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Smartlink To List SMAK Token On Quipuswap June 25th

Smartlink, the decentralized escrow smart contract platform built on Tezos blockchain will list its SMAK token on the Quipuswap decentralized exchange on June 25th, between 5-6pm GMT. Users will also be able to stake the token on Smartlink’s native platform.

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Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

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Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

Smartlink

Smartlink is a Decentralized escrow platform built for web 3.0. The Smartlink ecosystem comprises of a decentralized escrow smart contract service, a marketplace 3.0, a launchpad for crypto projects, a payments module, and a payment milestone management tool.

In terms of how the escrow platform works is through a smart contract and the process is described here:

  • Smartlink provides a decentralized escrow service that allows buyers and sellers to enter enforceable escrow smart contracts in a seamless way.
  • Smartlink library offers customizable sales agreements, allowing both parties to outline the terms of the transaction.
  • The seller delivers the product or service to the buyer, who, in turn, has a specific inspection period to verify the product and approve the payment.
  • As the underlying conditions of the agreement are met, Smartlink’s escrow smart contract processes the payment.
  • Smartlink offers dispute resolution through third-party, trusted arbitrators.

It is hoped the Smartlink system will help to mesh traditional and cryptocurrency markets together in a more seemless way.

Decentralized escrow services like the Smartlink system will help to bridge the gap between traditional and cryptocurrency payments, making it easier to buy big-ticket traditional financial products with cryptocurrency.

There appears to be a number of problems that the Smartlink system can address, including the following:

  • Smartlink cuts the commission charges from 20% to 0%-1%
  • Smartlink provides an escrow and inspection period to the buyer, providing protection against fraudulent transactions.
  • A smart payment milestone management service that functions as a part of Smartlink’s escrow service.
  • Smartlink provides a reliable third-party arbitration service to ensure integrity throughout the transaction.
  • Automatic escrow transaction rewards
  • On-chain governance for voting on reward rates and critical decisions

Smartlink SMAK Token To List On Quipuswap

Yesterday, Smartlink announced the first official listing of its token, SMAK, on Tezos decentralized exchange Quipuswap on June 25, somewhere between 5:00 PM and 6:00 PM GMT.

The listing will be accompanied by the official distribution of SMAK tokens to Smartlink’s public token sale participants which closed in May, and this will occur after the listing.

It was stated:

The primary intent behind listing SMAK is to provide potential supporters with a public platform to purchase and trade SMAK tokens. This first listing will be followed by listings across different centralized and decentralized exchanges that are yet to be announced. SMAK token will serve as a utility token and the governance token within Smartlink ecosystem.

Any transactions carried out within Smartlink ecosystem using SMAK will provide a fee reduction, exemption in some cases, and staking rewards. At the same time, SMAK token holders will be able to vote on key decisions, including development proposals, and revenue strategy.

Smartlink have also announced a staking opportunity for SMAK holders, where users will be able to participate within the Smartlink platform by locking up their tokens.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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