentivize SmartMesh Mesh node contributors and to purchase products and services in the SmartMesh Mesh ecosystem. When users connect their SmartMesh phone nodes to the SmartMesh mesh network, they are rewarded with the SMT tokens. The longer the user stays on the network, the more SMT that they amass on the SmartMesh Blockchain.