Connect with us

Blogs

SmartCash (SMART): SmartCash and Smart Hive Explained

Published

on

SmartCash

The majority of digital coins that we know today were launched in 2014 when people started to see great potential in Bitcoin, although not risk-free as we witnessed a couple of days ago when major coins seemed to be crashing. But, SmartCash is one of the coins that originated 3 years later in 2017. The fact that SmartCash is one of the youngest digital currencies draws even more attention to this digital coin as it seems that SmartCash is progressing promptly, slowly over passing competition among small coins that are still holding under one dollar value even 2 or 3 years after being launched. Why is SmartCash progressing as fast and how does this digital currency work?

SmartCash and Smart Hive

SmartCash, just like any other digital currency, is made to fit the blockchain technology that makes decentralization possible. SmartCash exists thanks to the thousands of different computers simultaneously working on keeping the blockchain nodes that support this currency alive. But there are lots of features that make SmartCash stand out from the crowd, which might be the answer to the way this almost new cryptocurrency is doing so well even in the hard times.

One of many features that make SmartCash interesting for investors and holders is a smart and rewarding system where Smart Hive allows you to receive reward points for holding SmartCash in your wallet. The condition for receiving reward points is to keep at least 2500 SmartCash tokens in your Wallet. In case you comply with this condition and manage to keep the minimal amount of 2500 coins in your wallet from 25th of one month to the 25th of the next month, you will receive the reward points. In case you are holding more than 2500 coins in the given period, your reward points grow with the amount of SmartCash coins you have in your wallet.

Now, you might wonder: what am I going to use those smart points for?

We’ve got the answer for that question as well.

Apparently, SmartCash is learning on other currencies’ mistakes, so they established this reward system to encourage people to keep their SmartCash coins and avoid selling them off. You surely remember the debacle revolving a massive selloff that occurred a couple of days ago – if the currencies that suffered massive decreases weren’t being sold in large amounts, the decrease wouldn’t have happened.

So, SmartCash encourages people to hold onto their coins, that way building a secure and stable currency that relies on a strong community as a backup. So, there is something in it for developers as well. But since SmartCash is all about community, this reward system wasn’t made out of selfishness or to make profit, which leads us to the explanation of what Smart Hive is.

SmartCash developers also developed a community platform called Smart Hive. The original idea behind this type of community was to surpass traditional Core teams used in other crypto platforms and create a community that would work as a bee hive. That means that all holders and investors have a say in what happens to SmartCash.

That is how we arrive to an explanation of what good Smart points are. Each smart token counts as one vote in community called Smart Hive. In case there is a change being announced regarding the way SmartCash or Smart Hive is functioning, the entire community is then invited to vote through a system called Smart Voting. Each token represents one vote, so the more tokens you have, the more votes you are allowed to add to the voting poll, which is at the same time another great strategy posed by developers for keeping SmartCash stable. Simultaneously, they are also creating a strategy that enables community members to have a say in everything important, creating a real public value that is also sustainable – bee hive style.

Another great feature being added in 2018 is Smart Pay technology which would enable all users to make fats transactions with faster performance than the one you have with using credit card or any other type of payment. Bitcoin or similar currencies don’t have the option for creating such prompt transactions as functionality is limited by its technology, so this feature should represent a breakthrough when it comes to how transactions are operating across blockchain nodes.

If SmartCash keeps up with the current development pace, this digital asset could soon become one of the big coins – currently rated at 55th spot on the global coin ranking list, it is more than possible that this coin will soon join a more exclusive list, probably climbing the ladder of top ten.

With the current step of growth, it is expected that this coin (if it continues with current success and stable status) will gain up to 500% increase during the next 5 to 6 months. This is only a suggestion based on the previous performance this coin had where it came up for more than 500% during the period of August 2017 to January 2018.

We will be updating our subscribers as soon as we know more. For the latest on SMART, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Continue Reading
Click to comment

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release