SmartMesh Price

SmartMesh is a blockchain-based cryptocurrency and protocol for the Internet of Things (IoT). It enables devices like smartphones and vehicles to connect directly without relying on the internet. SmartMesh incorporates lightweight blockchain nodes and extends the Lightning Network protocol to facilitate offline micropayments using its native SMT token. Through blockchain-based incentives, SmartMesh can self-organize into a resilient, decentralized mesh network that offers faster local speeds and bandwidth compared to traditional internet, often for free. This has the potential to create a parallel network alongside the existing internet infrastructure. SmartMesh aims to revolutionize IoT connectivity and payments by leveraging blockchain technology to enable seamless device-to-device interactions and transactions without requiring constant internet access.

SmartMesh was created in November 2020. The project launched its token on November 30, 2020 on the Ethereum blockchain as an ERC-20 token. Since then, SmartMesh has expanded to other networks including Polygon, Arbitrum, and Base to increase accessibility and reduce transaction costs for users. The creation of SmartMesh aimed to provide a decentralized infrastructure for tokenized real-world assets and compliant DeFi services.

The founders of SmartMesh (SMT) are Henry Wang and Peter Yan. They established the project in 2017 with the goal of creating a decentralized Internet of Things (IoT) infrastructure. Henry Wang serves as the CEO and has extensive experience in blockchain and telecommunications. Peter Yan is the CTO and brings expertise in mesh network technology. Together, they lead the development of SmartMesh's blockchain-based protocol for enabling device connectivity without relying on traditional internet infrastructure. The founding team's vision is to build a self-organizing mesh network that provides faster speeds and wider bandwidth compared to existing internet services, potentially becoming a parallel network to the current internet.

SmartMesh works as a decentralized cryptocurrency built on blockchain technology. It utilizes a proof-of-stake consensus mechanism to validate transactions and secure the network. SMT tokens can be used for fast, low-cost payments and as a store of value. The total supply of SMT is capped at ∞, with 1.66B SMT currently in circulation. SmartMesh aims to provide an efficient, scalable blockchain platform for decentralized applications and smart contracts. The current price of SMT is $0.0002519, with a 24-hour trading volume of $96.76K. SmartMesh has a market cap of $419.42K and is ranked #3681 among all cryptocurrencies. The project continues to develop its technology and expand its ecosystem to drive adoption and utility of the SMT token.

SmartMesh utilizes a hybrid architecture combining blockchain and mesh networking technologies. Its core components include: 1. Blockchain layer: Provides decentralized consensus and token economics 2. Mesh network protocol: Enables direct device-to-device communication without internet 3. Lightning Network integration: Facilitates fast, low-cost micropayments 4. Light nodes: Allow resource-constrained devices to participate 5. Incentive mechanism: Rewards nodes for sharing network resources This architecture allows SmartMesh to create a self-organizing, resilient network that can operate independently of traditional internet infrastructure. The combination of blockchain and mesh networking enables SmartMesh to support IoT applications with improved speed, bandwidth, and cost-efficiency compared to centralized alternatives.

SmartMesh has an ambitious roadmap for the future. In 2025, the team plans to expand its ecosystem by launching new DeFi products and improving cross-chain interoperability. By 2026, SmartMesh aims to become a leading platform for decentralized finance, with a projected price of $0.0002555. The $0.0003394 price target for -- is based on continued adoption and technological advancements. Looking further ahead, SmartMesh envisions becoming a cornerstone of Web3 infrastructure by 2030, potentially reaching $0.0004068. The long-term goal for 2035 is to achieve widespread real-world integration, with an optimistic price projection of $0.0006207. Key milestones include enhancing scalability, implementing advanced privacy features, and fostering partnerships with major industries to drive adoption.