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RE: Getting my first SmartRewards Smartcash(SMART)
Let me know how that goes. A %40 interest rate on loaned funds doesnt seem sustainable unless those coins are being printed out... And that sounds a lot like the problems we have with traditional fiat. Of course, even if it lasts "a while" there might be profit in it.
Yes I will, SmartRewards comes from the block rewards 20% of the rewards go to it, so to encourage long term holding of the coin they introduced SmartRewards where per month you get rewards for not moving/selling your coins.
Wait, help me understand. Do you mean that part of the miner rewards goes to the holders of the coin? Or do you mean that the block just naturally rewards %20 on top of the miner rewards and it is sent out to holders of the coin. The second seems like it really is just creating money from nothing. Still, it's a really interesting idea... Like creating and fighting inflation at the same time. The only real draw back I would say would be that in times of trouble there would be a run on this currency like no other. : )
The block rewards are split 80% SMARTHIVE/HIVETEAMS and 20% goes to Miners/SmartRewards. It has a total maximum supply of 5,000,000,000. SmartHive enables anyone that holds coins can vote on proposals submitted by the community. The Hive Structuring Teams (HST) will lay the groundwork for the project and set the framework for the project’s evolution.
You can see here the parameters for SmartCash: https://smartcash.cc/what-is-smartcash/
You can see here the projects they are working on: https://smartcash.cc/roadmap/
The latest one they released is the web wallet, the community really is great. Yeah in every investment there are risks to take. :)
Well, I definitely appreciate the thoughtful replies : ). I learned a lot and for that I am grateful : ).
No problem man, hopefully I answered your questions. Followed you bro. Keep on Steeming :) . Thank you also for engaging in my post.