Question 1

What is Smart Block Chain City (SBCC)?

Accepted Answer

Smart Block Chain City (SBCC) is a blockchain infrastructure project aimed at building the foundation for smart cities. It includes a proprietary application, the Smart Wall Pad, which is used to control Internet of Things (IoT) devices in homes, manage services in residential complexes, and participate in local community and commerce activities.

Question 2

What is Smart Block Chain City (SBCC) used for?

Accepted Answer

Within its ecosystem, SBCC serves several key purposes. Firstly, it facilitates governance by enabling token holders to participate in decision-making, with voting rights proportional to their SBCC holdings. Secondly, it acts as a form of remuneration, rewarding users with SBCC tokens for their active involvement in the Decentralised Autonomous Organisation (DAO) and for regular use of the app. Thirdly, SBCC tokens are utilised as the primary method of payment for transactions within the SBCC platform. Lastly, the platform offers a De-Fi staking service, wherein users can deposit their SBCC tokens and earn interest, thereby integrating the token into the platform's varied functionalities.