SmartCashPrice

(SMART)

SmartCash is currently categorized as a legacy blockchain project. While the blockchain remains functional and the network is operational, development activity on the project's primary GitHub repository has slowed significantly since 2022. The token continues to be supported on a limited number of digital asset platforms, including LBank. It remains a community-driven decentralized cryptocurrency, though it is no longer in its peak growth phase seen during the 2017–2019 period.

No, they are completely unrelated. SmartCash (SMART) is a decentralized cryptocurrency and blockchain project. SmartCash Payment Service Bank (PSB) is a licensed financial institution operated by a major telecommunications provider in Nigeria. Despite the identical names, the SMART token has no affiliation with the Nigerian banking entity. Users should ensure they are interacting with the correct platform when managing their digital assets or traditional banking services.

SmartRewards are a signature feature designed to incentivize long-term holding. To qualify, a user must hold at least 1,000 SMART in a single address. The system uses a snapshot period that typically runs from the 25th of one month to the 25th of the next. A common reason for failing to receive rewards is moving any amount of funds from the qualifying address during this snapshot window, which resets eligibility for that specific period.

A SmartNode is a dedicated server that provides specialized services to the network, such as facilitating instant transactions. To operate a SmartNode, a user must provide a collateral of 100,000 SMART. These nodes operate under a Proof of Service (PoSe) model. In exchange for maintaining the infrastructure and ensuring network stability, SmartNode operators receive a portion of the block rewards, which are distributed differently than traditional mining rewards.

SmartHive is a decentralized treasury and governance model that empowers the community to decide on project funding. Any user can submit a development or marketing proposal for a fee of 100 SMART. Funding decisions are made through a community voting process where 1 SMART equals 1 vote. This system is unique because 80% of all block rewards are allocated to the SmartHive treasury, ensuring the community has significant resources to self-fund growth.

InstantPay is a feature that enables near-instant transaction confirmations on the SmartCash network. Unlike traditional blockchain transactions that may require several minutes for block confirmations, InstantPay allows transactions to be 'locked' by SmartNodes in about one second. This locking mechanism prevents double-spending and makes the cryptocurrency practical for merchant use and point-of-sale retail transactions, providing a speed advantage over many other decentralized protocols.