Hey @Kofibeatz! For you to earn SmartRewards you must hold a minimum of 1,000 coins in your SmartCash Wallet and you cannot withdraw. The snapshot is every 25th of the month. The interest earned can be 5-12.5% and depends on how many coins you have in there. The more coins the more free coins earned. Off of 1,000 coins we have seen anywhere from 45-85 a month free coins. This can go up or down depending how many people are splitting the rewards pool each month.
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Ok, makes sense. So if one is to leave for example 85 new free coin in the reward wallet, it would automatically compound?
Yeah each snapshot, it takes a full picture of your wallet after it adds the new coins from SmartRewards
Do I need to activate the snapshot. What if I don't open my wallet until the 28th, does it effect the snapshot? How do they do the snapshots?
It doesn't matter if you open the wallet or don't open the wallet. You can add coins every day, to all your wallets, and then go check on them if you want. What matters is that you don't SEND any FROM a smart rewards wallet to somewhere else. You can send coins from one of your wallets that isn't smart rewards, marked "spending" by default (: We can do a video on this soon!
Please encryptd