Recap of Reddit AMA with Smaugs NFT

The CEO and Founder of Smaugs NFT, Emre Ulgac, answered questions on Reddit about the project

Anirudh Tiwari
October 12, 2021
BSC News

Smaugs Launchpad Program to Give New Projects a Push

BSC News hosted a Reddit AMA along with the CEO and founder of Smaugs NFT, Emre Ulgac, on Oct. 8, wherein he addressed various questions from the community.

Smaugs NFT is an artificial intelligence (AI) powered marketplace where users can trade digital assets and NFTs as NFT tokens in the digital world. The platform utilizes the Binance Smart Chain to enable the fast, cheap, and convenient creation of artwork using AI.

“Smaugs native token will be used for payments in NFT minting transactions, with the bridge to be built to Avax network and later to Matic and Solana networks. This will increase the demand for the $SMG token. Apart from that, our NFT marketplace is active and in use now.” mentioned Ulgac when asked about the utility of the SMG token.
Source: Smaugs Twitter

Soon after, the SMG token was launched on the Avalance network on Oct. 11, as the project revealed through their official Twitter account. 

They also announced that the initial DEX offering (IDO), staking, farming, and an NFT marketplace will be launched on the network. 

In the AMA, Ulgac also added that the team is making updates for the Smaugs battle game that would roll out on the Google play store. He also mentioned plans to introduce, SmaugyAI, their virtual assistant to the NFT world.

About Binance Smart Chain

Binance Smart Chain is one of the fastest-growing smart contract blockchain networks in the crypto-verse. In just over fourteen months since its launch, the network has grown to hit a total value locked (TVL) of over $20 billion in decentralized finance (DeFi) protocols. In Q3 2021, the number of active wallets daily on BSC rose nearly 20% from 507,000 wallets in Q2 to 608,542 wallets in Q3, as per a report by DappRadar titled, “Binance Smart Chain: Q3 2021 Overview.”

Find more about Smaugs here:

Website | Twitter | Discord | Email | Telegram | Github |

Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums. His largest holdings in crypto are Ethereum, Cardano, and Polkadot.

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