Somidax (SMDX) introduces a social interactive marketplace on a decentralized platform seeking to connect local small and medium enterprises with the expansive global markets. Describing Somidax (SMDX) as a platform aiming to provide blockchain-as-a-service (BaaS) for businesses small and big would be appropriate. Typically, BaaS allows businesses to utilize a third-party cloud-based solution to host and manage blockchain applications. BaaS resembles the functions of a web hosting provider.
Now, operations running on the existing grids are mostly inefficient and expensive. Thus, the Somidax (SMDX) platform aims to utilize and enhance the existing grids to foster the creation of simple, user-friendly applications and boost mainstream adoption of the services. In short, Somidax (SMDX) encourages users to create new blockchain applications, NFTs, and smart contracts by utilizing the platform’s blockchain-specific infrastructure. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.
To begin with, Somidax (SMDX) aims to feature a multi-signature HD trade wallet. The wallet facilitates storing of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Users can stock and reserve SMDX, the primary utility token of the platform, in the secure wallet. As the website describes, the trade wallet aims to be powerful and secure, seeking to provide high-standard protection to users when conducting business on a peer-to-peer platform.
Moreover, Somidax (SMDX) focuses on launching a full-fledged marketplace for customers. Customers can indulge in the quick and reliable trading of products and finalize purchases using digital crypto coins and tokens. Somidax (SMDX) marketplace seeks to encourage businesses and individuals to have a thriving online presence to add better value to the products and services. Next, the platform introduces the Somidax Studio. Somidax (SMDX) firmly believes that creativity is present in all. Hence, the website aims to describe ‘Somidax Studio’ as a digital network, rich in content, seeking to reward users with effective tools to connect with people from across the globe. Thus, Somidax (SMDX) envisions bringing innovations and upgrades to the platform, thereby aiming to assure customers a good and worthwhile experience.
