SMASH meaning in Cryptocurrency ?

Answer:

What Is SmashCash?

SmashCash enables users to send transactions between two wallets privately and anonymously. SmashCash supports 10 blockchains and 15 tokens bringing privacy to nearly every major blockchain. A revolution in cryptocurrency privacy.

SmashCash Platform allows you to detach the primary link between the origin wallet and destination wallet using the zk-SNARKS algorithm. The currency is non-custodial which means that smart contracts, as well as the funds, aren't owned or ‘in custody’ by a third-party or a platform at any point during the service period. InterPlanetary File System (IPFS) hosting guarantees there is no single point failure of the platform. In short no one can take down the platform. SmashCash also has open source and audited code.

Users can also stake SMASH and earn rewards in SMASH tokens. To stake, you don’t need any particular hardware or device. You can do it directly from your phone or PC. Stake SMASH to passively make money from your tokens.

SmashCash is founded on the belief that it is your basic human right to control your money, data and identity. We believe that decentralization holds the key to empowering people around the world to better safeguard their rights, and that we are helping the world move in this direction by accelerating the transition to adopting cryptocurrency.

How does SmashCash work?

A user generates a private key by depositing Ether, ADA, DOT, BNB or any of 15 supported tokens along with submitting a hash of the note to the Smash Cash smart contract. Once the funds are deposited, the user is required to wait for some time so the privacy of the withdrawal is improved. Better privacy is directly proportional to the wait time. Now the user can submit a proof that they possess a valid key to one of the deposit notes and the smart contracts releases the funds to the recipient. Make sure you submit the note to the respective contract.

SmashCash staking is currently live on Harmonized as well: https://app.harmonized.org/pools

How many SMASH Coins Are There in Circulation?

SmashCash launched on December 6, 2021 with a fixed supply of 1 billion tokens created at genesis. The circulating supply of tokens is 139 million.

Who Are the Founders of SMASH?

The SMASH team consists of cryptocurrency marketers and developers. The team has done KYC with Certik and Pinksale launchpad. Due to the nature of being a privacy coin, the team is not public.

SmashCash was created to enable private and anonymous transactions on many blockchains.

Where Can I Buy SmashCash (SMASH)?

SMASH is available for trading on Binance Smart Chain via the Pancakeswap DEX.

PancakeSwap: https://coinmarketcap.com/exchanges/pancakeswap-v2/ offers swaps on Binance Smart Chain (BSC).

New to cryptocurrency? Read CoinMarketCap’s easy guide:https://coinmarketcap.com/how-to-buy-bitcoin/ to buying Bitcoin or any other token.

reference

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