Hey everyone, as to not spam with any updates and such I thought it would be cool to just have an on going thread of SmartCash related news for everyone to keep up to date with. So I occasionally may come here and bump this thread with some updates and such but lets just start with the basics first: (from the website of course) THE SMARTCASH CONCEPT 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. Fungible Fast Transactions Community-backed Inclusive THE SMARTCASH CONCEPT 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.

SmartCash Parameters Coins per Block: 5000 coins (with gradual reduction per equation below) Blocktime: 55 seconds Maximum supply: 5,000,000,000 Blocksize: 1 MB (to be changed to Adaptive Blocks) Algorithm: Keccak Difficulty Management: BRNDF BLOCK REWARD SPLIT: 20% - MINERS/SMARTREWARDS 80% - SMARTHIVE/HIVETEAMS THE RECIPE FOR SMARTCASH SmartCash has been specifically designed with adoption, fungibility & ROI in mind. Top SmartCash SMART Miners more. THE SMARTHIVE Wanna get involved?

Smartcash Mining on. On the dashboard you will have a count of your mined smart. World about how awesome Smartcash is, and how you are mining it. Jan 3, 2018 - To earn SmartRewards, user's simply hold at least 1000 SmartCash to there wallet of choice to earn monthly dividends lifetime until the last SmartCash to be mine! 15% of the block reward monthly has been allocated to fund SmartRewards. Also, members are not required to go online, or spend some.

The SmartHive has a place for folks of all backgrounds. We believe ‘Core’ teams are a bad idea and something that ultimately leads to inefficiency and corruption. We want to move past it and create a decentralized organizational model inspired by ant and bee colonies. In order to create and maintain a decentralized governance structure, we are introducing two concepts SmartHive and Hive Structuring Teams (HST). SmartHive enables anyone that holds coins can vote on proposals submitted by the community. SmartHive will be the lifeblood of the project, which will allow anyone to get involved and submit proposals, helping to generate organic growth at a grassroots level, creating a bottom-up management structure. HIVE STRUCTURING TEAMS The Hive Structuring Teams (HST) will lay the groundwork for the project and set the framework for the project’s evolution.

Initially, the Hive Structuring Teams will operate three separate departments in charge of vital project areas, such as development, outreach and support. Each of these three departments will end up employing people. As teams grow larger, bigger than eight members, more teams will be created, each with its own budget and team coordinator, operating autonomously without a central command and control structure in place. The Hive Structuring Teams will consist of people directly involved in the project on a day to day basis, while the overall SmartHive will aim to enroll and engage community members and other 3rd parties interested in growing SmartCash into a global world wide currency. SMARTVOTING All Smartcash users deserve a voice, from day #1. That is why Smartcash is pioneering in the crypto-governance space and was built around Smarthive, the platform that lets all users vote on the direction of the project.

More information will be released soon describing this platform in depth. Basically, each SmartCash Token is worth 1 vote, to keep it simple. SMARTREWARDS 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 average after the 25th snapshot date. The SmartRewards will come out of the 15% block reward allocation.

Here is a small example: if you buy SmartCash on the 24th, you’ll have to wait until the next month to get paid, which is around 30 days, however if you buy on the 26th, after the snapshot date, you’ll have to wait around 60 days to get paid. These payments will occur on the 25th of each month. All users need to move funds into addresses larger than 1000 SMART before the 25th to be counted. RENEW Fungibility is a key stone of the SmartCash platform. In order to achieve our end goal as a fungible and widely adopted currency, the Zerocoin implementation is the foundation best suited for reaching these goals. It provides users to create new coins via the Renew feature in exchange for older coins. These new coins have no history but are still viewable on a public ledger where all transactions can be displayed easily for all to see, which is key when implementing with merchant systems.

This solution disables tracking from services like Coinfirm, and is faster than Coinjoin based mixing. INSTANTPAY InstantPay ensures SmartCash is always blazing fast, no matter what you are buying. InstantPay is going to be a key feature that allows instant point-of-sale in-store and online purchases. People should be able to use cryptocurrency as means to pay for their daily needs. InstantPay makes that a reality and allows for transactions to happen instantly, even faster than using your Visa or Mastercard. No matter if you want to buy a coffee at your favorite coffee shop, fill up your tank at the nearest gas station, buy a bus ticket or pay for a video download, InstantPay makes that a reality. This is currently not possible with Bitcoin due to its technological limitations and network constraints, which result in transaction delays and high fees.

InstantPay is expected to launch late 2017. If you would like to learn more about SmartCash please visit and or visit to join our community forums. Our First ever major budget proposal was also approved this past month and is already hard at work on making it all happen pretty crazy first budget proposal if you ask me lol 'This SmartCash grant is designed to provide funds for a month-long campaign designed around 4 weekly food distributions every Sunday totaling 2,500 meals. An aggressive marketing campaign will precede this food distribution including local radio, local and international print media and social media. In addition to the food distribution a weekly seminar will take place introducing the public to crypto assets in general and SmartCash in particular. During the weekly advertising, a local representative will make themselves available to radio stations for interviews.

During these interviews, the spokesperson will invite the public to the seminars. During the promotional periods, food distribution and seminars all activity will be recorded for later use by the SmartCash community for promotion. In addition, the public will be introduced to our partner MonkeyCoin, which at the current time is the only fully legal way to trade crypto assets in exchange for the local currency through bank account integration. SmartCash will take it’s place alongside Bitcoin, Litecoin and Ethereum as the only sanctioned coins available on this exchange. It’s hard to overstate the importance of this first mover advantage. Safeguards Progress reports to the developers and community will be provided throughout the campaign, I understand that a yes vote places great faith in the project.

An arrangement has been made that will safeguard the Smartcash coins from being dumped on the open market while at the same time providing the liquidity needed to pay the vendors that will be executing this very ambitious project. Budget and Schedule Please see preproposal link Personal Note I have been in close contact with the organizers on the ground in Venezuela and every single one of them are expressing their sincere gratitude for being given the opportunity to show what they can do. Venezuela has been hit hard by political forces but the people are incredibly resourceful as we are all about to see.

On behalf of our new friends in Venezuela, I want to thank you very much for your generosity. ** VEF to USD and SMART to USD are extremely volatile exchange rates, the numbers will not align with the budget but were accurate at submission.