Published on Feb 21, 2020
SmartCash is a community governance, cooperation & growth focused blockchain based currency & a decentralized economy.
We strive to allow the community to control the fate of the coin, the governance, the budget, usage and encourage community development.
SmartRewards are a price stabilization mechanism and a way to encourage long term holding.
In order to provide a quality merchant experience, having Instant Transactions is a must, therefore, say hello to InstantPay.
Traditional cryptocurrencies, like Bitcoin, reward only the miners while neglecting the other actors that play an active role in maintaining, developing and promoting the project. SmartCash is a community-centric cryptocurrency, where community and development comes first. 70% of the block reward has been allocated to fund SmartHive community proposals as well as the Hive Teams. 30% of the remaining block reward has been allocated to Mining (5%) and SmartRewards (15%) and SmartNodes (10%).
With SmartCash we have placed a huge focus on the community, so much so that we set aside 70% of the budget to fund projects the community would like to pursue, leaving only 30% for certain projects like system maintenance and some other basic needs. We highly encourage anyone with the skills to help grow SmartCash to get involved in the community and bring your best creative ideas with you.
30% - Hive Structuring Team
Funds ongoing maintenance through dedicated SmartHive Structuring Teams.
70% - Community Treasury
Funds allocated for community projects and goals.
SmartCash mining prevents mining centralization and stimulate network growth. Every computer can be used as a mining device while still allowing that computer to be used for various other tasks. ASICs have yet to be created for the Keccak mining algorithm and it’s probably safe to assume no ASICs will be created for quite some time, until Smartcash reaches a considerable market cap.
