As many of you know I have recently gotten into POS (Proff of stake) Heck I even built a brand new system loaded with 64 GB of ram so I can support a number of wallets at the same time off of one very quite low power computer. (I should be doing a video or some spec info on it soon, its prob total overkill but oh well!)
One of the POS coins that really stuck out at me was SmartCash.
Which currently holds a value of about $0.07 per smartcash. Granted this screenshot was taken just after the major crash we had on 6-12-2018. However this is also great news for many of you!
Smartcash works from what I can tell a bit differently then other POS systems. The general rules to this coin are as follows. *Some screenshots are taken off their website at https://smartcash.cc/
Smart Rewards
You need to have at least 1,000 smartcash in your wallet - the more you have the more you could be earning.
You must hold them in your wallet for 30 days. Moving them from one wallet address to another will reset the maturate process to 30 days again. 25th of each month a snapshot is taken and rewards are paid out based on how much you hold compared to others.
SmartNode
A smart node takes 10,000 Smartcash which at today's prices would be just under $700 USD total. A smartnode helps provide secure fast transactions on the network and owning one provides you extra rewards for helping out the network.
You will need exactly 10,000 Smartcash which you will lock up for the smartnode.
Its really not a huge cost to start your own "masternode" smartnode and the website does a decent job telling you how to set it up.
https://smartcash.cc/smartnodes
Steemit Bonus Rewards
From what I can tell there is a @smartcash @smartbot that will reward you with smartcash for posting about them. I am still looking into this and testing out the waters on how it all works but once I see it in action I will make a post specific about it. You could be earning even more then just steem rewards from your posting here!
Steemit Smartbot Tips
Own a bunch of smartcash ? Well you can hip other posters with smartcash!
With a simple command you can tip others in smartcash here on steemit!
I am sure there are more detailed instructions on this over at @smartbot but for now this will do.
I expect to have my smartnode running by this weekend and learning much more about the bot system here on steemit to provide even more rewards to high quality content.
If you are currently using Smartcash and have some tips or things other should know when getting started please comment them below thank you!
@smartbot tip 30
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Ξ£$$$ Tipped @bitcoinflood
Ξ£30 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$0.066 USDperSMART. Current value of the tip is$1.98 USD. To find out more about SmartCash, please visit https://smartcash.cc.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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@smartbot help
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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 @smartbotDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
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@smartbot withdraw 30 SMvYXeUp2YQH9b3Cjz7QQrTzMG2zz2s3d1
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@bitcoinflood:
Ξ£29.99 SMARThas been withdrawn from your account toSMvYXeUp2YQH9b3Cjz7QQrTzMG2zz2s3d1. You have been chargedΞ£0.01 SMARTwithdrawal fee. Transaction18966542bbf597dda8d78d8dadb570b4e9bfd48d4c90c045ef480930b6b835d6is now completed. To monitor the transaction status click HERE.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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I've had my eye on smartcash for a while myself. But, I wont lie... i've been slowly but surely moving to proof of stake, i don't mine a thing and probably won't ever again.
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Yep, I have been doing the same. Over the last year my eye has been on acquiring coins that pay out dividend like rewards. In this way its very easy to hold through the worst of bear markets like now. You can if you need to sell off the rewards for income but can still hang on to the principle for longterm appreciation.
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That's the biggest selling point for me... helps me deal with the red bigtime.
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