Video: What Is SmartCash? - The Animated SmartBee EP01
This is a video promotion for @SmartCash paid through the proposal system of the SmartHive (link). In the video you are getting an overview over the cryptocurrency SmartCash (SMART) and its features. The clou is the animated SmartBee mascot which was animated with the Adobe Character Animator technology.
Narrator Text
Welcome to SmartCash, a decentralized community governance blockchain. It has passive income features and creates a digital payment solution. SmartCash is a blockchain technology that uses Proof of Work through mining – similar to Bitcoin. However, the major difference is the distribution of the mining block rewards. SmartCash miners receive only 5% of them while the vast majority of mined SMART is used for SmartRewards, SmartNodes and most and for all the SmartHive. Let me explain.
SmartHive
Everyone can join the decentralized SmartHive community. Here, you can control the fate of the coin including the governance and the budget. With SmartCash, 70% of the mining block rewards are reallocated to the SmartHive as well as to the dedicated SmartHive Structuring Teams for ongoing maintenance.
Another major aspect is to encourage community development by incorporating a proposal system with a large funding pool. Every SmartCash holder gets one vote per owned SmartCash. If the majority of votes after fourteen days are in favor of a proposal it will automatically be accepted. This way, the community can finance their ideas and help to grow SmartCash.
SmartRewards
SmartCash has a built-in stabilization mechanism which encourages long term holding. These so-called SmartRewards are paid out to each wallet address holding at least 1000 SmartCash. A snapshot is taken every 25th of a month and if no SmartCash has been withdrawn since the previous one that wallet will automatically earn new SmartCash. SmartRewards are coming out of the 15% block reward allocation from the mining process.
SmartNodes
All users holding at least 10,000 SmartCash can set up a SmartNode. These are servers running the SmartCash code and enable features like InstantPay transactions. They are dedicated Virtual Private Server which you can rent online from hosting services for about 5 Dollars a month. SmartNodes get paid 10% of the block reward on every block. The best part about them: You can earn SmartRewards and SmartNode payments at the same time and create a passive income stream.
So, this is SmartCash. I hope you like it. The SmartHive is already waiting for you. And I, BEE you next time.
Not bad. Imagine being able to purchase SmartCash from any SmartCash wallet and https://WallofCoins.com !
Sounds certainly interesting. The cool thing is that SmartCash is developing its native multi-currency wallet application for phones this year which eliminates the need for the middle-man.
thanks for the info
POW is old now. Ethereum casper update is the hope and revolution
Similar to gas and electric cars. Both can exist and work but electric more efficient and over the very term end up more dominant. I think what's more important is the evolution of the protocol. Having governance and funding is def the future of all successful blockchains.
some cash for you
Fabulous, incredible video . I share my meme
awesome video man! im glad to work with you
Thank you for drawing me. You are awesome!
That whole SmartBee idea rocks, so I take it we can use this video in our articles.
Will share it on twitter as well.
Yes, please use this video as much as you like.
Thank you I will do so.
yeewww amazing Job you are the BEE !!
Let's bring the Bee to the beaches of Costa Rica and life stream from there. ;)
that's a totally great video! Although I understand little of the cryptos - but I like the video with all its animations and your explanation. Good job!
All top posts are raised by boosters, nobody votes for free. And after that they want someone here to create good content ...
Well, I hope you still like the video. That was nearly two months working towards this day. :)
@smartbee thanks for this video and your hard work. I finally have video that explains what Smart Cash is in complete details. Your video is first one that has covered all of SC in detail.