A lot of people here at Publish0x and Leofinance are aware of the Bitcoin Cash's sidechain - smartBCH. This chain has been growing very rapidly with various types of tokens being launched since it's inception. With the exception of few rug pulls in the DEX and token, the progress of this sidechain has been impressive so far.
If you check out marketcap, you'd find new tokens are launching every now and then on it's DEX. And the project like BCHPad is working like "better business bureau" that does the background check and the trust pass for most upcoming project on the sidechain. Which to some extent will help gain trust of the community of bitcoin cash users.
Which smartBCH Tokens Should I Invest into?
I have noticed few things on the smartBCH chain as of now and noticed that there are memetokens and the tokens which lack the strong use case. So it is upto you to either invest into them by looking at the progress of others or ignore them and focus on the stablecoins and strong projects.
My personal recommendations are :
- flexUSD
- EBEN
- MIST
- Wojak
- BCHPad
- 1BCH
- AXIEBCH
There are some good authors who have written content on their journey into the smartBCH. I'd recommend you to read one of their post here and here. You would find their choice of the tokens if you follow them on the noise.cash. I also noticed that there is one good channel on the noisecash which you can follow - smartBCH.
I think there are some of the good tokens on this sidechain but you need to be careful of various new and the risky rugpulls that are being launched. So you need to make sure that you check the BCHPad backed or trusted tokens for now and see if that helps you.
I think smartBCH sidechain definitely has a good future as it has a low fees as of now and also in context of the DeFi it presents more opportunities while being EVM compatible. I do however personally like to stick with the chains and the tokens that have use case so you have to choose what works for you.
Now over to you, what do you think? Do you think smartBCH is worth investing. Have you invested into this chain?
Note this is not a financial advice. Do your own research.
