SmartCash SmartRewards Payout Percentages by Month
I was able to find an answer to a question I had in my SmartCash Inflation Rate post where I wanted to know if there was a place you could go to see the percentage SmartRewards ends up paying out each month.
In the SmartCash discord Solarminer let me know about the monthly reports (e.g. Jul, Aug, Sep, Oct) which lists all the SmartRewards payout amounts by address, and I was able to easily determine the SmartRewards payout percentage by looking at the addresses that received the lowest rewards. For example, at the end of the September report one of the addresses that received the least amount of SMART was SVYSXhgtvB1XzjQ9C8radDCq6WohfvxL79 which received 384 SMART so assuming they had a 1000 SMART balance, the SmartRewards payout percentage in September was 38.4%.
They haven't published the November report yet, but you can find the November payout percentage by looking at the blockchain. I found one particular address, SYmREn76CaD5GanvdmKewWQG916mqFSNpB where the owner deposited 100,000 SMART on July 25th and has just left it sit there earning SmartRewards which enables us to calculate the SmartRewards for August, September, October, and November too which I summarize below.
As you can see in the table below, that was pretty smart move by SYmREn76CaD5GanvdmKewWQG916mqFSNpB to deposit 100,000 SMART and have SmartRewards turn it into 992,095 SMART in four months :)
| Day | Incoming (SMART) | Address Balance | SmartRewards % |
|---|---|---|---|
| 25th Jul 2017 | 100,000 | 100,000 | |
| 25th Aug 2017 | 405,282 | 505,282 | 405.28% |
| 25th Sep 2017 | 194,286 | 699,568 | 38.45% |
| 28th Oct 2017 | 174,932 | 874,500 | 25.01% |
| 25th Nov 2017 | 117,595 | 992,095 | 13.45% |
While looking at the October report I also found a link to an estimator to estimate the upcoming SmartRewards percentage in future months, and currently the estimate for December 25th SmartRewards percentage is 7.38%.
Hi two Dollars, according to my knowledge is not possible to determinate the percentage of smartrewards bc, it depends completely on the numer of addreses holding 1000 to + smarts. I mean, if there is only 1 elegible adresses the % will be according to the # of smarts in the adress... so. the % is changing along the 30 days cycle bc there is people moving their coins.
Yes that is my understanding as well. The table of data shows things after the fact once the payout amounts are actually calculated. The link I provided to the SmartRewards estimator is just an estimate because, as you mentioned, things are likely to chance during the course of the month.
if often changes.
I thought I could have an approximate using the SmartRewards calculator that appears on the official SmartCash site just after the capture of the 25th. Of course, the amount can rise if someone moves your Smart from the wallet within 30 days.
@smartbot tip @twodollars 50
Σ$$$ Tipped @twodollars
Σ50 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.062 USDperSMART. Current value of the tip is$3.10 USD. To find out more about SmartCash, please visit https://smartcash.cc.Whatever the percentage monthly, as long as I receive my smart rewards, it makes me happy.
Sang ayon ako dyan bro. :)
Nice post it encourage every investors, you have earn double impact of smartcash and steemit reward :)
Returns are just insane. Almost 10 times original investment. Wow.
@smartbot tip @mawit07 100
Σ$$$ Tipped @mawit07
Σ100 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.062 USDperSMART. Current value of the tip is$6.20 USD. To find out more about SmartCash, please visit https://smartcash.cc.MVP of the week
@hockleyj truly appreciate the gesture. Thank you very much.