Smartcash Smart Rewards Pool
One of the things that seems to be a barrier to entry into Smartcash Smart Rewards is the 1000 SMART that is required to participate.
The second issue is that Steemit users can earn small amounts of SBD or Smartcash by posting, but don't have anywhere to invest it.
Basically, a lot of people on Steemit have small amounts of Smartcash, SBD or other cryptos in their wallets but would take a long time to accumulate 1000 SMART.
In essence, time is working against us. Every month that passes, is another month that we are not earning interest on our hard earned crypto.
These two factors contribute to a lower participation rate in the Smartcash Smart Rewards program.
But what if there was a way for people to participate in Smart Rewards by investing smaller amounts in a pool, and thus benefiting from the monthly opportunity represented by Smart Rewards?
What I am proposing, is a Smart Rewards Pool which anybody on Steemit can contribute to.
Please comment below, if you would support this idea, and if so, what would be the amount you would be looking at investing, and which cryptocurrencies you would prefer to use to make your contribution.
What I am hoping, is that if enough people comment below in the next month, to make up the 1000 SMART, then we can all pool our resources to make the 25th April snapshot.
For more information on how Smart Rewards works, click on the link below:
https://smartcash.cc/what-are-smartrewards/
If you think this is a great idea, please Upvote and Resteem!
And of course leave your Comment below if you are keen to participate in the Smart Rewards Pool on April 25!
Update April 1, 2018:
As of today, I am going to start accepting deposits to the Smart Rewards Pool for inclusion to earn rewards from the April 25 snapshot date (assuming that 1000+ SMART has been received by April 24 2018)
You can use the following methods for payment:
Smartcash address: SXuYmzkXaeLb8UK48YdUJsRK5QAkCqPm8t
Or you can send a tip of 10 SMART or more through @smartbot to @auskiwi.
Or you can send a tip of 1 SBD or more to @auskiwi with "Smart Rewards Pool" in the Memo field.
If you have any other crypto currency that you wish to invest with, please leave a comment below stating the amount and which currency it is, and the address you will be paying from. I will then reply to you with an appropriate deposit address for that currency. Any amount over the equivalent of $1 USD will be accepted.
These deposits will be converted to SMART at the current exchange rate.
All deposits will be confirmed by a memo sent back through Steemit.
After May 25 (assuming 1000 SMART was received by April 24), all deposits will be returned with interest to the account from which they were sent.
If a total of 1000 SMART or more is not received by April 24 2018, all deposits will be returned.
I totally concur with this idea... It is super ingenious. It will rake in a higher percentage of participation than is presently obtainable. I think i can comfortably participate with as little as 10 SMARTS. Anything less may make the rewards totally insignificant for the individual. I am sure the sharing mode will be the same obtainable in similar pools ie. amount shared is based on % invested into the pool. It will be really nice to see this kick off in the nearest future. Thanks for bringing up this grand idea.
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I agree that the more that is invested, the higher the reward, but there is a lot of room between 10 SMART and 1000 SMART for people to choose their level of investment. Obviously, if people already have the 1000 SMART they don't need the Rewards Pool, so I would realistically expect most participants to contribute at a level between 10 and 100 SMART. To make it easier to manage I am going to ask people to just make one tip/payment rather than multiple tips, and we are going to wait till just before the snapshot date. That gives people nearly a month to save up whatever amount is going to be their contribution to the Pool.
i am with you 100% on this... You need to work out how we will pool our smarts together to achieve this. Are you going to create a discord server for interested participants? Or how will you go about getting people to join in this project
All smarts will need to be sent to a wallet address which I will manage as project co-ordinator. I know that trust will be an issue but for small amounts like this people can assess the risk and contribute only what they can afford to lose. I believe I have a track record of paying out on Giveaways and I certainly don't have any intention to swindle anyone. I am just offering my services so we can all work together and get a better outcome for the minnows. My payoff is that I get to participate and gain interest on my own investment. I don't know much about discord, haven't really been into that. What I am considering doing with this to simplify it for everybody concerned, is just accepting all payments through Steemit and also paying out through Steemit. I can convert the Steem which works out at about $100 worth into 1000 SMART when all funds are collected, and transfer them to the Smart wallet before the April 25 snapshot date. Then I will just convert the SMART back to Steem, calculate the percentages, and pay out into the Steemit wallets after May 25.
But you do have a point about Discord, I probably should set up something on there to publicise the pool. That would be on both Discords, I suppose, the Smartcash one and the Steemit one.
yes. Setup a discord server for this... then you can add join the smartcash discord server to publicize it there.
