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SmartCash SMART: Decentralized Cryptocurrency Governance?

The SmartCash SMART project is designed to create a viable, fungible, fast, merchant-centric, and user-friendly platform in which users will embrace a decentralized governance system.

The project aims to establish the most nimble and fast-growing cryptocurrency. It seeks to achieve this by aggressively prioritizing block rewards to growing their community, hiring developers, and gaining merchant acceptance. It will also implement outreach initiatives and reputable marketing methods.

Discover SmartCash SMART

Traditional cryptocurrencies such as Bitcoin reward only miners but neglect the other actors that play other important roles in the production, maintenance, and development of the entire project. SmartCash is a community-oriented digital asset that gives the first priority to community and development.

The project has allocated 80 percent of the block reward to fund SmartHive community proposal and the Hive Teams. In addition, 20 percent has been allocated to mining and SmartRewards, in which 5 percent will go to mining and 15 percent to SmartRewards.

With SmartCash SMART, the project focuses more on the community. To achieve that objective, it has set aside 70 percent of the budget to fund the projects that the community plans to pursue and only the remaining 30 percent to cater for maintenance, basic needs, and contingencies. The project encourages anyone with skills that can help develop SmartCash to participate in the community and bring their creative ideas to the platform.

SmartCash Mining Project

The idea behind SmartCash mining is to prevent mining centralization and to promote network growth. Every computer can be a mining device and at the same time perform other tasks.

The Smart Hive

If you would like to participate, SmartHive offers an opportunity for people of all backgrounds. By creating an all-inclusive community, the project seeks to eliminate the idea of ‘Core’ teams, which it believes is a bad idea that eventually leads to inefficiency and corruption. The SmartHive aims to move past that idea and create a decentralized organizational model that operates like ant or bee colony.

In order to create and maintain a decentralized governance system, the team has introduced two concepts: the SmartHive and Hive Structuring Teams (HST). The SmartHive concept enables any person that holds coins to vote on proposals submitted by the community. Essentially, it will be the lifeblood of the project.

It will allow anyone to get involved and submit proposals, which will help generate organic growth at the community level and lead to a bottom-up management structure.

Why SmartCash SMART?

SmartCash embraces several features that set it apart from other currencies.

It works fast:

The project team works daily to expand the offerings of SmartCash, from new mobile wallets to exchanges and community frameworks. InstantPay is just part of the entire project.

SmartCash is privacy-centric:

The project embraces some of the best privacy technologies in the world, such as the Zerocoin protocol, which works cryptographically to produce some of the best privacy levels known.

SmartCash is all-inclusive:

The entire foundation of SmartCash depends on community adoption, growth, and inclusion. Everyone is a SmartCash team member.

Interested people can join the SmartCash community through Forums, Discord, Reddit, Twitter, and Steem.

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