Question 1

What Is Symmetry (SMF)?

Accepted Answer

Symmetry Finance is a decentralized index protocol built on the Solana blockchain. The project allows users to invest several tokens simultaneously with the Index token, as well as create their own Index with a weight between tokens.

Why Solana? As we know, a significant percentage of[ DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) app developers choose the[ Ethereum](https://coinmarketcap.com/currencies/ethereum/https://coinmarketcap.com/currencies/ethereum/) blockchain. The Symmetry team took a different path and opted for an alternative chain — Solana. The Solana ecosystem has shown rapid growth lately, and more projects want to test its architecture. This decentralized option offers benefits like lower fees and faster transaction times. Furthermore, Symmetry Finance allows users to diversify their portfolios and maximize passive income easily. By creating their project on Solana, the Symmetry team attracts attention from the smaller community and claims to be supported by the Solana Foundation itself.

The project development[ Roadmap](https://symmetry.fi/roadmap) dates back to Q2 2021, and the list of partners includes Alameda Research, Coin98 Ventures, GBV Capital, Rarestone Capital, and ROK Capital.

Question 2

Who Are the Founders of Symmetry?

Accepted Answer

A group of anonymous developers launched Symmetry Finance. As of June 2021, Symmetry hasn't announced any names, but they clarified that their project team has more than five members. Additionally, they claim all participants have an academic background in computer science.

Question 3

What Makes Symmetry (SMF) Unique?

Accepted Answer

Symmetry makes it easy to create and invest in crypto indices. The creators describe their project as innovative and state the following benefits:

* Users can easily manage portfolios and maximize passive income;
* Users can invest in several tokens in the same sector;
* Create and buy your own indices (baskets of tokens with different weights);
* Reduces risk and increases stability in unstable conditions.

A built-in analytics tool, Index Simulator, has been added to the Symmetry Finance functionality, which creates a way users can simulate and test the performance of new index tokens based on the collected historical data.

The community has played a key role in the growth of the Symmetry protocol. As we have already defined, indeсes on the platform can be created by anyone, so Symmetry aims to incentivize users to create the most efficient ones. The incentives for users are commission rewards generated from using the created indices. The leaderboard of index creators is published on the platform, and the top-performing indexes are displayed on the main dashboard.

Question 4

How Many Symmetry (SMF) Coins Are There in Circulation?

Accepted Answer

[SMF](https://coinmarketcap.com/currencies/symmetry/) is the native governance and utility token of Symmetry Finance, which is designed to govern the protocol, pay deployment & purchase fees, and strengthen the ecosystem in general. Token holders have an option to vote (or propose) on Index token changes, plus SMF encourages users to provide liquidity to the protocol. The rest of the capabilities and functions of the SMF token will be added (and announced) when the Mainnet launches.

At the beginning of June 2021, there is still no confirmed information on the maximum supply of SMF tokens, their distribution, or confirmed sale dates. However, according to the developers' predictions (the roadmap on the company's official website), the open sale of tokens and the Mainnet launch is scheduled for Q2-Q3 2021.

Question 5

How Is the Symmetry Secured?

Accepted Answer

Symmetry Finance is a Solana-based decentralized index protocol, which means that the role of the protector is performed by Solana and its consensus mechanisms — proof-of-history (PoH) and proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake)). PoH is responsible for a huge proportion of transaction processing and ensures the reliability of the blockchain. And PoS, in turn, is used as a monitoring tool for PoH processes.

Question 6

Where Can You Buy Symmetry (SMF)?

Accepted Answer

As of June 2021, there is no published data on the upcoming[ ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-icohttps://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico). But stay informed with the CoinMarketCap[ crypto calendar](https://coinmarketcap.com/events/). You can learn how to buy Bitcoin and other cryptocurrencies with[ our comprehensive guide](https://coinmarketcap.com/how-to-buy-bitcoin/) as well.

[Click here](https://coinmarketcap.com/alexandria/categories/blog) and increase your knowledge of crypto with the CMC blog.

Symmetry कीमत
SMF

Symmetry community

Symmetry न्यूज

Symmetry के बारे में

What Is Symmetry (SMF)?

Who Are the Founders of Symmetry?

What Makes Symmetry (SMF) Unique?

How Many Symmetry (SMF) Coins Are There in Circulation?

How Is the Symmetry Secured?

Where Can You Buy Symmetry (SMF)?

Related Pages:

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लोग ये भी देख रहे हैं

ट्रेंडिंग

Symmetry कीमत SMF

Symmetry community

Symmetry न्यूज

Symmetry के बारे में

What Is Symmetry (SMF)?

Who Are the Founders of Symmetry?

What Makes Symmetry (SMF) Unique?

How Many Symmetry (SMF) Coins Are There in Circulation?

How Is the Symmetry Secured?

Where Can You Buy Symmetry (SMF)?

Related Pages:

सबसे ज्यादा देखी गईं क्रिप्टोकरेंसी

लोग ये भी देख रहे हैं

ट्रेंडिंग

Symmetry कीमत
SMF