Smartrewards: smartcash is a community driven incentivized cryptocurrency. As part of a price stabilization mechanism and incentive to smartcash holders the concept of smartrewards was implemented.
The idea is you hold your smartcash in your wallet and every month you earn more smartcash as rewards to hold these smartcash.
However to get these smartrewards you need to meet a few conditions. First you need to store 1000 or more smartcash at one given address.
Secondly there should be no outgoing transaction from that particular address in the last 30 days.
Those addresses in your wallet that meet the above 2 conditions become eligible for receiving smartrewards.
On the 25th day of every month a snapshot is taken of the eligible addresses that meet the above criterion.
So if you want to know how much smartcash do I get paid then consider this
“15% of the block rewards are set aside between the 25th-25th of each month, which are then split on the 25th between all addresses proportional to their balance that have held between snapshots without sending out coins. Addresses below 1000 SmartCash do not get paid. ”
Smartnodes: A person needs 10,000 smartcash as collateral to run a smartnode. A Smartnode is like a masternode needed to validate transactions and help run the network efficiently.
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smartcash discord channel
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