SmartMesh

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Discover SmartMesh's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is SmartMesh?

SmartMesh (SMT) is a cryptocurrency token built on the Ethereum platform, designed to create a decentralized and self-organizing mesh network. It enables seamless communication and transactions, particularly in areas with limited internet access, by leveraging mesh networking technology. The SMT token incentivizes users to participate in the network, allowing them to earn rewards and facilitating secure transactions within the ecosystem.

How is SmartMesh used?

SmartMesh (SMT) is a cryptocurrency token that operates on the Ethereum platform. It is primarily used within the SmartMesh ecosystem, which focuses on building a blockchain-based underlying protocol for the Internet of Things (IoT). This protocol enables the formation of decentralized, self-repairing mesh networks that can facilitate internet-free digital payments, transactions, and communications.

Key Use Cases
  1. Internet-Free Payments:

    • In areas without internet connectivity, SmartMesh allows for peer-to-peer and multi-hop connections, enabling mobile payments even in the absence of traditional network services.
  2. Internet-Free Communications:

    • SmartMesh technology enables communication between devices without relying on traditional internet or telecom services. This is particularly useful in areas with poor network infrastructure or during emergencies where network signals are unavailable.
  3. Network Congestion Relief:

  • SmartMesh networks can alleviate network congestion by providing higher network quality and transmission speeds, making them suitable for areas with high user density or physical barriers to network stability.
Token Incentives
  • When users contribute to the mesh network by transmitting data, they are rewarded with a proportionate amount of SMT tokens. This incentivizes users to participate in building and maintaining the network.
Trading and Exchange
  • SmartMesh tokens can be traded on various exchanges, including HTX, Gate.io, and HitBTC, with the primary trading pair being SMT/USDT.
Market Information
  • The current market capitalization of SmartMesh is around $3.68 million, with a circulating supply of approximately 1.67 billion SMT tokens.

Overall, SmartMesh is designed to create a parallel network infrastructure that can operate independently of traditional internet services, providing a robust and resilient platform for IoT devices and applications.

How do I store SmartMesh?

To store SmartMesh (SMT) tokens, you have two primary options:

  1. Store on an Exchange:

    • Hold your funds on a reputable exchange like Gate, Huobi, or HitBTC. This provides convenient access to investment products and features such as spot and futures trading, staking, and lending. Ensure the exchange has strict security measures to protect your assets.
  2. Use Non-Custodial Wallets:

    • Withdraw your SmartMesh (SMT) to a non-custodial wallet, granting you complete control over your private keys. This option includes hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely to avoid losing access to your assets.

How to buy SmartMesh?

To buy SmartMesh (SMT) tokens, you can follow these steps:

Buying SmartMesh (SMT) via a Crypto Wallet
  1. Choose a Wallet: Select a reliable and reputable crypto wallet that supports SmartMesh (SMT).
  2. Download the App: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.
  3. Create a Wallet: Create a new wallet address or import an existing one. Make sure you write down the seed phrase and keep it in a secure place.
  4. Buy SmartMesh (SMT): Purchase the cryptocurrency using a supported payment method. Check the fees, as they may be higher than what exchanges charge.
  5. Swap for SmartMesh (SMT): If your wallet doesn’t support direct fiat-to-SMT purchases, you can first buy a more popular cryptocurrency like USDT and then exchange it for SmartMesh (SMT) through your crypto wallet or on a decentralized exchange.
Buying SmartMesh (SMT) on a Centralized Exchange
  1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports SmartMesh (SMT) purchases. Consider the ease of use, fee structure, and supported payment methods.
  2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings.
  3. Verify Your Identity: Complete KYC verification, which may vary based on your nationality and region.
  4. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.
  5. Buy SmartMesh (SMT): You can buy SmartMesh (SMT) using fiat currency if supported, or first purchase a popular cryptocurrency like USDT and then exchange it for SmartMesh (SMT).
Additional Options
  • P2P Trading: Certain exchanges provide a peer-to-peer service, allowing you to directly purchase SmartMesh (SMT) from other users.
  • Third-Party Payment: Various third-party payment channels are available with multiple choices.
  • Swapzone: You can also use Swapzone to exchange other cryptocurrencies for SmartMesh (SMT).
Where to Buy SmartMesh (SMT)

SmartMesh (SMT) is available on several exchanges, including Huobi, Gate.io, and HitBTC, with various trading pairs such as SMT/USDT and SMT/ETH.

