Carlos Santiago, outreach ambassador for SmartCash, recently joined us to answer a few questions about the community-centric crypto where community and development comes first.
He first heard of SmartCash in October last year. After reading more about the project, Carlos fell in love with it and became an active member of the community. A few weeks later, he was added to the official Outreach Team and has since then represented SmartCash at multiple conferences.
We’re excited to share with you his responses to our questions about SmartCash.
Why was SmartCash started when there are already so many other cryptos out there?
SmartCash is a project born out of the desire to create a viable, fungible, fast, merchant-oriented, user-friendly and community-driven cryptocurrency with a decentralized governance system. No other coin out there has our same vision.
What are SmartCash’s two main goals?
Coin adoption by both consumers and merchants, as well as fungibility.
What are the most note-worthy accomplishments of SmartCash so far?
We are a young project, not even one year old yet. In a short time, we now have the support of more than 13,000 SmartNodes in our network. They are the key to support InstantPay in the not-too-distant future; a key feature that allows instant point-of-sale for in-store and online purchases. We also launched the SmartBand in Brazil. It can be used in over 2.5 million establishments for day-to-day purchases.
What can we expect in the next 12 months?
A new version of our desktop wallet with faster synchronization, InstantPay, SmartCard and merchant reader, Electrum wallet, and much more. To see our full 2018 roadmap and current progress, visit https://smartcash.cc/roadmap/.
Why would the average business want to use SmartCash instead of their local currency for transactions?
It is the speed and security of the transactions without having to pay transaction fees to Visa, MasterCard, etc. SmartCash transaction fees are virtually zero at less than 1/10th of a cent.
It’s been almost 10 years since Bitcoin was launched, but merchant adoption is still pretty small. How is SmartCash doing things differently?
By addressing the performance, scalability, privacy, and transaction fees that plague Bitcoin. For example, the upcoming Adaptive Blocks will increase in size based on the average block size to enable the maximum number of transactions per second. Also, we have consistent funding with the SmartHive Project Treasury. At current market prices, there is USD equivalent of approximately $75 million.
How does the SmartHive Project Treasury replenish itself and disperse funds?
The treasury is funded by assigning 70% of each mined block to the SmartHive. The funds are dispersed by the SmartHive team to pay for development, outreach, support, and community projects.
SmartCash is one of the few cryptos that are really stepping outside of the crypto border for mass adoption. How is SmartCash encouraging grass roots and professional efforts to pull in mainstream audiences?
We have a decentralized governance structure and introduced the two concepts of SmartHive and Hive Structuring Teams (HST). SmartHive enables anyone that holds coins to vote on proposals submitted by the community. SmartHive will be the lifeblood of the project, and it allows anyone to get involved and submit proposals, helping to generate organic growth at a grassroots level, creating a bottom-up management structure.
What are some ways individuals can acquire SmartCash?
Individuals can convert their fiat to SmartCash by using cryptocurrency exchanges, they can also mine SmartCash, or they can join our team. Individuals are also rewarded for their efforts to give our coin more visibility in Twitter, Gab, YouTube, Steemit, etc. Purchasing enough coin to create a SmartNode and provide service to the network is another way to get SmartCash. Finally, individuals can submit proposals and get compensated for the time and effort when the proposal is approved and delivers on its milestones.
Where do you see things in 5 years from now?
We see SmartCash as the cryptocurrency of choice for merchants and individuals. We see a SmartCard in everyone’s wallet.
Learning More about SmartCash
To view an interactive flipbook and learn how to engage with the community, visit http://smartcash.blockchainnewssource.com/flipbook/
Note: Since serving this community coin, we have experienced questionable behavior from community leaders that give us cause for concern and feel it’s necessary to say so while the content remains on our website. We do appreciate the community who voted in our proposal and wish them the best. For further details, please reach out via the contact page.