Here is an overview of the SmartCash SteemIt Bounty Program from the @SmartCash blog:
Current Reward Structure:
450 SMART for Team SmartCash Banner of the month
30 SMART per article up to 4 articles per week
300 SMART for best article of the week
70 SMART for Team SmartCash MVP of the week
Each month there is a banner contest and a contest for the best article of the month, but you can still get paid for up to 4 articles per week simply by posting a unique article about SmartCash.
Let's say you want to get involved in SmartCash, but you don't want to invest out of pocket. You could post 4 articles on Steem a week and earn 30 Smart for each post. We are assuming a price of 16cents for SmartCash which of course will vary with time.
4 Steem SmartCash Articles per Week X 30 Smart = 120 Smart / Week
120 Smart @ $0.16 = $19.20 / Week
120 Smart / Week X 4 weeks = 480 Smart / Month
480 Smart @ $0.16 = $76.80 / Month
$76 a Month is a truly life changing income for many people on this planet who survive on less than a $1 a day and may not have any other job opportunities. This is why I love SmartCash.
Let's take this a step further and assume that you keep earning your Smart Bounties on Steem consistently. One would need 1000 SMART in order to be eligible for what is called SmartRewards. SmartRewards are a percentage of block rewards that are paid to users who hold 1000Smart from the 25th of the month to the next without moving it. It incentivizes long term holding and helps reduce selling pressure. This month for example SmartRewards holders earned 3% on their holdings. However, this percentage varies depending on the number of eligible accounts during the time period.
A little over 2 months of Posting SmartCash Articles on Steem
= 1000 Smart for SmartRewards!!!
Then at this point you will now earn passive Smart income via SmartRewards even if you stop posting on Steem. Let's assume 2.5% payout each month, which as previously discussed varies, that would mean after two months of posting on Steem you have locked in 25 Smart/month as a passive income!
Payout Proof from my previous article:
I am not sure how exactly the Steem community feels about these type of bounty programs by other Coins. I am aware that to some it may come off as a spammy promotion. For that reason, I have decided to decline Steem payout rewards on all posts that are receiving a Smart Bounty. If you would like to reward me on these posts, consider simply tipping me in Smart with @SmartBot
I'm very excited to see the post bounty is now 30SMART, greater opportunity to increase the HODL value in SMART.
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I am excited about it as well. I just love when I can show people how to get involved in crypto without having to buy it.
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promote SMARTCASH on steemit
initiativeTip with SMARTCASH or UPVOTE this comment if you appreciate this service.
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I appreciate the resteem. I'd love to hear more about your promote smartcash on steemit initiative.
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@smartbot tip @crystalgeometry 30
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Σ$$$ Tipped @crystalgeometry
Σ30 SMART
! Comment@smartbot help
to claim. Currently the price of SmartCash in the market is$0.153 USD
perSMART
. Current value of the tip is$4.59 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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