Well, we finally did it. We created the first and only (to my knowledge) Smart Rewards Pool, which allows anyone with any amount of Smartcash to earn Smart Rewards, which is the great interest earning opportunity normally only available to those who hold 1000 SMART or more in a Smart Rewards account.
https://smartcash.cc/what-are-smartrewards
The Smart Rewards Pool is now active for the month starting 25 June 2018, and as of today, the estimated Monthly Reward Percent is 1.67%
(This number usually increases as the month goes on, and you can check the Smartrewards Calculator on the above link for updates as we get closer to July 25).
There are two ways that a Steemit user can participate in the Smart Rewards Pool:
1: Become a Free Member by leaving a Comment below stating "I want to be a Smart Rewards Pool Free Member".
You will then receive an equal share of all SBD earned by Posts on this Blog this month (before July 25) with Smart Rewards interest added.
(Dont forget to Upvote and/or Resteem to ensure the success of these Posts)
2: Become a Full Member by leaving a Comment below stating "I want to be a Smart Rewards Pool Full Member".
In your Comment, please also state the amount of Smartcash you wish to invest and send it to:
SgVbxFqK1tFVfcS1LXLg35LQhbaZXwg8E6 before July 25.
You will receive your Smartcash back with Smart Rewards interest added after August 25.
Here are some more useful links about Smartcash:
https://steemit.com/@smartcash
https://twitter.com/scashofficial
Below is a list of all our Members who are in the Smart Rewards Pool for June 25 - July 25:
@sinlg 730 SMART
@auskiwi 333.76 SMART (272.78 SMART on June 25 snapshot)
@photoquote 0.016 SBD (0.244 SMART)
@sinlg 0.016 SBD (0.244 SMART)
@leetahsar 0.016 SBD (0.244 SMART)
@eggstraordinair 0.016 SBD (0.244 SMART)
@nexusvortex777 0.016 SBD (0.244 SMART)
So go ahead, if you want to be a Free or a Full Member, leave your Comment below:
"I want to be a Smart Rewards Pool Free Member".
OR
"I want to be a Smart Rewards Pool Full Member".
how do we participate for the July/Aug month? since the snapshots happen only once?
The snapshots happen once a month. Given that you and I are the only investors (Full Members) so far, I suggest we just roll over the current investment. In other words, we don't withdraw anything on July 25. I am happy to pay out the SBD amounts to the Free Members from funds that I already hold in my Steemit account as the amounts are relatively small.
ok.. but the gains in rewards do not get compounded?
Not sure about that. Maybe there is a lag of a month, but eventually, any interest added to the account will be included in a snapshot, just not sure if it will be for the July 25 or the August 25 snapshot.
and adding interest into the same address, will it void the interest for the month?
No, adding doesn't void anything, only withdrawing. https://smartcash.cc/what-are-smartrewards/
@smartbot tip 30
Σ$$$ Tipped @auskiwi
Σ30 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.091 USDperSMART. Current value of the tip is$2.73 USD. To find out more about SmartCash, please visit https://smartcash.cc.@smartbot withdraw 10 SgVbxFqK1tFVfcS1LXLg35LQhbaZXwg8E6
@auskiwi:
Σ9.99 SMARThas been withdrawn from your account toSgVbxFqK1tFVfcS1LXLg35LQhbaZXwg8E6. You have been chargedΣ0.01 SMARTwithdrawal fee. Transaction13014eb98434162a79af4db03afe4881d88ba8f6aab67375e50b57c0edbe4f2bis now completed. To monitor the transaction status click HERE.@smartbot withdraw 20 SRuuHSGodKNxDdJdmmqfGLja2g4PTJUYsq
@auskiwi:
Σ19.99 SMARThas been withdrawn from your account toSRuuHSGodKNxDdJdmmqfGLja2g4PTJUYsq. You have been chargedΣ0.01 SMARTwithdrawal fee. Transactionf7c4f47a6e5f5efaddf7eb5cb1983fd4570b8a8bb57f4172c3c85b5f46b9da65is now completed. To monitor the transaction status click HERE.There are new changes for SmartRewards, so I not sure how that affects us...
What I've read is :
SMARTREWARDS
One of the first things everyone gets to understand about #smartcash is the #smartrewards feature. This is the feature where a holder of 1000 #smartcash who does not move it during the cycle from the 25th (snapshot) to the 25th of the next month is paid #smartrewards. These come from 15% of the block reward during the period and, they are shared out to all addresses that qualify.
WHAT HAS CHANGED ?
SmartRewards are to be mined directly from blocks and paid to your address. These coin will now show on your transaction list as Mined and not Received as it previously did.
SmartRewards will no longer be paid on a specific date
Snapshots will be based on number of blocks and not calendar date