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History of SmartMesh

SmartMesh (SMT) is a cryptocurrency token that operates on the Ethereum platform. It was launched in December 2017, with an initial exchange rate of $0.0297. The token has experienced significant price fluctuations over the years, with its highest price recorded in January 2018 at $0.2096 and its lowest price in June 2023 at $0.000729.

In its first year, the SMT price closed at $0.0540, which was 181.81% up from the open. The best year for SmartMesh was 2021, with an average price of $0.00458. The token has been traded on various markets, with a total supply of 3,141,592,653 SMT and a circulating supply of 1,340,519,342.76174 SMT.

SmartMesh has a fully diluted market cap of $2,758,790 and a 24-hour trading volume of $100,899. The token's market cap has varied over time, with a peak of $1,177,177 in the past. The token's historical data is available from December 2017, providing insights into its price trends and market performance.

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How SmartMesh works

SmartMesh (SMT) is a cryptocurrency that operates within a decentralized mesh network infrastructure. This network is designed to enable communication and data transfer between devices without relying on the traditional internet or telecom services. Here's how it works:

Key Components
  1. Mesh Network: SmartMesh builds peer-to-peer (P2P) mesh networks using intelligent hardware, software, and protocols. These networks run parallel to the internet and allow data traffic to stay locally within the mesh, conserving resources and reducing data leaks.

  2. Blockchain and Tokens: The SmartMesh ecosystem is based on tokenized blockchain incentive mechanisms. The SMT token is a virtual currency used for circulation within the network. It incentivizes users to participate in the network by rewarding them with tokens for sharing their smartphones to build the global mesh.

  3. Node Functionality: Each device in the mesh network acts as a data relay, and data packets hop through the best path to reach their intended destination. This creates a robust, private, and resilient network.

  1. Micropayments: SmartMesh extends the Raiden network protocol for token-based internet-free crypto micropayments on the mesh network. This allows for secure and efficient transactions within the network.
How It Works
  1. Node Participation: Users participate in the network by sharing their smartphones, which become nodes in the mesh. These nodes earn SMT tokens by relaying data packets.

  2. Data Transfer: When a user wants to send data, the SMT tokens are consumed to facilitate the transfer. The data packets are routed through the best path in the mesh network to reach their destination.

  3. Token Incentives: The nodes that relay the data packets earn SMT tokens as a reward. This incentivizes users to continue participating in the network, ensuring its growth and resilience.

  1. Offline Payments: SmartMesh Offline Payments allow for cryptocurrency trading even when the internet is unavailable. This is made possible by the mobile Lightning node technologies integrated into the network.
Use Cases

SmartMesh has a wide range of potential applications, including:

  • Decentralized Communications: SmartMesh enables secure and private communication between devices without relying on central servers or the internet.
  • IoT Ecosystem: SmartMesh can be used to connect and manage IoT devices, creating a more efficient and decentralized IoT ecosystem.
  • Fintech and Micropayments: The token-based micropayment system allows for secure and efficient transactions within the network.

Overall, SmartMesh (SMT) works by creating a decentralized mesh network that rewards users with tokens for participating and relaying data. This incentivized network enables secure, private, and efficient communication and transactions, even without internet connectivity.

