SmartCash (SMART) Update and First Masternode Reward
About a month ago I did a post about my investment in the cryptocurrency called #smartcash. Since then the price has fallen more than the market and is now trading at about 8 cents, but over that time there has been some good news from the project. It has been listed on a new exchange (BiteBTC) and has another listing coming soon (CoinBene). But the big news is that SmartCard will be coming soon. The card features instant pay and fees at a fraction of a cent, allowing crypto to finally be used to buy a coffee. The cards can be made by anyone and printed to use like a debit card or held on their cellphone. It’s simple for merchants too. They type the local fiat amount into their SmartCash app and then scan the purchaser’s card, who then verifies the amount with a pin number. I will definitely try to convince local coffee shops to accept SmashCash when this goes live.
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So, I bought SmartCash because I wanted to run a masternode. It took a while to set up, but with a lot of help from tech support on their Discord channel, I was able to do it. The node doesn’t earn anything for the first couple of weeks, but then it starts paying out every nine days. The current cost of buying 10,000 tokens to set up a node is about $850 and the monthly income from the node is about $39. Here’s a link to the SmartNode calculator:
https://smartcash.cc/smartnodes/#toggle-id-1
I use a VPS (virtual private server) to host the node and that costs $4.38 a month, so at the moment the passive income is really good. On top of the masternode rewards there is also the SmartRewards which is paid every month for holding more than 1,000 coins, but I haven’t received that yet as the snapshot is taken on the 25th of each month and is paid a month later.
Thanks for reading :)
Here’s a link to my previous post:
https://steemit.com/smartcash/@engchitchat/what-is-smartcash-and-why-i-decided-to-invest-in-it
@engchitcha the cost of #smartcash @ $0.085 will put the cost of 10000 smart for a smartnode at $850 not $8500. (we would love it to be $8500)
More good new for smartnodes in the 1.2 Release. Shorter initial wait time, and more frequent payment. Also the grace period will be increased from 1 hour. Seems like great times ahead.
Well spotted. That was quite a big mistake. Thanks for pointing that out :)
You are welcome
Those passive income numbers are great, aren't they. Then wait until the market picks up and SmartCash rallies again.
Exciting times ahead.
I'm pretty bullish about the project. Mainly because it works so well for payments, fast and cheap. I don't know why so many people that already have coins don't use them to set up nodes. It isn't that hard.
This seems an interesting project. First time I've heard about it.
Thanks for taking part into my little contest.
It's a project that I'm really excited about, because it works so well as digital money - low transaction fees (1/100th of a cent) and instant pay. Also SmartCash can be used to tip on social media platforms. I was given 30 SmartCash for this article. Bonus!
@smartbot tip 30
Σ$$$ Tipped @engchitchat
Σ30 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.086 USDperSMART. Current value of the tip is$2.58 USD. To find out more about SmartCash, please visit https://smartcash.cc.@smartbot help
You can use the following commands:
balance- displays your current wallet balanceaddress- displays your deposit addresswithdraw <amount> <address>- withdraws the amount of SMART to addresstip <username> <amount>- sends the amount of SMART to usernameterms- displays terms and conditions for using @smartbot@smartbot withdraw 30 SQuCG4ggMXV8JcqJE2HXrtGeAMGVqRbd8X
@engchitchat:
Σ29.99 SMARThas been withdrawn from your account toSQuCG4ggMXV8JcqJE2HXrtGeAMGVqRbd8X. You have been chargedΣ0.01 SMARTwithdrawal fee. Transaction021afb5fab35b4a54fb226e88df558fa4b003c9cdcb48cc60e050a250b932f4dis now completed. To monitor the transaction status click HERE.Good to hear that there is finally a card for coins, which can be used in daily life shoppings. I hope the number of these similar cards increase, so that coins would get much more attention.
I think these kind of crypto cards will become the norm and all shops are gonna accept crypto. I just don't know how long this will take to become a reality.
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