Video: What Is SmartCash? - The Animated SmartBee EP01
This is a video promotion for @SmartCash paid through the proposal system of the SmartHive (link). In the video you are getting an overview over the cryptocurrency SmartCash (SMART) and its features. The clou is the animated SmartBee mascot which was animated with the Adobe Character Animator technology.
Welcome to SmartCash, a decentralized community governance blockchain. It has passive income features and creates a digital payment solution. SmartCash is a blockchain technology that uses Proof of Work through mining – similar to Bitcoin. However, the major difference is the distribution of the mining block rewards. SmartCash miners receive only 5% of them while the vast majority of mined SMART is used for SmartRewards, SmartNodes and most and for all the SmartHive. Let me explain.
Everyone can join the decentralized SmartHive community. Here, you can control the fate of the coin including the governance and the budget. With SmartCash, 70% of the mining block rewards are reallocated to the SmartHive as well as to the dedicated SmartHive Structuring Teams for ongoing maintenance.
Another major aspect is to encourage community development by incorporating a proposal system with a large funding pool. Every SmartCash holder gets one vote per owned SmartCash. If the majority of votes after fourteen days are in favor of a proposal it will automatically be accepted. This way, the community can finance their ideas and help to grow SmartCash.
SmartCash has a built-in stabilization mechanism which encourages long term holding. These so-called SmartRewards are paid out to each wallet address holding at least 1000 SmartCash. A snapshot is taken every 25th of a month and if no SmartCash has been withdrawn since the previous one that wallet will automatically earn new SmartCash. SmartRewards are coming out of the 15% block reward allocation from the mining process.
All users holding at least 10,000 SmartCash can set up a SmartNode. These are servers running the SmartCash code and enable features like InstantPay transactions. They are dedicated Virtual Private Server which you can rent online from hosting services for about 5 Dollars a month. SmartNodes get paid 10% of the block reward on every block. The best part about them: You can earn SmartRewards and SmartNode payments at the same time and create a passive income stream.
So, this is SmartCash. I hope you like it. The SmartHive is already waiting for you. And I, BEE you next time.