Why Do smartcash Proposals Fail?

in #smartcash8 years ago (edited)

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Smartcash is a Community driven cryptocurrency. If you were to visit the link https://vote.smartcash.cc/ Then you would see the smarthive budget As I check it stands at Σ 887,008,872.15. At the current valuation of 1 smart at $0.09 One can do the math and see that It amounts to 887,008,872.15 x 0.09 = $79830798.4935

This money stays safe in the community chest and is to be used for a project that the community approves of.
As a smartcash community member anyone can make a proposal and requests for funds for the same.
If the community is convinced they can vote for your project.

Each community member can view the details of your project from https://vote.smartcash.cc/
and cast their vote.

To be successful as a project your proposal needs to impress the community.
It must be as detailed as possible. Make sure you demostrate what you wish to achieve and what is the investment required.

The proposal must also clearly show the benefits and the positive outcomes that would be achieved.
You need to breakdown the proposal into tangible milestones as the funds would be released to you according to the milestones achieved in the project.

A good starting point for any proposal would be to visit https://vote.smartcash.cc/ and see the list of successful and unsuccessful proposals.

Going through them is a good learning experience and helps in understanding what type of proposals gets accepted.

How they are presented and what kind of expectations do they set.
It is a good way of understanding as to how things work in the crypto world.

At the end of the day it is community voting that desides the fate of your proposal.
To list a proposal it cost 100 Smart and plenty of planning and dedication to get your proposal through.

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You have a minor misspelling in the following sentence:

To be succesful as a project your proposal needs to impress the community.
It should be successful instead of succesful.

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