'Crypto for good': This community doesn't just innovate, it wants to make a difference

Innovation is the lifeblood of any new market or industry, and crypto is no exception. But when disruptive sectors move fast, there's always a real risk that crucial values — including safety and compassion — end up getting left behind.

SmartFi is one of the crypto communities vying to offer cutting-edge products with digital assets at their heart, all while protecting the interests of users.

"Crypto for good" is the project's mantra — and SmartFi has been registered with the Financial Crimes Enforcement Network (FinCEN) in a push for transparency. SmartFi's native token, SMTF, has also undergone a thorough audit.

In the coming years, this community believes old-fashioned conventions surrounding banking and government-controlled money will inevitably change. As cryptocurrencies continue to gain prominence, they'll transform the lives of the world's poor — and enable millions of unbanked consumers to unlock financial freedom. 

"Returning power and economic control back to the people really matters to us," SmartFi's co-founder and CEO Aaron Tilton told Cointelegraph.

Democratizing banking

In the coming months, SmartFi's planning to release a peer-to-peer, asset-backed stablecoin — as well as a mobile payment app that's accessible to all. 

As development continues, the community is being encouraged to give back to others — and Tilton has led by example with a philanthropic trip to Guatemala. Joined by Joseph Allen — a singer, entertainer and TV personality who wowed crowds and was awarded with a golden buzzer on America's Got Talent — their work brought power and clean water to a rural school, making a real difference in people's lives.

Resilience in bear markets

SmartFi has been in business since 2017 — and over this time, the project says it has funded loans and crypto transactions worth more than $1 billion. Executives take pride in the community's resilience to bear markets — not least because of how their safety-first approach helps mitigate volatility.

The crypto brand recently became the first-ever official cryptocurrency platform of the Monster Energy AMA Supercross — playing a prominent role in live broadcasts — and a national sweepstake was held for fans.

SmartFi's native token, SMTF, boasts a buyback guarantee — with the project explaining that any purchase that's held on its platform for over a year can be returned for any reason — and users will receive a full refund in USD at the price they initially paid.

"When you buy SMTF, your money doesn't go towards buying the company’s founders another Ferrari, or even on the company’s operating costs and expansion. The company is run on the interest earned on the loans — your money goes only to fund new ones," they told Cointelegraph.

Bear markets offer the perfect opportunity for projects to build and put themselves in prime position for the next bull market. With an ambitious roadmap ahead, SmartFi's confident that you'll be hearing a lot more about them in future.