SMT is a payment token based on the ERC20 protocol on the Ethereum blockchain. SMT facilitates simplified transactions and provides a discount and reward mechanism for the Swarm Markets platform.
SMT token contract (Ethereum)
SMT token contract (Polygon)
vSMT token contract (Ethereum)
250 million (250,000,000 SMT)
Initial circulating supply
10.3 million tokens (10,304,259 SMT)
Private sale
Public sale
Team allocation
None → 0%
Yes, 20% at TGE followed by 20% per quarter

Token Allocations

Token Sale

Up to 20% of supply: 50 million tokens (50,000,000 SMT)
Token Sale #1 — Private Sale Influencers and Strategics
  • Nominal value: USD $500,000 ($488,642)
  • Price: USD $0.075
  • Volume: 6.5 million (6,515,226 SMT)
Token Sale #2 — Public Sale
  • Nominal value: USD $1 million ($1,008,600)
  • Price: USD $0.10
  • Volume: 10 million (10,086,000 SMT)
  • Unsold token sale tokens remaining after public sale were added to reserve
  • Tokens purchased during the private and public token sales are locked and can only enter circulation in tranches. See below.

Rewards Pool

  • Up to 50% of supply: 125 million tokens (125,000,000 SMT)
  • Launch Liquidity Program Providers: 5 million tokens (5,000,000 SMT)
  • Distribution:
    • Platform Rewards to (1) Liquidity provider rewards, (2) Trading rewards, (3) Loyalty rewards
    • Rewards Pool tokens will be released weekly at a diminishing rate over a 100-year period according to a regression curve representing a 11% reduction per year
    • About 1.4% will be released in the first 90 days after TGE and at a diminishing rate thereafter, starting at a rate of slightly under 0.5% per month until all Rewards Pool tokens have been released.

Community Pool

  • Up to 10% of supply: 25 million tokens (25,000,000 SMT)
  • Distribution: 1.25% distributed per quarter


  • Up to 20% of supply: 50 million tokens (50,000,000 SMT)
  • Distribution: Reserved for future use; assumed 5-year linear release starting 3 years from TGE


Vesting and Distribution

The rate at which SMT tokens enter circulation will be controlled by Swarm Markets in order to ensure stable valuation and adequate rewards across the platform’s various stages of growth.
Vesting is enforced by wrapping SMT. Tokens will appear as vSMT in your wallet until they are vested at which point they can be converted to SMT. vSMT cannot be transferred, staked, or traded. SMT can be transferred without restriction.
The vesting schedule and distribution model has been designed with fairness as top priority and with the goal to release about half the maximum supply towards the end of year 3. Rewards Pool tokens are released over the course of 100 years at a rate which diminishes each week.
Tokens purchased during the private and public token sales are locked and can only enter circulation in tranches. vSMT holders are able to unwrap and convert 20% of their holdings at the Token Generation Event (TGE) on August 1st, 12:00 CET. An additional 20% of vSMT (of the original purchased amount) will be available to unwrap per quarter thereafter with 100% vesting after 12 months. There is no time limit to when vSMT holders must unwrap their vSMT and convert to SMT.

Vesting Dates: Monday, November 1st, 2021 Tuesday, February 1st, 2022 Tuesday, 3 May 2022 Tuesday, 2 August 2022

Note: all vesting events will take place according to block date, not calendar date. As such, the calendar date schedule listed above is an approximation only. Depending on the pace of mining on the Ethereum blockchain, the block date may be earlier or later than the estimated calendar date.

Unwrapping vSMT to SMT

Follow the step-by-step guide below to unwrap vSMT and convert it to SMT. Once your vSMT is unwrapped to SMT, it is fully functional: it can be transferred, traded or staked on any ERC20 compatible platform.
vSMT dapp on etherscan, click to enlarge
  1. 1.
    Select the wallet that holds your vSMT in MetaMask and make sure that same wallet has enough ETH to cover gas for transaction costs. You will also want to make sure both vSMT and SMT are added as custom tokens in that wallet:
    vSMT token contract address: 0x0C033bb39e67eB598D399C06A8A519498dA1Cec9 symbol: vSMT, decimals: 18
    SMT token contract address: 0xb17548c7b510427baac4e267bea62e800b247173 symbol: SMT, decimals: 18
  2. 3.
    Under the Contracts header, make sure Write Contract is selected.
  3. 4.
    Connect your wallet by clicking the red "Connect to web3" button.
  4. 5.
    Add bot vSMT and SMT to your wallet as custome tokens, if you haven't already:
  5. 6.
    To unwrap vSMT, go to the operation 4. claimMaximumAmount and click Write.
  6. 7.
    This should open Metamask with the transaction. Click Confirm.

SMT - Release Schedule

SMT - Rewards Distribution Logs

SMT reward distribution logs including a list of addresses and reward amounts are published regularly on the Swarm Markets SMT Rewards Distribution Github repo.

SMT Token Sale

SMT was available for public purchase in two phases via (1) Batch auction (July 21 - 28, 2021) and (2) Pre-sale (July 12 - 19, 2021). The preceding private sale concluded selling 6,515,226 SMT for $488,642. The entire token sale raised a total of $1.5M for 16.6M SMT. More information on our blog.