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With the explosion of Ethereum Layer 2, modular blockchains, and parallel EVMs, the Web3 ecosystem is poised for rapid growth. While market infrastructure matures quickly, application potential accumulates. Web3 needs robust platforms to handle the trillion-dollar potential market.
What is SmartMall?
SmartMall is a Web3 intelligent application platform aimed at providing access to the metaverse with software, hardware, and technical services. As a pioneer in the Web3 era, SmartMall is building decentralized, shared, co-created, and community-governed (DAO) Web3.0 infrastructure around DeFi, NFT, GameFi, SocialFi, Digital People IP, DataFi, and other diverse ecosystems.
Core Objectives:
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SocialFi: Combining "Social to Earn," "Play to Earn," and "Invest to Earn" strategies to create sustainable social revenue.
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SmartDEX: A decentralized trading and clearing network with cross-chain interoperability and built-in dark pool trading.
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Digital People IP: AI-driven virtual human engine for immersive, interactive experiences in the metaverse.
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GameFi: Integrating with SocialFi, DID, and DeFi to create an ecosystem where users can earn while playing.
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DID (Digital Identity): Providing decentralized, self-sovereign identity management ensuring privacy and security.
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Smart Digital City: An immersive virtual world enabling human-machine collaboration and digital asset trading.
Key Innovations and Applications
SocialFi:
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Social to Earn: Users earn by subscribing to investment strategies and building social connections.
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Play to Earn: Interactive experiences for high-quality investment strategies.
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Invest to Earn: Tokenization of investment strategies to attract and engage subscribers.
SmartDEX:
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Reduces forking risk and integrates centralized and decentralized exchange markets.
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Enhances scalability and cross-chain interoperability.
Digital People IP:
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Integrates computer graphics, voice recognition, and semantic understanding.
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Provides capabilities for virtual human modeling and multi-scenario interaction.
GameFi:
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Supports issuing game-native tokens for governance and NFT transactions.
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Promotes the integration of gaming with Web3 applications.
DID (Digital Identity):
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Ensures decentralized, self-sovereign identity management with trusted data exchange.
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Provides secure, verifiable credentials for various Web3 applications.
Smart Digital City:
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Offers an immersive virtual space for human-machine collaboration and digital asset trading.
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Enables low-cost development of metaverse applications for third-party developers.
SMT Token Value and Issuance
Issuance Plan:
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Token Name: SmartMall Token (SMT)
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Protocol: ERC20
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Consensus Mechanism: POP (Proof of Participation)
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Total Issuance: 100 million
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Minting and Deflation Mechanisms: Initial minting includes DAO members and DEX whitelists, with continuous minting based on SmartMall Contribution Value Points (GUP) and a burn mechanism for creating NFTs.
Fundamental Value:
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Value Storage: Stability and gradual appreciation in volatile markets.
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Medium of Exchange: Main transaction settlement medium in Smart Digital City.
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Unit of Account: Serves as a unit of account within the SmartMall ecosystem.
Application Value:
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Cross-Chain Interoperability: Compatibility with native tokens of various public chains, enabling unified management and enhanced liquidity.
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Metaverse Applications: Used for purchasing virtual goods, rewarding users, and integrating with Digital People IP for virtual character transactions.
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Community Governance and Incentives: SMT holders participate in platform decision-making and governance.
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Support for Financial Derivatives: Serves as the underlying asset for derivatives like futures and options, enhancing liquidity and stability.
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Cross-Industry Integration: Strategic partnerships with other Web3 projects and traditional industries for seamless online-offline integration.
Development Strategy
Web3 Infrastructure (SmartMall 1.0 & 2.0):
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1.0: Establishes Web3 basic systems including a decentralized trust foundation and DAO governance mechanisms.
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2.0: Focuses on comprehensive application upgrades, expanding DAO core layers, and enhancing user experience.
Metaverse Infrastructure (SmartMall 3.0):
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Constructs and integrates metaverse infrastructure with VR/AR devices, sensors, and an operating system covering content creation and digital asset management.
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Integrates key modules like Digital People IP and GameFi into the metaverse infrastructure.
Metaverse Exploration (SmartMall 4.0):
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Establishes "Smart Digital City," an immersive virtual world integrating all SmartMall applications.
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Expands application scenarios within the metaverse, enhancing the user experience with advanced technology.
Conclusion
SmartMall is positioned to become a central player in the Web3 ecosystem, driving innovation in social networking, gaming, identity management, and digital asset trading. With its comprehensive development strategy and robust SMT token economy, SmartMall aims to unlock the full potential of the Web3 era, offering higher value and new opportunities for users and developers.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.