SMART CASH !!! For the Community, By the Community, Set To Change the rules of Finance , Economics and Governance.

in #smartcash7 years ago

What Is SmartCASH ?

SmartCash is a fairly new Cryptocurrency project born out of the desire to create a viable, fungible, instant, merchant oriented, user friendly and community driven cryptocurrency with a decentralized governance system. Aimed to create the most nimble and fast growing cryptocurrency by aggressively prioritizing block rewards towards growing community, hiring developers, gaining merchant acceptance and via grassroots community outreach efforts and established marketing methods.

What is the difference ? Is it just another shitcoin ?

  • The entire foundation of SmartCash is based upon community adoption, growth and inclusion. Everyone is a SmartCash team member, which means that Smart Cash is currently rigorously developing a self-sustaining economic system of it's own that enables fair division of Block Rewards among the whole community evenly.

  • SmartRewards is a unique price stabilization mechanism and a way to encourage long term holding. Long term holders are key to the project’s success since the SmartHive treasury needs SmartCash to appreciate in value in order to fund meaningful 3rd party proposals and help grow SmartCash into a successful global crypto-currency. Each wallet address holding at least 1000 SmartCash will get paid every month after an initial 30 day period of holding; from the SmartReward block reward allocation of 15%. These payments will occur on the 25th of each month. These numbers may change when SmartNodes launch as well.
    All users need to move funds into addresses larger than 1000 SMART before the 25th to be counted.

  • Renew . Fungibility is a key stone of the SmartCash platform.
    In order to achieve it's end goal as a fungible and widely adopted currency, the Zerocoin implementation is the foundation best suited to accomplish them. It provides users to create new coins via the Renew feature in exchange for older coins. These new coins have no history but are still viewable on a public ledger where all transactions can be displayed easily for all to see, which is key when implementing with merchant systems. This solution disables tracking from services like Coinfirm, and is faster than Coinjoin based mixing.

  • Instant-Pay ensures SmartCash is always blazing fast, no matter what you are buying.
    InstantPay is going to be a key feature that allows instant point-of-sale in-store and online purchases. People should be able to use cryptocurrency as means to pay for their daily needs. InstantPay makes that a reality and allows for transactions to happen instantly, even faster than using your Visa or Mastercard.

No matter if you want to buy a coffee at your favorite coffee shop, fill up your tank at the nearest gas station, buy a bus ticket or pay for a video download, InstantPay makes that a reality. This is currently not possible with Bitcoin due to its technological limitations and network constraints, which result in transaction delays and high fees

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Some would argue here that 20% reward to be split between miners and SMART REWARDS is way too less and might wonder where is the rest of the 80% reward is going to be spend ???

To clear the ambiguity around this would like to share some stats with you all :

A GTX1080 will produce 900MH (approx.) using SGMiner, given that, you'd expect the following return on the pool, depending on the avg. network hashrate for the day at current difficulty will be:
Network Hashrate 1TH: ~350SMART/day
Network Hashrate 2TH: ~175SMART/day
Network Hashrate 3TH: ~120SMART/day

Current price of 1SMART = $0.017, which gives a single GTX1080 miner an earning of $2.04-$5.95/day at current difficulty and pricing.

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And to address the latter part as to what happens with the rest of the 80% Block Reward, we will have to go in-depth to understand as to how SmartCash Community functions because the remaining reward gets split amongst SmartHive and Hive Team.

Out of the 80% block reward 24% goes to support the functioning of Hive Team that includes everyone from Lead Developer(s) to Co-ordinator(s) to Writer(s).

Remaining 56% is allocated to SmartHive.

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What is SmartHive ?

SmartHive is an incentivized decentralized community. SmartHive enables anyone that holds coins the opportunity to vote on proposals submitted by the community. SmartHive will be the lifeblood of the project, which will allow anyone to get involved and submit proposals, helping to generate organic growth at a grassroots level, creating a bottom-up management structure.

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Wait, there's more to it.

All Smartcash users deserve a voice, from day #1. That is why Smartcash is pioneering in the crypto-governance space and was built around Smarthive, the platform that lets all users vote on the direction of the project. More information will be released soon describing this platform in depth.
Each SmartCash Token is worth 1 vote, to keep it simple.

All of this is just the tip of the Iceberg. There are tons of Smart features of this cryptocurrency, all of which we will be exploring in our upcoming Blogs. Hence don't forget to follow @cryptodate for more interesting and informative updates.

If you believe in changing the world around you, then visit and check-out the website :
https://smartcash.cc/

Download Official Wallet :
https://smartcash.cc/get-smartcash/

Join on Slack :
https://smartcashinvite.herokuapp.com/

Buy From an Exchange :
Currently on: https://stocks.exchange, Cryptopia & CoinExchange.io

Mining Pool :
http://pool.smartcash.cc/

Mining Guide :
https://steemit.com/smartcash/@hockleyj/smartcash-mining-on-pool-a-visual-guide-on-how-to-set-it-up

SmartRewards Guide :
https://forum.smartcash.cc/t/smartrewards-guide/125

If you find this content useful and informative and would like to Tip SmartCash (Donation Address) :
SPEAK2VyNfGGanUJf1YJm942c29EDKa2Wj

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Brilliant! Thankyou for the comprehensive breakdown.

Please like and follow :) @cryptodate

Why do not I have the opportunity to resteem this post?

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