Dubai, UAE – In the dynamic world of cryptocurrency, Smoovie Phone ($SP) on the Sanko Chain is breaking new ground by merging decentralized finance (DeFi) and GameFi. This innovative approach not only drives user engagement but also enhances token utility and ecosystem growth. The $SP token, designed with deflationary tokenomics, immersive mini-games, and advanced DeFi solutions, is strategically positioned to deliver long-term value to holders. Through this unique ecosystem, Smoovie Phone aims to reach over $1,000,000 in protocol revenue, distributing it to holders via single-sided staking.
$SP Launches Decentralized Parlay Platform on Arbitrum, Leveraging Stylus for Enhanced Performance and Real-Time Odds Integration:
$SP is excited to announce the development of its innovative Decentralized Parlay Platform (DPP) on @Arbitrum, utilizing the advanced capabilities of Stylus. Stylus is a cutting-edge technology that enables developers to write
smart contracts in popular programming languages like Rust, C, and C++,which compile to WebAssembly (WASM). This approach allows for faster execution and lower gas fees compared to traditional Solidity contracts, while maintaining full interoperability with the Ethereum Virtual Machine (EVM).
Arbitrum Docs
By integrating Stylus, $SP’s DPP offers users a seamless and efficient platform to create multi-event parlay bets using real-time odds from Polymarket and a dedicated sports betting API. This ensures that bettors have access to the most current information when crafting their parlay slips.
Additionally, the DPP introduces a unique opportunity for users to assume the role of the bank by staking $ETH deposits. In this position, users earn premiums paid by bettors on each parlay slip, resulting in a robust and sustainable annual percentage yield (APY) on their staked funds. This decentralized model empowers users to earn attractive returns by providing liquidity to the platform, all within a secure and trustless framework.
The combination of Stylus’s enhanced performance and the DPP’s innovative features marks a significant advancement in decentralized finance, merging blockchain technology with real-time event forecasting. $SP is thrilled todeliver this high-reward, transparent betting experience for crypto and event forecasting enthusiasts alike.
$SP Expands Cross-Chain Prediction Markets on Arbitrum, Base, and Ethereum Mainnet
In addition to the Sanko Chain developments, $SP is expanding its cross-chain presence by launching prediction markets across multiple blockchain networks. This strategic expansion aims to increase accessibility within the decentralized finance ecosystem by catering to users across popular blockchain networks.
The “Arbitrum Predicts” platform is already live and accessible at arbitrumpredicts.com and arbitrum420.com, allowing users to participate in short-term prediction games with $ARB and $BOOP tokens.
Cross-Chain Prediction Markets with Base Predicts and Ethereum Predicts Now Live
$SP is thrilled to announce that Base Predicts and Ethereum Predicts platforms are now live and accessible at basepredicts.com and ethereumpredicts.com, respectively. These prediction markets allow users to engage with popular tokens on both Base Chain and Ethereum Mainnet, offering unique community-driven experiences and enhancing accessibility in the decentralized finance (DeFi) ecosystem.
On Base Predicts and Ethereum Predicts, users now have the ability to create their own prediction markets and earn 10% of the protocol revenue generated from their respective pools. This revenue-sharing model incentivizes user participation and rewards creators for their engagement and contributions to the platform. A live chat linking $SP Dapps across all chains is now active.
For those interested in a fast-paced prediction experience, the short-term markets Base420 and Ethereum420 are live at base420.xyz and ethereum420.com, respectively. These platforms allow users to participate in quick, time-sensitive prediction games with tokens tailored to each network, such as $MOG, $SPX, $degen, and $Bitcoin (HarryPotterObamaSonicInu) on Base, and $Pepe and $Apu on Ethereum.
OTC.Meme for Cross-Chain, P2P Token Swaps
$SP’s OverTheCounter.Meme (OTC.Meme) platform, available on Arbitrum and Sanko Chain, enables P2P token swaps that are entirely trustless and slippage-free. OTC.Meme supports unique NFT-backed positions generated through leveraged plays on $SP’s Leverage Machine, Prediction Markets, and the Decentralized Parlay Platform (DPP). Users can seamlessly trade these NFTs representing parlay slips, prediction positions, and leveraged stakes, enhancing flexibility within the DeFi ecosystem.
Furthermore, OTC.Meme is evolving into a chain-agnostic platform, allowing both intra-chain and inter-chain swaps across all networks where $SP’s dApps are live, creating a unified marketplace for digital assets. This expansion will empower users to trade assets on a truly cross-chain marketplace, breaking network barriers and maximizing liquidity.
$SP Launches on Ape Chain: Introducing Apes Predict and Ape 420
Building on its cross-chain expansion, $SP is excited to announce the launch of two new short-term prediction markets on Ape Chain—Apes Predict and Ape
420. These platforms allow users to engage in binary options and prediction markets using $APE Coin as the primary currency. Users can participate in high-stakes, time-sensitive prediction games, adding a thrilling new dimension to Ape Chain’s DeFi landscape or users can create their own Predictions Markets and benefit from a portion of protocol revenue generated by their markets.
