Crypto Investments
Over the past year or so I have been trying my hand at the trading game with Cryptocurrencies. Some I have made a quick buy and sell and made a few quick bucks, others I have held, some for better, others for worse! Occasionally I will blog about the next investment I am looking at and why.
SMART CASH
What is SmartCash? Directly from their website: http://smartcash.cc
SmartCash is a project born out of the desire to create a viable, fungible, fast, merchant oriented, user friendly and community driven cryptocurrency with a decentralized governance system. We aim to create the most nimble and fast growing cryptocurrency by aggressively prioritizing block rewards to growing our community, hiring developers, gaining merchant acceptance and via grassroots community outreach efforts and established marketing methods.
Essentially this coin is community driven with the team aiming to create and maintain a decentralized governance structure. They aim to do this through their SmartHive and Hive Structuring Teams (HST) that will enable anyone that holds coins to have a vote on proposals submitted by the community. ANyone will be able to get involved and submit proposals with the aim being to create a bottom-ip management structure and drive growth in the platform.
SmartRewards
The most fascinating thing for me is that you are able to hold and then stake your SMART tokens and receive rewards (in SMART tokens) every month. The company term them SmartRewards and it is a mechanism to encourage investors to HODL tokens rather than trading them willy nilly!
SmartRewards are a price stabilization mechanism and a way to encourage long term holding. Long term holders are key to the project’s success since the SmartHive treasury needs SmartCash to appreciate in value in order to fund meaningful 3rd party proposals and help grow SmartCash into a successful global crypto-currency. Each wallet address holding at least 1000 SmartCash will get paid each 30 days on the 25th and the snapshot for the next month will happen at the same time. The SmartRewards will come out of the 15% block reward allocation.
SmartNodes
Another fascinating feature of SmartCash is that run a SmartNode (similar to a Witness setup, though not elected) all you need to do is have 10,000 SMART tokens, a dedicated VPS (IPv4 address, 1GB RAM, 20GB drive) and be able to run 24 hours a day without a more than an hour of connection loss. You then get 10% of the block reward on every block. The setup guide and FAQ for the SmartNode can be easily located on their website.
Team Smartcash - Steemit Community
Then there is the 
Current Reward Structure:
- 300 SMART bounty for Team SmartCash banner of the month
- 10 SMART per article up to 4 articles per week
- 200 SMART bonus to best article of the week
- 40 SMART for Team SmartCash MVP of the week
Reminder: Rewards payouts will only be made for original content. You can also translate other's posts into another language, with permission from the creator of that post.
I think that the SmartCash coin, as a community focussed coin, is building a great following and has built a fantastic concept. By allowing coin holders to gain rewards, vote on proposals and run SmartNodes if they wish, I cannot seeing this coin being a 'flash in the pan' type of investment. If you want to get the most out of your SmartCoin investment then you need to purchase 1000+ coins and stake them to gain more rewards. For more information on SmartCash, check out their website: http://smartcash.cc or check out the #smartcash tag here on steemit.
Thanks for reading.
This post is not intended as investment advice. Please conduct your own due diligence before pursuing any investment
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