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. We aim to create the most nimble and fast-growing cryptocurrency by aggressively prioritizing block rewards to growing our community, hiring developers, gaining merchant acceptance and via grassroots community outreach efforts and established marketing methods.
SmartCash has been specifically designed with adoption & fungibility in mind.
THE SMART HAVE
In order to create and maintain a decentralized governance structure, we are introducing two concepts 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, which will allow anyone to get involved and submit proposals, helping to generate organic growth at a grassroots level, creating a bottom-up management structure.
The Hive Structuring Teams (HST) will lay the groundwork for the project and set the framework for the project’s evolution. Initially, the Hive Structuring Teams will operate three separate departments in charge of vital project areas, such as development, outreach, and support. Each of these three departments will end up employing people. As teams grow larger, bigger than eight members, more teams will be created, each with its own budget and team coordinator, operating autonomously without a central command and control structure in place.
All Smartcash users deserve a voice, from day #1. The platform that lets all users vote on the direction of the project. Basically, each SmartCash coin is worth 1 vote, to keep it simple.
SmartRewards are a price stabilization mechanism and a way to encourage long-term holding. Long-term holders are key to the project’s success since the SmartHive treasury needs SmartCash to appreciate in value in order to fund meaningful 3rd party proposals and help grow SmartCash into a successful global crypto-currency.
InstantPay is going to be a key feature that allows instant point-of-sale in-store and online purchases. People should be able to use cryptocurrency as means to pay for their daily needs. InstantPay makes that a reality and allows for transactions to happen instantly, even faster than using your Visa or Mastercard.
No matter if you want to buy a coffee at your favorite coffee shop, fill up your tank at the nearest gas station, buy a bus ticket or pay for a video download, InstantPay makes that a reality. This is currently not possible with Bitcoin due to its technological limitations and network constraints, which result in transaction delays and high fees.