The Bull Case for SMART. Why Smart Cash may be poised to go from $0.01 to $0.10
TL:DR Bitcoin rewards only the miners while neglecting other actors, SmartCash realizes that a community-centric cryptocurrency was necessary. In Smart Cash: 80% of the block reward is allocated to fund community proposals, 15% for “Smart”Rewards for hodlers and only 5% for miners.
SmartCash (SMART) is pursuing a very rigorous development schedule and is constantly improving. This team is doing a lot of stuff with this project, but for now, I just want to focus on the rewards side of SMART and how important this is for the success of a coin (as ETH is now realizing).
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.
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 27th, after the snapshot date, you’ll have to wait around 60 days to get paid.
Payments occur on the 25th of each month.
The ‘Core’ team here believes that Core teams are a bad idea and something that ultimately leads to inefficiency and corruption. They 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, they 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.
I see SMART going into the top 100 coins with out too much trouble, looking at the community and the coin alone. Then I look at all the 100% crap coins ranked higher in Market Cap and feel sure that Smart will be able to replace most of them.