Swarm Markets (SMT) is a token of the DeFi platform and a single exchange for securities and cryptocurrencies. With the help of the project, it becomes possible to place tokens based on all types of digital assets.

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🔥🔥 The first #burnSMT event took place today 🔥🔥 

In week one, 166,712 tokens were burned, which is 75% of this week's scheduled release of SMT rewards. You can see the burn on Etherscan here: https://etherscan.io/tx/0xff54c81af4b1e93f65399cf9cc18d8473e2727fd11e2622d6df377be2b79a49d

As a reminder, here is a link to the medium post announcing the deflationary measures we've introduced to SMT from May 01 2023: https://medium.com/swarm-com/smt-announcing-increased-utility-and-deflationary-measures-72c5e8436979

We hosted two Twitter Spaces with Swarm co-founder, Timo Lehes, to discuss what Swarm is doing for RWAs, why it’s different and the new tokenomics for SMT:

📣First space (02 May)📣
https://twitter.com/swarmmarkets/status/1653390548164571141?s=46

📣Second space (09 May)📣
https://twitter.com/swarmmarkets/status/1655905495402651650?s=46

The first #burnSMT event took place today.