SmartPiggies are non-fungible digital contracts that provide their owners with protection against undesirable changes in the price of any asset, product, or service. In traditional finance terms, SmartPiggies could be compared to a capped option.
A SmartPiggy can be thought of as a tradable digital piggy bank into which money can be deposited, and which is smart enough to distribute its funds between an owner and creator based on pre-agreed terms.
SmartPiggies also have a native self-auctioning mechanism that allows them to globally market themselves, eliminating the need for exchanges.
Anyone or any business wishing to protect themselves against unexpected changes in price or who has spare capital and is willing to take on risk in exchange for a premium may wish to participate in the SmartPiggies ecosystem.