SMT is a payment token based on the ERC20 protocol on the Ethereum blockchain. SMT facilitates simplified transactions and provides a discount and reward mechanism for Swarm.
Get a 50% discount on all protocol fees paid with SMT.*
Get the biggest swapping gains when paying with SMT.
*protocol discounts using SMT are not available on dOTC
Rewards are boosted for those wallets that hold SMT.
The more SMT you hold, the higher your rewards.
Loyalty Rewards are paid out weekly based on the value ratio of SMT held to all your assets deposited in Swarm.