The Smartfi community is making crypto wealth creation simple, smart & safe for everyone.
The SmartFi team started out as large scale energy infrastructure developers, operating out of Utah. They quickly found demand from cryptocurrency mining facilities and by 2017 the team had set up under the name Power Block Coin.
During bear markets the team found that many miners who had re-invested in new mining equipment became unprofitable almost overnight. The company found demand for crypto-collateralized loans to help miners continue to operate through these times. The highly volatile business of crypto meant that miners needed a hedge and the loans provided that.
The experience gained through supporting mining operations gave the SmartFi team a fresh approach to how best to serve the market. Miners didn’t just need a hedge, they needed to be taken into account in the design. This is what SmartFi did and the result is the SmartFi blockchain, where miners hashrate and other inputs are built into the system to provide better price discovery and to control the supply of coin.
In addition the SmartFi platform has expanded to offer a full suite of tools to both miners and regular crypto users. SmartFi portal lets you earn, trade, lend and borrow within one place.
Because it is an independent blockchain it offers the ability to create derivatives of any asset, digitize it, decentralize it and now speculate or hedge it with exact correlations. SmartFi is the ecosystem where using cryptocurrency is like tying your shoes. SmartFi’s mission is to empower every user with the opportunity for generating crypto wealth.
The strategies, processes and tools of the current cryptocurrency landscape are sometimes complex, restrictive and risky. SmartFi is providing users with a new range of options, to give them more flexibility, more control and will open up new opportunities to customers worldwide.
- Aaron Tilton, CEO
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