Smart Reward Token or SRT (SRT/USDT – Trade it here) serves the function to power the development of a SRT platform and the creation of an ecosystem based on it. The Smart Rewards Token platform recognizes that consumers are productive beings that can receive incentives for their existence and intends to contribute to the consumer economy through ‘small reward processing’ that has been overlooked. It is based on more detailed targeting by merging the data of consumers’ online and offline consumption into one.
In addition, the Smart Rewards Token platform will be used on the Cash.Fi Service of partner company DANBI, an action-based reward mobile application that is an advertising platform that improves the technically backward areas of offline advertising.
This article explores the core features, related projects, and overall tokenomics of Smart Reward plus ways of how to buy SRT on MEXC.
SRT Core Features
Smart Reward Token (SRT) is an ERC-20 swapping utility token in the Cash.Fi ecosystem. SRT holders are able to claim rewards through our play-to-earn features. The primary way that users are able to earn SRT is by submitting check-ins to be reviewed for quality; and posts with high-quality photos and captions are rewarded with SRT.
The goal of SRT is to align incentives between Cash.Fi users and local businesses in new, novel ways. This alignment occurs because:
- Users are rewarded for exploring and documenting with Cash.Fi, while simultaneously being incentivized to hold on to their earned tokens to claim even more rewards.
- Local businesses are rewarded when people explore them, with the opportunity to have both increased sales and earn SRT when Cash.Fi users go there.
Participating businesses will be able to provide discounts to Cash.Fi users in the form of spending token to get some % discount on their purchase. For example, if a user spends SRT at a coffee shop, the user may be able to get 5% off and the used tokens are transferred to the business. The difference of the original price will be made up later by team Cash.Fi.
Businesses will be able to offer SRT rewards when people come to shop at times when they want more customers (e.g. businesses are usually slower in the early afternoon after the lunch rush and before dinner, so they can incentivize Cash.Fi visitors to come by doing such as happy hours with SRT drops). Businesses pay the user.
A give/get model will be used to increase the number of local businesses participating on Cash.Fi platform. Businesses will be able to give another business X SRT for signing up, and get an equal amount of SRT in return. These tokens come from the treasury and will be capped at X amount of referrals.
Tools for local businesses to easily do their own NFT drops will be provided. For example, a coffee shop could drop a collection of 100 NFTs for 0.2ETH and say that everyone who holds the NFT gets a free coffee each day. The business will receive the initial funds from the NFT sale and then continuous royalties as people trade and assign new value to a free coffee each day. Users pay the business and receive a digital collectible with utility in return.
The Smart Reward Token platform ecosystem is expected to secure many stores and consumers from the beginning as DANBI participates as a major partner company. It is essential to secure as many partners as possible in order to create a smart reward token platform ecosystem, DANBI points to offline small and medium-sized stores as the biggest partner to use and expand related services.
Cash.Fi from SRT Ecosystem
Cash.Fi turns daily life into game-like experiences. This will allow the users to share more clear experiences with the community in the real world. Cash.Fi is built on a decentralized ledger for digital collectible ownership and ERC20 token called SRT which is issued by the Foundation of SR Corporation. Cash.Fi users’ incentives will be rewarded by SRTs and NFTs, which means the value could be added by the growth of the ecosystem. Participating businesses will be looking forward to having more customers by various ways of incentivizing Cash.Fi users. As Cash.Fi becomes more active and established, businesses will have a better perception of how they would manage and enhance their businesses.
Team SRT will cooperate with Team Cahs.FI to take a play-to-earn-to-hold approach, meaning that SRT is deeply aware of the importance of giving users ways to use SRT in the ecosystem rather than cash them out for local currency.
The total number of tokens to be issued is expected to be 800 million, and 25% of the total tokens to be issued will be paid to participants in the private sale during the token creation event.
11% will be used in marketing, 4% for operation, 10% and 1% will be distributed to the team and the advisers. 9% of the tokens will be distributed to development and 13% will be distributed to the ecosystem for maintenance purposes, 35% is allocated for private sale, 11% will be distributed to partners, 5% is for early contributors, and 1% is set on the Bounty, which is paid as a bonus to users.
How to buy SRT?
You can buy SRT on MEXC following the steps:
- Search “SRT” using the search bar to see the available trading pairs. Take SRT/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of SRT you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy SRT] to confirm your order. You will find the purchased SRT in your Spot Wallet.
For the comprehensive guide on how to buy SRT and other available tokens, please visit special MEXC How to Buy Guides Section.
Recent SRT Token Price & Performance
Since listed on MEXC in 2022, SRT reached the highest price (ATH) of 0.128 USDT in April 2021. In the past 30 days at the time of writing, the highest price of SRT is 0.02 USDT and the lowest price is 0.004 USDT.
Interested in crypto like SRT?
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