SmartCash, SMART | The Beginner’s Guide
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What is SmartCash?
SmartCash, so what is it? It is an altcoin/Cryptocurrency with similar characteristics to seek mass adoption faster and with more privacy. SmartCash looking to avoid the idea of centralized mining, foundations or core teams, unlike Dash SmartCash is a community-driven Cryptocurrency built on the zero cash protocol.
SmartCash prioritizes faster transaction times and privacy with the goal of merchant adoption. The distrust in central authority has sparked a fast growing community with very cooperative networks & communities looking out for the best interest of this revolutionary Cryptocurrency.
SmartCash implements a number of decentralized governance and development features. A community set aside for the development of SmartCash is supported by the community and funding is provided in a relatively fair and just manner. The popularity of SmartCash is rapidly growing, it still relies on the community members to spread the SmartCash Word, it has an interesting perspective on untraceable, anonymous and usable Cryptocurrency.
SMART Token
On the 11th July 2017 SMART and the network were launched maintaining a fairly stable price over a period of 6 months. January 2018 the price of Smart became very volatile in a matter of weeks where it peaked, fell and peaked again.
According to coinmarketcap.com SMART is amongst the top cryptocurrencies ranking at 109th place (at the time of writing the article) by total market cap.
0.064378 USD (-0.34%)
0.00000914 BTC
RANK 109
MARKET CAP $67.84 M USD
VOLUME (24H) $885.44 K USD
Powered by CoinMarketCap
SmartVoting & SmartHive
Putting the emphasis on a “core team” could be seen as corrupt and minipulatable to an extent, SmartCash believes that having a community looking out for the best interests of the community, developments and growth of the coin is of greater value then making money. Bypassing the conflict that comes with various opinions you can have your say by voting for new features or developments to help the community grow. In many instances ICO’s have been taking money from people promising the world and not even offering a lunch time snack because of the greed that fills such developers too only cater for their own benefit.
SmartCash proposes a governance model inspired by both the ways ants and bees self-organise. The idea of creating the SmartHive aims to empower community members to clear projects proposed by small teams of developers. With an argument in mind that there is a possibility that this method may become inefficient, SmartCash community members believe that self-governing teams can be more efficient than guided development.
SMART Token holders have a 1:1 voting power, for every 1 SMART Token held is equalled to one vote. With a bottom-up management structure where projects will receive funding from the SmartHive, members will then receive funding for the completion of those proposals. SmartHive is the lifeblood of the project and will govern the project indefinitely.
Every Block mined will then have a percentage donated to the SmartHive and will be used for developments and future developments.
SmartRewards
The word REWARD draws a lot of attention to SmartCash and actually rewards community members for HODL’ing SmartCash. SmartRewards encourage long term holding of SMART tokens. This can be seen as an effective manner in price stabalization as well as the volatility of SMART on exchanges.
Wallets holding 1000 or more SMART will be rewarded on a 30 day cycle (25th of every month) for holding or not spending the SMART. These rewards are given from another block reward allocation similar to the SmartHive. Provided you do not spend tokens for a 30 day period you will be rewarded. To be eligible for the reward you will have to move the funds to a single address before the 25th of the current month and be rewarded your share of SmartRewards on the 25th of the following month.
Storing SmartCash | SMART
If you don’t already have a SMART wallet be sure to visit the Wallets Page on the official SmartCash website to help you decide which one suits you best.
After purchasing SMART as mentioned in detail below, you will then be able to transfer SMART Tokens to the wallet of your choice.
How to Buy SmartCash | SMART
SmartCash trades on various exchanges, you will be able to exchange a number of cryptocurrencies such as BTC, ETH, LTC etc. for SMART Tokens. It is not recommended to purchase these tokens from social media platforms or other know scamming methods. Read more on where to buy SMART here.
Mining | Another way to obtain SmartCash | SMART
Early 2018, the mining network of SMART had over 17 TH/s of mining capacity. Using a Keccak mining algorithm, known for its ASIC-resistance and promoting of decentralized mining capacity.
On average, the block time is approximately 55 seconds and the reward per block around 101.8 SMART.
For a more in depth view of mining be sure to read this article by @fishmon SmartCash? -How do you mine it?.
Conclusion
This revolutionary Token SmartCash is a fast and growing Cryptocurrency and offers so much more for the community members than the majority of alternate cryptocurrencies. This can be seen as the beginning of a new paradigm for decentralized development and the use of smaller and more focused teams.
Being decentralized and focuses on rewarding community members, this transparent, secure and private Token can be seen as the benchmark for future developments and communities hoping to achieve mass adoption.
With a healthy war chest for the funding of future developments and projects, up to this far the first half of 2018 has had some testing times as the whole Cryptocurrency market has started to be more stable and less volatile.
Steemit : https://steemit.com/@smartcash
WebSite : https://smartcash.cc/
Twitter : https://twitter.com/scashofficial
Discord: https://discord.gg/VMwh3TR
Hi! I am running a SmartCash price prediction contest.
The winner will get 30 SMART. To join it, just upvote my post and leave a comment with your prediction :-)
Here is the link:
https://steemit.com/smartcash/@cknr7/smartcash-price-prediction-contest-round-2-predict-the-price-and-win-30-smart
@endlesstopics, I'm interested in the same topic as you, let's spin it together. I signed on to you, I hope you'll sign up for me. Always glad to meet new people!
Look forward to connecting.
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STOPTo support your work, I also upvoted your post!
please be aware #smartcash is different from #smarttoken
Thank you @niego, but I believe you have misunderstood the article.
Reference: See the third line were you used the term Smart token #Smartcash is a coin not a token. There happens to be another project name "smart token"
Thank you for your in-put. Wold you then refer to it as SMART Cryptocurrency?