Aug 11, 2021
By: Smile Coin
Smile Coin, part of the growing defi ecosystem on Algorand, has launched the first-ever decentralized gaming portfolio and payment processing to transform the way businesses and users transact on gaming apps.
Smile Coin (SMILE) is on a mission to decentralize gaming activity by enabling users to view, manage, and track their gaming activity on an open, public infrastructure. The blockchain-based network will create a decentralized platform for gamers to manage and control the use of their gaming data and leverage AI-tools to optimize performance. Their offerings will also include streamlined financing for gaming companies and alternatives for payment processing
Smile Coin is built by a team of passionate and committed systems designers, engineers, cryptographers, solutions architects, and researchers. Founded in 2021 by Nick Bucheleres, Taj Tarsha, and Robert Burden, it was created to solve high fees, slow payment processing, and unfair domestic banking regulations in the gaming industry. Solving for these will transform the way gaming businesses and gamers transact in burgeoning digital gaming economies.
Smile Coin began developing its application on Ethereum, but ran into challenges on scaling in order to meet the needs of the massive gaming industry. The Smile Coin team elected to migrate its project to Algorand in order to provide users with a faster, more cost-effective, and fully decentralized transaction platform. Algorand has seen an increase in defi teams leveraging its high performing network that also has a simple deployment model with the Algorand Virtual Machine (AVM).
“Smile Coin empowers gaming companies to seamlessly transact without the roadblocks of onerous payment processing and gives users tools to optimize their profits. Algorand’s cost-effective, scalable, and secure blockchain is the optimal platform to onboard gaming partners within the ecosystem and act as a bridge to larger non-native blockchain games that want to take full advantageof DeFi.” - Nick Bucheleres, Co-Founder and Chairman
Smile Coin will offer a suite of DeFi products and tools to power the future of gaming that include:
Set to launch in Q4 of 2021, the release of the Smile Transaction Ledger dApp will be the first stage before bridging and scaling for the project in 2022. Follow along their roadmap and stay up-to-date with developer news on Reddit.
For more information, visit https://smilecoin.us/.