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SmartMesh's strengths

The token SmartMesh (SMT) has several strengths that contribute to its potential value and utility:

  1. Incentivizing Node Contributors: SMT is used to incentivize contributors to the SmartMesh mesh network by rewarding them with tokens for sharing their smartphone bandwidth. This encourages users to participate in the network, increasing its robustness and resilience.

  2. Decentralized Platform: SmartMesh is built on a decentralized platform, Spectrum, which allows for off-internet transactions and communications. This decentralized architecture ensures that data traffic remains within the mesh network, reducing the risk of central server breaches and conserving resources.

  3. Micropayments and Token Incentives: The SmartMesh protocol enables micropayments through token incentives, which are essential for maintaining the network's integrity and encouraging user participation. These incentives are distributed to node contributors based on their contributions to the network.

  1. Robust Network Infrastructure: SmartMesh's mesh network infrastructure is designed to be robust, private, and resilient. It allows for multi-hop connections, enabling data to hop through the best path to reach its destination, even in areas with poor network connectivity.

  2. Internet-Free Payments and Communications: SmartMesh technology enables internet-free mobile payments and communications, making it particularly useful in areas with limited or no internet access. This feature has significant potential for improving connectivity in underserved regions.

  3. Compatibility and Integration: SmartMesh is compatible with various mainstream platforms and extends the functionality of Raiden and Lightning Networks, allowing for seamless integration with existing blockchain infrastructure.

These strengths position SmartMesh as a promising project with a unique value proposition, particularly in the realm of decentralized networks and IoT applications.

SmartMesh's risks

SmartMesh (SMT) is a blockchain-based cryptocurrency project focused on the Internet of Things (IoT) and Internet of Everything (IoE). It aims to create decentralized, self-repairing mesh networks that enable secure, fast, and convenient transactions and communications without relying on the internet.

Risk Analysis

SmartMesh has been evaluated to have a relatively low risk score, indicating it is a relatively stable investment. This assessment is based on factors such as the amount of money required to shift its price over a 24-hour period, recent changes in volume and market capitalization, and other proprietary metrics. A lower risk score suggests that the token is less susceptible to significant price manipulation.

Investment Risks

Trading in financial instruments, including cryptocurrencies like SmartMesh, involves high risks. Investors may lose some or all of their investment amount due to market volatility and other factors. It is essential to understand these risks and conduct thorough research before investing in SmartMesh or any other cryptocurrency.

Token Incentives and Ecosystem

SmartMesh operates on a token incentive system, where contributors to the mesh network are rewarded with SMT tokens. This encourages the formation of decentralized mesh networks that can self-repair and provide higher speeds and bandwidth than traditional internet connections. The ecosystem includes various components such as Spectrum, SmartRaiden, and the SmartMesh Protocol, which work together to enable off-internet transactions and communications.

Applications and Benefits

SmartMesh has several practical applications, including internet-free mobile payments and communications. It can form mesh networks in areas without internet or telecom services, enabling secure transactions and data transfer. Additionally, it can alleviate network congestion and provide higher network quality and transmission speeds.

Roadmap and Development

SmartMesh has a roadmap for development, which includes upgrading its main network, publishing MakerDAO and DEX on its mainnet, and optimizing transaction speeds. These developments aim to enhance the stability and usability of the SmartMesh ecosystem.

Overall, while SmartMesh has a relatively low risk score, it is crucial to understand the general risks associated with investing in cryptocurrencies and to stay informed about the project's development and market trends.

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Did SmartMesh raise funds?

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SmartMesh’s team

  • Henry Wang: Founder and CEO of SmartMesh, also the mastermind behind Metalife PR and LingoAI.
  • Maxim Prishchepo: Architect of SmartMesh.
  • Paul Gardner-Stephen: Senior Research Scientist at SmartMesh.
  • Ashton Addison: Chief Marketing Strategist for SmartMesh.
  • Matthew Lloyd: Expert in Disaster Telecommunications at SmartMesh.
  • Bingyang Li: Chief Operating Officer (COO) of SmartMesh.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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