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RE: 🚀 SMARTCASH HOLDERS GOT 400% IN REWARDS IN THE FIRST MONTH! 😧😳🙃
400% is point-blank flabberghasting, I just got into SmartCash in the middle of October, so I have to wait until November 25th to get the SmartCash rewards for the next monthly cycle, but I'm hoping it's still pretty decent, even the low double-digit % would be great. WOW 400%!
Don't worry, even I myself lost on the 400%. But it was the reason I decided to buy in because I thought the next round would be at least 100%-200% but it turned out to be only 38%! :]
does that mean the coming rounds are going to drop exponentially? 400% to 38% does that mean the next rounds will also make similar drops? Is it kind of like downward parabolic curve rather than linear? What do you anticipate October 25th is going to be?
It all depends on how much how many people decide to hold. I can't tell you numbers but it will most likely be less than 20% for the next round...
Is it safe to say: as the mining gets harder to do (more work required for less SmartCash) and the number of people holding SmartCash grows significantly, we can expect the SmartRewards to shrink every month going forward. In other words, in the future years ahead, the SmartRewards are likely going to be less than 1% as interest in the currency grows prodigiously.
Yes. That's what is supposed to happen. But at the end of the day, it depends on how many coins will be mined each month and how much funds will be eligible. It is also possible that the project finishes earlier than expected and the community budget might turn into its own reward system to incentivise holding.