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RE: Smartcash Smart Rewards Pool Update June 28

in #smartcash6 years ago

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