What is bitSmiley?
The BitSmiley token (SMILE) is part of a decentralized protocol built on the Bitcoin blockchain, known as the first BTC-native stablecoin framework. This system includes three main financial tools: a stablecoin, a lending protocol, and derivatives. The BitSmiley ecosystem is designed to operate independently of traditional financial intermediaries and enhance Bitcoin’s role in decentralized finance (DeFi) by offering a stable asset, bitUSD, which is overcollateralized to stabilize value. This allows users to engage in secure peer-to-peer lending and access financial derivatives directly on the Bitcoin blockchain.