The SMB project has developed a simple reward token economy that was practically difficult to implement in the existing e-commerce environment, aiming to connect the real economy through a 100% digital and cryptocurrency link. In the past, OpenBazaar had a decentralized P2P trading model, but the sustainability of users' digital economy models was limited, and there was a lack of strategy for token models to attract customers. However, SMB has improved upon these issues to build real Web3 commerce. SMBWallet practically manages and controls these Web3 ecosystems, and for their expansion, it has utilized a local currency model in the form of an affiliate coin and created a foundation for its construction. The mainnet strategy based on local currency was included in the white paper, and a system was created to ensure that the listed SMB coins serve as collateral and asset exchange for the transportation of goods necessary for a global Web3 payment network.

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How to participate

Here is a step-by-step guide on how to participate in Gate Launchpool projects.

Via the exchange website

1. Go to the Gate.io website.

2. In the top menu, click on the "Startup" button and select the "Launchpool" section.

3. Then click on the ""Upcoming" (or "Going Now") tab and select the desired pool to proceed with staking and start earning tokens for the selected project.

4. Next, click on the "Stake" button. Choose the desired coin, specify the required amount, accept the terms, and click "Confirm."

Read more in the Launchpool FAQ

Via the mobile application

1. Download the official exchange application from Gate.io.

2. In the main menu, click on the "Logo," where all sections of the exchange will be visible. Then look for "Earn" and select the "Launchpool" section.

3. Then click on the "Upcoming" (or "Going Now") tab and select the desired pool to proceed with staking and start earning tokens for the selected project.

4. Next, click on the "Stake" button. Choose the desired coin, specify the required amount, accept the terms, and click "Confirm."

Terms

Stake funds and receive tokens for free.

During this period, stake USDT and SMB to receive a share of 528,572 SMB for free!

To participate in staking on Gate Launchpool, you must complete KYC verification

Exclusive USDT pool for newcomers: only new users who registered after March 16, 2025, 00:00 (MSK) are eligible for staking.

The system will take several snapshots of hourly staking amounts and use the average staking amount as the effective staking amount. Hourly staking reward = (Last 1-hour effective staking amount of an individual user / Total staking amount in the pool) × Hourly reward pool.

Token rewards will be distributed to the spot trading accounts of qualified users hourly.

Listing and pool launch occur simultaneously; earnings can be sold on the exchange daily. If you have available liquidity in USDT, join in!

Results

Actual profits may vary, as the value of coins you receive from the pool will change. Some users prefer to sell coins at the current price daily, while others may realize them at the end of the term or keep them in their portfolio. The coin price can both fall and rise. For example, you might sell a coin daily for $1, while later someone else might sell it for $2 or, conversely, for $0.5 per coin. Each person makes this decision independently. Experience shows that free coins received from pools are best sold immediately after accrual or at the start of listing if the coin will be on sale after the pool ends.

Based on the staking results, we record the following outcomes:

APR (Annual Percentage Rate) is the annual interest rate that shows the basic return on investment without taking into account the effect of compound interest. In the context of crypto investments, APR represents the simple percentage of the principal amount you will receive over a year.