*The development of the SMY token involves several phases, each with its own technical steps, code examples, and potential challenges. In this description, we will explore the various stages of the SMY token's development, providing insights into the technical aspects and addressing potential roadblocks encountered along the way. Let's dive into the journey of the SMY token from its inception to its current state.*

*Phase 1: Smart Contract Development*

The first phase in developing the SMY token is to write a series of smart contracts that define its functionalities and tokenomics mechanisms. These contracts will be implemented using a programming language like Solidity. Let's consider an example of a basic ERC-20 token implementation:

pragma solidity ^0.8.0;

contract SMYToken {
    string public name;
    string public symbol;
    uint256 public totalSupply;

    mapping(address => uint256) private balances;

    event Transfer(address indexed from, address indexed to, uint256 value);

    constructor() {
        name = "SMY token";
        symbol = "SMY";
        totalSupply = 1000000;
        balances[msg.sender] = totalSupply;
    }

    function balanceOf(address _owner) public view returns (uint256) {
        return balances[_owner];
    }

    function transfer(address _to, uint256 _value) public returns (bool) {
        require(_value <= balances[msg.sender], "Insufficient balance");
        balances[msg.sender] -= _value;
        balances[_to] += _value;
        emit Transfer(msg.sender, _to, _value);
        return true;
    }
}

*Phase 2: Smart Contract Testing*

Once the smart contracts are written, they need to be thoroughly tested before being deployed on the mainnet. Testing is crucial to identify and fix any bugs or vulnerabilities. The contracts will be deployed on a testnet, such as Mumbai or Goerli, allowing developers to interact with them in a controlled environment. Various testing frameworks like Foundry or Hardhat can be used to automate and facilitate the testing process of all the functions added, such as collected swap fee, buyback, team allocation and vesting schedule.

*Foundry source:*

Foundry Book

*Hardhat source:*

Getting started with Hardhat | Ethereum development environment for professionals by Nomic Foundation

*Phase 3: Mainnet Launch*

After successful testing and addressing any identified issues, the smart contracts are ready for deployment on the mainnet. This involves selecting an appropriate blockchain network, such as Binance Smart Chain in our case, and deploying the contracts to a live network. Once deployed, the SMY token is officially launched, and users can begin interacting with it.

*Technical Challenges and Roadblocks*

During the development phases, several technical challenges may arise. Some common roadblocks include:

1. ***Gas Optimization:*** Smart contracts on Ethereum are subject to gas costs, where inefficient code can result in higher fees. Optimizing the code, reducing storage and computational requirements and utilizing gas-efficient patterns are essential for cost-effective token operations.
2. ***Security Audits (optional)***: Smart contracts are prone to vulnerabilities, and thorough security audits by experts are crucial to identify and mitigate potential risks, such as reentrancy attacks or integer overflow/underflow.
3. ***Scalability:*** As the SMY token gains popularity and attracts more users, scalability becomes important. Scaling solutions like layer-2 networks or sidechains can be considered to handle increased transaction volumes and improve user experience building a multi-chain token.

Contract testnet:

Simplify (SMY) Token Tracker | PolygonScan

*TX Creation:*