I want to make my own investment in SMART coins, and get my returns in SMART as well...
Well, until you setup a channel where we plankton and minnow investors can talk freely... awaiting yours truly.
PS. I will be pledging 100 SMART... and hopefully more than that before the snapshot date
I have no idea how to set up a discord server or channel but I will try to figure it out. What I see when I go into discord is a message at the top that says "This is an unclaimed account" Not sure what that means.
Hi, @abasinkanga Please read this update on the Smart Rewards Pool where you can find instructions on where to send your 100 SMART before June 25: https://steemit.com/smartcash/@auskiwi/smartcash-smart-rewards-pool-update-22-june
we all know the best thing for life is free, but that doesn't include this, getting 1k is not that a big deal moreover ,you can purchase smart from exchange and use this dip as an advantage, smart could be bought and most of this smarties getting their rewards bought theirs what difference does it makes, you can also create some smart post and earn smart, before i got about 1400 smarts free from post and participating on community contest before i accrued some from exchange , i disagree 👎 as this makes no sense really
I'm not saying people shouldn't exchange fiat for SMART, but for those who are more risk-averse and don't want to put all their crypto in one basket, this could be one way to invest a small amount and test the market. And of course even earning SMART by posting isn't totally free - it takes time and effort. Nevertheless, all of us want to move into that i quadrant that Robert Kiyosaki teaches, where you are not just exchanging time for money. That's the ultimate way to achieve financial security. I reckon there are a lot of people out there who would like to start doing that on a small scale.
I've thought of this idea before, the problem is how would we execute the pool?
My proposal is that I will manage the pool. All contributions to the pool will go to a single wallet address just before the April 25 snapshot date. If you would like to participate please leave a comment advising what amount you are thinking of contributing to the pool. This is just so I can get some idea of whether we can get 1000 SMART in the pool before April 25. When we have the 1000 SMART pledged, I will notify all participants to make their contribution.
all i have is 240
Thanks, @sinlg. So far 250 SMART has been pledged in just 2 days, so we are 25% of the way towards activating the pool. We'll see how it goes from here on in :)
even if you put 1200 Smarts still get rewards right?
If the Pool ends up with 1200 Smarts, then the Pool has already passed 1000 SMART so yes there will still be rewards for all participants. But the individual participants would all have contributed less than 1000 SMART each. If a person already has 1000 SMART or more then they only have to hold the SMART in their own account and they will get Smart Rewards. Please go to this link for more information about that: https://smartcash.cc/what-are-smartrewards/
i should have 350 smart cash
april 25 is ways away.... what is the Steem rewards number anyway?
I'm not sure what you mean. Are you asking which account to send the smarts to? I won't be posting that until all 1000 smarts have been pledged.
when we stake in the online wallet, what is the payout everymonth... and how do we split them
From my understanding, the payout varies from month to month. After the first month, each individual's deposit to the pool will be returned, along with their share of any interest earned during that month. I am also considering having a separate wallet for a longer term, because as soon as a payout is made from a wallet, that disqualifies that wallet from receiving any Smart Rewards until a full month later. If a second wallet is used however, anyone contributing to that second wallet would get a compounded return for say 3 months in a row. But that would depend on demand for this service. At the moment, I am just offering a one-off pool for one month.
@sharil
Thanks for your response, @sharil As advised in the Post and in the Comment above this one, please post what would be your level of investment, so I can assess whether the Pool can go ahead on April 25.
How to check my level investment?
You need to decide how much SMART you want to invest, then post that amount here.
100 smart
Thanks, @sharil. We are now 50% of the way to our target as I will be contributing 150 SMART so between you and me and the other 2 contributors, we are now up to 500 SMART.
How its work
If you have a specific question please ask it. It's fairly simple, I will be releasing the address to which you can send the smarts before April 25, or if you wish you can send it as a smartbot tip. We are now up to 590 SMART by the way, thanks to another contributor increasing his level of investment.
Hi, @sharil Please read this update on the Smart Rewards Pool where you can find instructions on where to send your 100 SMART before June 25: https://steemit.com/smartcash/@auskiwi/smartcash-smart-rewards-pool-update-22-june
I dont have 100smart...how to buy it?
If you really want to buy it you need to go through an exchange. But an easier way is to earn it by writing articles on Steemit to promote Smartcash. Go to @smartcash and join Team Smartcash if you are interested in that.
@smartbot tip @auskiwi 20
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Σ20 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.087 USDperSMART. Current value of the tip is$1.74 USD. To find out more about SmartCash, please visit https://smartcash.cc.