SmartCash idea is based upon community adoption, growth and inclusion. Everyone is a SmartCash team member.
The miners of this digital asset only get 5% of the rewards, a number unheard of in any other PoW mining based cryptocurrency.
Most of the new coins are allocated to Smart Hives and everyone who holds smarts can submit a proposal or vote on already submitted proposals.
SmartCash offer series of unique features. To name a few:
Smart Rewards - a price stabilization mechanism and a way to encourage long term holding and investing.
Instant Pay - instant transactions that are locked in about a second.No risk of double spending a transaction, so the receiver can trust that transaction immediately.
Smart Shift - an instant - conversion service that enables users to quickly and easily convert other cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin and Dash to SmartCash directly within their wallet.
While SmartCash is not Proof of Stake cryptocurrency and instead it uses Proof Of Work - which means that standard process of mining with hardware is needed to mine blocks - this cryptocurrency offers some unique features. The main selling point of SmartCash is a plan to reward long-time investors or long-time holders. To be eligible, you need to have at least 1000 SMARTS in your address and hold it from the 25th of one month to the other. Your wallet will then be credited through the SmartRewards plan, proportion to what you are holding. The amount will depend on how many new coins are mined in the blockchain during that month. Basically, 15% of the new coins generated in the blockchain will go to long-term holder through SmartRewards.
SmartCash developers plan and ideas for the future: native mobile wallet with multicurrency trading ability, introduction of supernodes, improvement of SmartRewards, on blockchain proposal voting, update of the website design and much more.