#SmartCash. A complete guide for SmartRewards Setup. What are SmartRewards ? How does it pay off ? How to set-up your wallet to receive SmartRewards ?

What are Smart Rewards ?

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.

All users need to move funds into addresses larger than 1000 SMART before the 25th of ongoing month till 25th of next month to be counted.

How does it work ?

Each wallet address holding more then above mentioned amount of SMART in their wallet will get paid every month after an initial 30-day period of holding starting from 25th of ongoing month till 25th of next upcoming month, from the SmartReward block reward allocation of 15%. These payments will occur on 25th of each month.

To shed some light on the same, I would like to share a hypothetical instance here.

Suppose if a new user or even an existing user of SmartCash wants to take benefit of SmartRewards feature, in order to do so a user needs to make sure that he/she is holding or have accumulated more than aforementioned SMART in their SmartCash Wallet before 25th of ongoing month and have to make sure they DO NOT Move funds Out Of Their Wallets or SPEND THEM until 25th of next upcoming month. On 25th of next month user will get their SmartRewards credited to his/her wallet. At this point, User is free to choose to spend the entire amount of SmartCash available in his/her wallet or move them out .When you spend funds they move to a new address. If you spend after the new cycle starts, it will not be paid. If you want to allow spending smaller amounts in the future just split up your funds into a few addresses.

What is the Pay-Out ?

Currently 15% of the total Block Reward is reserved for SmartRewards distribution among Users each month depending on how much are they holding.

How to start earning SmartRewards ?

In order to start earning SmartRewards, first of all a user has to set-up his/her SmartCash Wallet.

• Go to https://smartcash.cc/get-smartcash/

• Download smartcash-qt suitable for your Operating System by simply clicking on suitable link.

SmartCash Wallet setup guide on Mac platform can be found here : https://steemit.com/cryptocurrency/@hannahlicious/how-to-set-up-your-smartcash-wallet-earn-free-crypto-just-by-tweeting-about-smartcash

Steps for SmartCash wallet setup on Windows are as follows :

• File which is been downloaded from : https://smartcash.cc/get-smartcash/ , should be in a .zip format on windows.

• Unzip it using : http://www.win-rar.com/download.html?&L=0

• Place the SmartCash-qt folder in your "C:" drive and launch it by double-clicking smartcash-qt icon

• Once wallet is been launched, It will start synchronizing with SmartCash network and depending on your processor's speed and internet connection's speed, it may take a while.

• Once synchronization is complete, then a user's wallet is ready to Send/Receive SmartCash.

All that is needed to be done now, is for the user to make sure that he/she is consolidating mining rewards or small transactions into addresses with more than a total amount of 1000 SMART in their wallet and reap the benefit of SmartRewards (provided that they do pay attention to the fact which is **Not To Move Funds Out Of Their Wallet Address nor SPEND THEM ** during an initial 30-day period of holding starting from 25th of ongoing month till 25th of next month).

The most important thing to pay attention to here is the User-Friendliness of SmartCash's - SmartRewards program, that a non-tech(y) user need not to setup any confusing configuration or compile a technical node or anything of such sort. Just simply buy SmartCash from an exchange and then transfer it to your wallet and just leave it simply and earn SmartRewards.

What if Someone has multiple public address on a single wallet ? How to consolidate balance(s) together ?

Step-by-Step Guide to consolidate your balance(s) at one address.

Step 1: Launch the wallet and go to "Receive" tab and Create a New Address for consolidation.

Step 2: Copy your newly created address and then, go to "Send" tab.

Step 3: Click on "Inputs" and then following window should appear :

Step 4: As one can see, that in given example there are a lot of 250 SMART in individual addresses that are NOT Eligible for SmartRewards. Your goal is to select these amounts, consolidate them to your liking, and send it to one of your "other" addresses which you created at Step 1 . After you have selected them, click OK.

Part of the reason of going through this step is to make sure you don't accidentally spend SMART in those accounts for you to hold.

Step 5: Simply Paste the address that you created and copied @ step 1. Fill in the amount, press send, and then go back to the "Input" box on "Send" tab.

Step 6: You can now see that your funds are consolidated into the addresses of your choosing. In this example, both of these accounts are eligible for SmartRewards.

Now, sit back and relax and watch your money earn money for you.

And all of this, is just the tip of the iceberg like I have mentioned earlier as well.

Anyone who will download SmartCash Wallet, Set it Up and tweets about SmartCash, gets to earn extra SmartCash for their efforts to spread awareness as an ongoing promotion by SmartCash Hive's Outreach Team.. To know more about it one can simply refer to this guide by @hannahlicious : https://steemit.com/cryptocurrency/@hannahlicious/how-to-set-up-your-smartcash-wallet-earn-free-crypto-just-by-tweeting-about-smartcash (Please Do not confuse Twitter Campaign with SmartRewards features, there is no similarity or familiarity between them)

For quick mining guide check out @hockleyj : https://steemit.com/smartcash/@hockleyj/smartcash-mining-on-pool-a-visual-guide-on-how-to-set-it-up

This is not all about it, there's more...

There are tons of Smart Secrets this crypto-currency has, all of which you and I will be exploring together in my next blog tomorrow. Hence don't forget to follow @cryptodate for more interesting and informative Crypto-Updates.

If you believe in changing the world around you, then visit and check-out SmartCash's official website :
https://smartcash.cc/

Download SmartCash's Official Wallet :
https://smartcash.cc/get-smartcash/

Join on Slack :
https://smartcashinvite.herokuapp.com/

Buy From an Exchange :
Currently on: https://stocks.exchange, Cryptopia & CoinExchange.io

SmartCash's Official Mining Pool :
http://pool.smartcash.cc/

SmartRewards Official Guide :
https://forum.smartcash.cc/t/smartrewards-guide/125

SmartCash's Official Twitter:
https://twitter.com/scashofficial

SmartCash's Official Instagram:
https://www.instagram.com/smartcashcrypto/

SmartCash's Official Facebook:
https://www.facebook.com/smartcashcrypto/

If you find this content useful and informative and would like to Tip SmartCash (Donation Address) :
SNfKb17BNfkviwaXuCkEWrUFkEXV2vpCur

reference : https://smartcash.cc/