One of the coolest features of SmartCash is the passive income via SmartRewards. For each 1000 coins that are held for a month in a wallet you earn part of the mining pool of SmartCash. The day of the next snapshot is March 25th, 7am UTC - in a few hours from now.
Smart Rewards - What You Should Know
Whenever you decide to eventually take out any of the SmartCash held in that wallet you will inevatably loose the ongoing SmartRewards month for the entire wallet address.
This is a huge incentive to even hold the newly created SmartCash instead of selling it off right away every month. You have to to think very well about the moment of when and why you take out your coins as it will create opportunity costs for you. However, you can always add more SmartCash to the wallet without risking your SmartRewards. The added coins will taken into account after the next snapshot.
The amount that is allocated from the mining pool to SmartRewards is 15%. This is being shared between all eligible SmartCash holders when the next snapshot happens. Each person gets a share according to his percentage of holding. As more and more people come into Smartcash and hold their coins the overall percentage for the pool is sinking. I have read that it will be about 3.5% of your holdings this month.
SmartNode Upgrade
It is also interesting to know that you can stack up your SmartRewards wallet to 10K holdings and then easily convert it into a SmartNode for which you only need tu rent a 5 Dollar VPN server. This, however, works currently only with a desktop wallet.
Please check out this guide for further instructions.
You can earn both SmartRewards and SmartNode rewards at the same time in one wallet. If you take out SmartCash the node continues to produce (if you stay over 10k) but the SmartRewards are nullified for this month.
Conclusion
If you have SmartCash then stay ready. Make sure that you have all your SmartCash in the right wallets to prepare for the next snapshot but also don't mess it up last second. Remember you cannot take out anything before the snapshot happens if you already waiting for your SmartRewards.
Personally, I think this is an awesome feature. However, it is also sinking in profitability with more people holding. And there is currently only 5% of the mining pool actually allocated to miners themselves which is very low. There are things the decentralized SmartHive has to solve. But SmartCash already feels like a very solid project and a coin that is a lot of fun to earn on Steemit and hold for passive income.
Check out for their weekly SmartCash giveaways.