As promised I said I would put out an overview of Smart Cash. This is one of my favorite coins and I have not seen a coin advancing faster in development than when I bought ETH in 2016.
Smart Cash has serious potential longterm. I first started posting and commenting about it when is was between .03 cents and .06 cents in October. Its at .30 cents now even after the Crypto "crash", peaking at a high of $3 a month ago. It would have been nearly impossible to sell it for that because exchanges were shut down do to a major upgrade called Smart Nodes.
Smart Nodes require: 10,000 Smart, 20GB Storage, 1GB RAM Min., Static IP
SmartCash has nearly 10,000 Smart Nodes. More than Bitcoin and half many as Ethereum, with less than 1 month since Smart Nodes launch. More than any coin that I know of.
You can see on the map above, currently 9,100 Smart Nodes all over the world. This is what decentralization is suppose to look like. How in world does Smart have nearly 10,000 dedicated nodes already less than 1 month old? It's because the nodes are paid in Smart Cash to decentralize the network. Just imagine if Bitcoin was set-up in this way from day one in 2009, we would probably already have World Crypto domination by now....LOL.
Smart Nodes Live Info:
https://smartcash.bitcoiner.me/
But the Smart Nodes are just the beginning. Smart already has governance built-in. 1 Smart Cash = 1 vote. Everyone gets a say. Not just the miners.
Everything in Smart Cash is incentivized. Marketing, mining, staking, development, sponsors and so on.
There's one feature called Smart Rewards, where Hodlers get paid to Hodl Smart Cash. If you don't move your Smart Cash you get Smart Rewards for holding.
Currently the rewards for this month is going to be around 6%. The more Smarties move funds around the less addresses are eligible. Most users set-up a Hodling account and short term spending wallet.
Smart Rewards Eligibility Chart:
http://smartrewards.ccodam.dk/
Compounding Interest:
Let's say you buy 10,000 Smarts at .30cents and the price just stays flat. No coin appreciation in 1 year. This is what you'd have at the end approx. based on average Smart Rewards. Not counting running a Smart Node that would collect addition payments.
Return On Investment Years 1-5:
In first year. A $3000 investment turned into $6036, over 100% gains
By year five. A $3000 investment turned into $98,963, over 3,200% gains!!!! or 32 times your money.
Now this is taking into account a lot assumptions like Smart Cash will always pay out 6% monthly. This is unlikely as more investors stake there coins for the Smart Rewards. Another assumption is Smart Cash price staying at .30cents. It may go up or down. I believe its very likely that Smart stays around and price goes up.
Even if Smart Cash Rewards go down into a 6% interest rate per year instead of per month. If that happens meaning more and more investors stake for rewards, Smart is very likely to go up more in value. Upwards of $10 in 2018?
The point I am making here is that with Smart long as it stays around, which I believe it will, you can make great returns just staking your coins and reaping the Smart Rewards.
How does Smart do all this and other coins don't? Quite simply, the allocation of its block rewards are set-up in a way to incentivize the entire Smart Cash network. Like an entirely decentralized economy built to grow Smart infrastructure.
Here's how the block rewards are allocated:
Within the Smart Hive 30% go to Hive Teams. Essentially, you now have multiple Smart teams working on multi task at the same time. Instead of relaying one Core Team, you have multi teams working for common goal of Smart mass adoption.
Mind you not this coin is only 8 months old from founded in 2017. Going from $0 to $3 in this time period.
The Developers have built some pretty amazing user friendly features. Here what the Smart wallet looks like live.
Transactions are instant and super cheap. So cheap its almost free. There's no long string of address numbers like other wallets.
Smart Cash by email:
And they do presentations all over the world:
Anyone can submit their proposal to the community and get hired. Developers, Marketers, Speakers, Community Organizations, ECT.
Look at what they did in Venezuela just a month after they launched this past summer:
All paid for with Smart.
Smart even has a Point of Sale coming out for merchants. I even read a debit card is coming. To be honest there's so many features coming to this coin I can't even list them all. Also, this coin was not pre-mined to my knowledge.
Its pretty hard to find any negatives with this coin. One thing that I would like to point out is that the currently Smart is not trading on any major exchanges. It's a good and bad thing. The bad is that the coin is pretty illiquid but the volumes are exponentially increases since I started following it hard in early October. Volumes were getting to over $1 million daily from just $20K in Oct. This is typical for any newer coins. On the positive side if the coin gets added to Binance or Bittrex or any other major exchange, price and volumes will go exponential. In my opinion Smart will be added to a major exchange soon or at least sometime in 2018. There's just too much going here not to be added. Binance would be my first guess.
As I see fit. I will update the Steem Community on Smart Cash.
Exchanges for buying Smart:
If you bought Smart in the past from Cryptopia make sure you get them off of there by end of March. They no longer are trading this coin. CryptoBridge looks like the most liquid place for now.