A key feature of Apes Predict and Ape 420 is their deflationary impact on the Ape ecosystem: 50% of the protocol revenue generated by these dApps will be directed toward burning $APE Coin, reducing the circulating supply and supporting long-term value for $APE holders. This integration brings fresh utility to Ape Coin and introduces high-engagement prediction gaming to Ape Chain users.
Key Features of the Expansion
● Cross-Chain Accessibility: Hosting prediction markets across multiple chains enables users to participate without the need to switch networks, ensuring seamless access to decentralized prediction markets.
● Diverse Token Options: Each platform supports a unique set of tokens aligned with its respective community and ecosystem, offering users a choice in wagering.
Redefining Crypto with a Three-Pronged Approach
Smoovie Phone’s unique DeFi strategy revolves around three core pillars:
1. Deflationary Tokenomics Smoovie Phone leverages deflationary mechanisms, reducing $SP’s circulating supply to enhance long-term value. Users engage in mini-games, staking, and interactive applications, channeling tokens into burn wallets and promoting scarcity. Access begins with the Smoove Mobile Sim Card NFT, which provides exclusive access to mini-games like an enhanced version of the popular “Snake” game. Every game interaction with $SP tokens contributes to its deflationary model, ensuring a steady value increase as the token supply shrinks.
2. Building Community and Accessibility with Live Chat and The Oasis: $SP’s Immersive Approach
$SP’s ecosystem is designed to foster an engaging and interactive community across all its decentralized applications (dApps). To achieve this, every $SP dApp, from prediction markets to mini-games, features a live chat function that allows users to connect, share strategies, and discuss market trends in real time. This live chat feature enhances the social experience and brings users closer together, building a sense of community as they participate in $SP’s DeFi and GameFi offerings.
At the core of this community-building approach is The Oasis, an immersive 3D universe where $SP holders can explore and interact. The Oasis serves as a virtual hub where users can seamlessly access all $SP dApps and mini-games. Here, $SP holders can gather, communicate, and navigate through various DeFi applications and gaming experiences, creating a unified and visually engaging ecosystem. The 3D environment allows users to enter each dApp and mini-game as if they’re exploring a connected virtual world, enhancing both the user experience and the sense of community.
The Oasis embodies $SP’s mission to make DeFi and GameFi accessible, engaging, and community-centered. By offering this interactive space for holders to explore and communicate, $SP strengthens its ecosystem, ensuring that the journey is as rewarding socially as it is financially. This combination of live interaction, community-driven design, and immersive technology makes $SP a truly unique and inviting platform for all crypto enthusiasts.
3. Revenue Generation: A Key Feature Driving $SP Ecosystem Growth
A fundamental aspect of the $SP ecosystem is sustainable revenue generation across all DeFi dApps, supporting long-term value for token holders. Every $SP application, including Base Predicts, Ethereum Predicts, and leveragemachine.xyz, incurs protocol fees on transactions, which are strategically directed back to Sanko Chain for $SP buybacks.
These buybacks contribute directly to the staking pools, offering an ongoing reward stream for users who stake $SP. This model not only ensures a consistent revenue flow but also reinforces the deflationary mechanics of $SP by supporting the token’s scarcity over time. Throug this approach, $SP aligns incentives across its ecosystem, rewarding both participants in DeFi applications and long-term token holders.
By utilizing protocol fees in this manner, $SP establishes a sustainable and self-reinforcing ecosystem on Sanko Chain that benefits all users engaged in its dApps. This focus on revenue generation and distribution sets a strong foundation for growth and value creation, making $SP a robust player in DeFi and GameFi.
The Smoovie Mobile Sim Card NFT Collection
Holding a Smoove Mobile Sim Card NFT unlocks special ecosystem benefits, including access to exclusive mini-games, enhanced staking rewards, and invitations to events. The total supply of the $SMS NFT is 420. The Smoove Mobile Sim Card is required to enter into $SP staking/revenue share.
How to Join the $SP Revolution
Getting started with Smoovie Phone ($SP) is easy:
● Connect a wallet compatible with Ethereum Layer 3 and the Sanko Chain. Buy $DMT and bridge to Sanko chain via Sanko.xyz/bridge
● Swap for $SP token via Camelot or Sanko Swap
● Stake or play mini-games within the ecosystem to earn rewards.
● ExploreSmoovie Phone’s suite of dApps, including the Leverage Machine and Silver Capital Vault, for an enhanced DeFi experience.
Conclusion: A New Era of DeFi and GameFi on the Sanko Chain
Smoovie Phone is redefining DeFi on Sanko Chain by merging gaming with a deflationary economic model, offering sustainable long-term value. Through its staking models, diverse mini-games, and advanced DeFi solutions, $SP is rewarding holders through unique GameFi experiences and deflationary tokenomics as well as high value staking.
For updates and community interaction, visit smooviephone.com and join the conversation on Twitter, Discord, and Telegram.
Contact details
1. Website link: https://www.smooviephone.com/
2. Company name: Smoovie Phone ($SP on Sanko Chain)
3. Contact: https://x.com/SmooviePhone
4. Country: UAE
5. City: Dubai
6. Email: [email protected]
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/11/smoovie-phone-sp-on-sanko-chain-expands-cross-chain-prediction-markets-revolutionizes-defi-with-gamefi-integration-and-launches-decentralized-parlay-platform-on-arbitrum-with-stylus-powered-real-time-odds