Video: What Are SmartRewards? - The Animated SmartBee EP02
In the second episode of the SmartCash series we are looking closer at the SmartRewards, the price stabilization mechanism and passive income feature. For a more broader overview over SmartCash please watch the first episode of the SmartBee.
Narrator Text
Welcome to SmartCash, a young blockchain technology that offers great features. In this video we have a closer look at one of them: the SmartRewards!
SmartCash comes with an integrated price stabilization mechanism called SmartRewards that encourages long term holding. Here is how it works:
On the 25th of each month a snapshot is taken from all addresses. If it contains at least 1000 SmartCash before the snapshot and does no withdrawals until the next snapshot – then it becomes eligible to receive SmartRewards which are paid to each address automatically on the 25th. You can always move your SMART out but if you do your address becomes ineligible for the next SmartRewards. However, you can add more SmartCash without risking your SmartRewards but must wait until the next snapshot to make the added sum eligible as well.
The SmartRewards are coming out of the 15% block reward allocation while another 5% goes to miners, 10% to SmartNodes and 70% to the SmartHive Project Treasury. All addresses eligible for SmartRewards are sharing the available pool with other. That means the more people hold on to their SmartCash the less will be paid out per month. You can always find the SmartRewards calculator on the Smartcash website to get the current estimated monthly reward percentage.
There are several ways to earn with SmartCash. Stay tuned for the next video where you learn more about SmartNodes. And I BEE you next time!
Video
Links
For more information about SmartCash please see the following links:
Steemit: @smartcash
Website: https://smartcash.cc/
Twitter: https://twitter.com/scashofficial
Discord: https://discord.gg/VMwh3TR
That bee really needs to learn how to pronounce eligible. Anyway, great video.
Sure thing, I just did. Pretty unintuitive for my little bee taste. I also checked the spelling of pronunciation because I wondered why you put an ou in the middle... ;-)
Yet another superb SmartRewards video from the Smartcash Team as always! Just a quick reminder that the Project-Atlas / Smartcash Promotion Campaign is still running on Twitter ~ Please come and enjoy all the interaction on the Twitter Hash Tag [ #SmartCashTheory ] Here is a ( link below) to my latest Steemit Post ~ Please come & support us Smarties Bees 🐝🐝
https://steemit.com/smartcash/@andy4475/smartcash-theory-twitter-campaign-project-atlas
Thank you, I will have a look at your link. :)
Good and great video @smartbee
Great work Bee.
We're still loving this series!
Awesome! Greetings to the far away Australia. Do you have bees there?
We have a wide array of Bees in Australia, both native and introduced. The European Honey Bees are common throughout the entire country, while the larger Bumble Bee has now spread through, and is just as common in Tasmania.
Our native bees are a little different (as all animals and plants that have evolved down here in isolation are). A lot don't even sting and use different pollination techniques to their European cousins.
Pretty cool huh!
I wanna meet those bees one day!
what happened to the video on Youtube? Why would they pull it?
No clue why they suspended the account. Use DTube for now.
They have activated it again.
nice work here.
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@smartbot tip 30
Σ$$$ Tipped @smartbee
Σ30 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.098 USDperSMART. Current value of the tip is$2.94 USD. To find out more about SmartCash, please visit https://smartcash.cc.Didn't know Steemit had tip bots! That's pretty neat.
Nice work.
Thank you so much
Well done! Upvoted!!