SmartChain Software Solutions, LLC
Good evening friends and fellow travelers.
This week’s update will cover the filing for and creation of SmartChain Software Solutions, a limited liability company registered within the Commonwealth of Pennsylvania.
SmartChain Software Solutions, LLC will have two primary focuses; maintaining and developing the Radium SmartChain, and increasing SmartChain usage through outreach and awareness. To achieve these goals, development and ownership of the current SmartChain software will be transferred from JJ12880 to SmartChain Software Solutions, LLC, as well as all relevant trademarks and copyrights. As a founding member of SmartChain Software Solutions, LLC, JJ12880 will continue as lead developer for the SmartChain software with assistance from the existing development team.
While outreach to various crypto projects and other potential users will be facilitated by community members, SmartChain Software Solutions will provide an official and legitimate point of contact for business and potential users who would require a higher level of organization. In the interest of increasing adoption, SmartChain Software Solutions, LLC, will also provide custom integrations and modifications to the SmartChain software as needed or requested to solve user specific needs. SmartChain Software Solutions will remain privately owned, however any funding or revenue generated will be directed back into development and increasing the exposure and usage of the SmartChain.
Because the SmartChain requires the Radon asset, increased utilization should result in increased rates of Decay. The increased rates of Decay not only produces the Radon asset, but also increases the block rewards earned by stakers. Through this mechanism, those who hold Radium may see a general increase in staking revenue over time, if they are actively staking. A comprehensive explanation of the Decay process is available on the Project Radium Wiki. https://en.wikibooks.org/wiki/Radium_SmartChain#Radium_Decay
Until next week,
The Project Radium team
P.S. Publicly available information regarding SmartChain Software Solutions can be found by searching “SmartChain” on the Pennsylvania Department of State website, https://www.corporations.pa.gov/Search/CorpSearch