On November 1st, it was announced that bitSmiley, a Bitcoin DeFi infrastructure, will soon launch its token SMILE on the Ethereum network. The reason for this is that the Bitcoin blockchain infrastructure is still underdeveloped and the existing infrastructure cannot support project governance on the Bitcoin blockchain. Details of the token economics are as follows:
· Token code: SMILE
· Total token supply: 210 million
· Token standard: ERC-20
· Token use cases: governance, fee discounts, etc.
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