To get involved and learn more, Smart has a great community on Discord. Here's the link:
https://discordapp.com/invite/BDUh8jr
Price is still down but starting to rebound from Winter Crypto Selloff. In my own opinion only nows a great time to pick up some Smart and get involved in this booming Crypto Community
Smart Cash - Is the People's Coin.
Interesting...
It's appears that it's not so hard to get some for a BTC. Just use cryptochange - no registration needed.
That is what I like most about Smart Cash
This is my favorite feature or aspect which I think is going to play a crucial role in pumping the price of SmartCash in the near future. Smart rewards ensure stabilization and encourage long term holding. Other cryptocurrencies such as Bitcoin simply reward miners while neglecting different parties that play a role in maintaining, developing and promoting the project.
Amazing write up on the SmartCash features. SmartCash truly allows everyone to have a say in the decisions with only $0.30 needed for a vote. The low barrier of entry to start earning from block rewards is awesome. The combination of SmartRewards & SmartNode earnings are phenomenal. I look forward to seeing how this project progresses in the future. If the Smartcard works out well, and we get listed on another large exchange, I think the price could soar from here.
Upvoted & Followed
Thanks!
SmartCash is a real people's cryptocurrency. It's one of a kind.
@smartbot tip @hedge-x 15
Σ$$$ Tipped @hedge-x
Σ15 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.297 USDperSMART. Current value of the tip is$4.46 USD. To find out more about SmartCash, please visit https://smartcash.cc.Compounding interest is a beautiful thing, and perhaps the most consistent path to financial stability throughout all assets and investments.
Those staked early will be rewarded hansomely, but so will the network. The affordability of a smartnode ensures a wide adoption rate, which will benefit the network, thus benefit those holding and transacting in it.
The stat about smart having more nodes than bitcoin already is...nuts. Great post overall, excellent summary of smartcash
Yeah Hedge-x, Smart Cash has some very interesting advantages, keep posting updates as you find them. Thanks :)
Wow those were some very detailed calculations man!! Good work!!
Thanks man! Smart Rewards were always a big draw in for me and the power of the HODL. I hope this helps others understand the power of compounding interest.
I was trying to get someone educated about smartcash earlier today in my comments. I'm actually gonna go edit that comment and link this article there :D
That's fine.
I have a pile thanks to a tip from @LukeStokes.
Yes, he also helped bring me into Smart Cash. I had been following Smart through the summer after its launch so I was already familiar with Smart. I hope it gets listed on major exchange. Smart is great.
Thanks for all the charts and opinion.Upvot and resteem.I appreciate your work..
Thanks. I been wanting to put together this article for some time now. Finally had a chance today to do it. II I am very excited about the longterm potential of #smartcash. I found the coin in the summer soon as it launched and its grow substantially since then in its development and price growth. New coins will always have their up and downs but I just really like where this one's headed. It looks very good especially if it gets onto a major exchange this year.
Great project ..invested a while ago and continue to do so.
Very good post sir.I love contests,this is gonna be interesting!Thanks for sharing!
Great job dear this project will fulfil their goal soon, I hope. Day by day smart cash will do easy our life and faster.
great post, loving the compound interest idea smartcash will be massive in 2018
Dear @hedge-x I'm new to your blog
Really you're giving a good post sharing with us
thank you for valuable post
SMART and EXCL are my favorites now from affordable coins
I'll have to checkout EXCL. Low market caps, high potential.
Never did the effort of reading on this coin. Amazing project, have to get some, thanks for putting everything i wanted to know in a short readable post, will follow for updates.
To the moon 😊
Very good picture and your story
Thanks for that valuable info :)))
Smart choice and precise in determining the future. Success is always best friend ...👍👍
assuming you have enough to put in the smartnode and indeed the price stays flat then you will make good earnings
The thing that bothers me a bit though is the fact that the returns end up on your staking or node account. So every time you want to move some you disrupt the staking for a month
For me the staking is really nice and interesting but in the end coins and currency are there to be spent. If everyone just holds they will never spend them and it will be harder for the coin to get traction.
In SmartCash its best to have at least 2 different accounts. A spending account and staking account. You just estimate how many Smarts you'll will be generating over a period of time and keep those in a spending wallet. My main issue is not with Smart but Cryptopia exchange. This was the only liquid exchange to buy Smarts until recently and I had so many problems with them. The main weakness I see in Smart right now is the lack of large exchanges trading it. If this changes over the next few months like I think it will - Buckle up! Smart can end up blowing past the Moon to Mars! Fingers crossed.
true, i have been buying them now on crypto-bridge but i get that not everyone gets the decentralised exchange thing (I barely do but I manage) and its not easy and there isnt huge liquidity
So indeed, a major exchange will be a good thing
Im just happy to have gotten my 10k at a reasonable price of cents instead of dollars
I've set up a node :) Super excited for SmartCash