In my fourth episode for the @SmartBee project I am looking closer at the decentralized SmartCash community called the SmartHive. With the SmartBee I have developed an animated puppet through the SmartCash proposal system to create informative videos explaining the major features of the coin.
Here is the transcript for episode four:
Welcome to SmartCash, a young merchant oriented blockchain technology that offers great features. In this video we have a closer look at one of them: the SmartHive!
SmartCash is financing its unique features with a reallocation of the mining rewards. In the previous videos you have learned that 15% go towards SmartRewards and 10% to SmartNodes. Currently, 70% of the block rewards are dedicated to fund community development: The SmartHive Project Proposals receive 46% and the Hive Teams 24%.
The intrinsic value of SmartCash is the SmartHive governance model and how the community can vote to fund the best projects. The funding comes from the block rewards stored in the SmartHive Project Treasury and administered by the SmartHive.
The idea is that the SmartHive Governance Portal engages community members and other 3rd parties interested in growing SmartCash into a global worldwide currency. Everyone can create a proposal that helps SmartCash in some way or another with a fee of 100 SMART. Then every SmartCash holder also can participate in the voting process and help decide if its worth getting funded or not by the SmartHive Project Treasury.
All users have the ability to vote; 1 SMART equals 1 vote. Proposals are open to vote for 14 days and payments will be made in accordance with the delivered milestones.
A major difference compared to other cryptocurrencies is that we believe core teams can ultimately lead to inefficiency and centralization. In order to create and maintain a decentralized governance structure SmartCash has Hive Structuring Teams. These teams are in charge of vital project areas, such as development, outreach and support and consist of people directly involved in the project. Every Hive Team runs independently, but cooperatively resulting in organic growth.
So, this is the SmartHive. If you would like to learn more about SmartRewards and SmartNodes please watch our previous videos. In the next episode we will have a closer look at SmartCards . And I – bee you next time.
SmartBee Videos
For more information about SmartCash please watch the following videos:
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Steemit: @smartcash
Website: https://smartcash.cc/
Twitter: https://twitter.com/scashofficial
Discord: https://discord.gg/VMwh3TR
Let me know what you think about the SmartHive video and the SmartBee in the comments below.
Damn your animation has gotten really good ! I have been interested in Smartcash ever since the start. But lately I haven’t heard much news of development. What is in the pipeline and do you think it will be listed on any bigger exchanges soon? That could make a world of difference I think
We can share this idea in the Kingdom of Morocco
So we can promote it and make more money
How many smartcash coins do I have to buy before I can manage a masternode on smartcash blockchain
Greatly explained with details about each and every thing thanks for sharing this video :)
YO - YO Smart Bee - You rock! Thanks for those updates!
A great idea but a huge project that deserves the support of the state
bee the way. in 7 days my first smart node pay put is coming :)
its was some small problems but got it up in 2 days. exciting.
@smartbot tip 30
Σ$$$ Tipped @flauwy
Σ30 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.068 USDperSMART. Current value of the tip is$2.04 USD. To find out more about SmartCash, please visit https://smartcash.cc.