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.
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.
SmartCash (SMART)
0.064378 USD (-0.34%)
0.00000914 BTC
RANK 109
MARKET CAP $67.84 M USD
VOLUME (24H) $885.44 K USD
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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.
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.
After purchasing SMART as mentioned in detail below, you will then be able to transfer SMART Tokens to the wallet of your choice.
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?.
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.
In the following links you can find more information and get in touch with the community:
Steemit : https://steemit.com/@smartcash
WebSite : https://smartcash.cc/
Twitter : https://twitter.com/scashofficial
Discord: https://discord.gg/VMwh3TR
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