SmartCash (SMART)

SmartCash is a community-centric currency where community and development come first. Of the block rewards, 70% has been allocated to fund SmartHive community proposals. The remaining is allocated to mining (5%), SmartRewards (15%), and SmartNodes (10%).

SmartRewards are a price stabilization mechanism that encourages long-term holding. The InstantPay feature provides instant transactions to facilitate the merchant adoption of SmartCash. As for the mining, it uses the Keccak algorithm. So far, ASICs have not yet been created and thus can only be mined with graphic cards. SmartNodes servers run a SmartCash wallet with a required 10.000 SMART collateral. They enable the InstantPay and SmartRewards services.