What Is Skate Metaverse (SMC)? Complete Guide & Review About Skate Metaverse

What Is Skate Metaverse Coin(SMC)?

Skate Metaverse is a brand-new WEB 3 lifestyle application that combines NFT, DeFi, and Game-fi components in order to provide its customers with an experience that is really breathtaking. You may receive your ticket into the SMC metaverse and get started on your skating voyage by purchasing a roller-skate NFT.

You may either engage in fierce competition to make it to the top of the leaderboards in Skating or you can just enter the Metaverse to live out your skating adventure. You may use the platform’s DeFi products to generate money in a variety of various ways, including by staking your tokens and NFTs.

Skate Metaverse Coin is a brand-new WEB 3 lifestyle APP with NFT, DeFi and Game-fi elements to create a truly stunning experience for its users. Buy yourself a roller-skate NFT to get your ticket to the SMC metaverse and start your skating journey. Battle your way to the top of the skating leaderboards or simply enter the Metaverse to realize your skating experience. Stake your tokens and awesome NFTs for a different way to earn using the platform’s DeFi products.

Important Points Table Of Skate Metaverse Coin

How to Buy the Continental & Trade On Exchange?

Ecosystem

GameFi

Combining cool NFT with DeFi to produce a seamless GameFi experience.

Play Easily

Enjoy a great gaming experience even in spare time.

Skate to earn

Earn profits in many ways, such as yield farming, NFT trading and playing.

Skate Metaverse

Enjoy opening mystery boxes under a transparent and fair mechanism Yield aggregator makes GameFi more profitable NFT yield farming enables frictionless flow of NFT in the DeFi world Liquidity mining accelerator with your NFTs NFT marketplace enables free trade of NFT assets.

SKATE TO EARN

Enjoy a riveting skate-to-earn experience in your spare time. 8888 pairs of skates and 888 rinks are tradable in the skate Metaverse. NFT Market – Players can buy or sell their skates or skating rinks in the NFT Market. Use fancy skates and magnificent rinks to decorate your character and get you to the top of the skating boards for the highest honour. In addition to these, we hope to build a skate metaverse where players worldwide can communicate, compete, play relaxed, and share trophies with each other.

Simulation Game

Buy skating rinks in the skate metaverse, become the owner, and decorate your own rinks.
Players can get great rewards by renting out and selling their rinks, and they can organise teams to perform and compete to earn rewards at the skating rinks belonging to others.

What is SMC?

Skate Metaverse Coin (SMC) is a key component of the Skate decentralized game economy. It incentivizes players who actively interact with our game and rewards developers who contribute to the development of the game.

Currency of The Game Economy

Reward for Playing and Staking

Decentralized Governance

LP Farms

LP Farm is going to automatically generate a big number of $SMC rewards on a daily basis. These rewards are going to be given to those who stake BNB/SMC LP in order to establish a robust liquidity pool for the project. The sooner you place a stake and the fewer individuals who participate, the more $SMC you will get.

Yield Farming

How does yield farming work?

There are two main styles of yield farming opportunities: LP farms and staking farms. Fundamentally, both of these farming opportunities entail users depositing cryptocurrency into smart contracts. The differentiating factor is the type of smart contract involved. LP farms

In an LP farm, a user deposits crypto into a smart contract that programmably facilitates a liquidity pool. Such a pool functions as a decentralized trading pair between two, or sometimes more, cryptocurrencies, and the trading is made possible by the crypto supplied by LPs.

In exchange for deposits, DeFi apps reward LPs with what are called LP tokens — e.g. SLP tokens for Sushi liquidity providers. These tokens can be used to retrieve your underlying deposits from the liquidity pool at any time plus any interest you’ve accrued by way of trading fees.

How does yield farming work?

There are two main styles of yield farming opportunities: LP farms and staking farms.

Fundamentally, both of these farming opportunities entail users depositing cryptocurrency into smart contracts. The differentiating factor is the type of smart contract involved. LP farms

In an LP farm, a user deposits crypto into a smart contract that programmably facilitates a liquidity pool. Such a pool functions as a decentralized trading pair between two, or sometimes more, cryptocurrencies, and the trading is made possible by the crypto supplied by LPs.

In exchange for deposits, DeFi apps reward LPs with what are called LP tokens — e.g. SLP tokens for Sushi liquidity providers. These tokens can be used to retrieve your underlying deposits from the liquidity pool at any time plus any interest you’ve accrued by way of trading fees.

These LP tokens are important, because DeFi apps that run liquidity mining programs set up “staking” interfaces for depositing these LP tokens. This locks in your liquidity and automatically and continuously earns you governance token rewards for as long as your LP tokens are staked.