I've written at length about the many benefits to holding SmartCash, and I have not been silent about my support of this community-centered project.
One of the most obvious benefits to holding SmartCash are the SmartRewards, which allow holders of 1,000 or more Smart to collect anywhere from 5 to 15% payouts on their holdings, as long as they don't make any outgoing transactions during the rewards period.
I did a piece on how a 5% payout compounds over a 12 month period and allows one to double their earnings in about one year.
But that doesn't even account for a smartnode.
A SmartCash masternode, or 'Smartnode', can be acquired for 10,000 SmartCash and a dedicated VPS. The price of Smart is currently $.31, meaning you can have a masternode for just over $3,000. That's certainly much more affordable than other masternodes out there.
With such a low buy-in price, there are sure to be loads of nodes set up, thus steadily reducing payouts. But considering this will allow for true instant-pay transactions, thereby increasing the value of the currency, it's worth the diminishing payouts.
If one is to combine their smartnodes payouts with their monthly smartreward, a person's earnings will compound even faster. Just for fun, let's see what will theoretically happen if a person has a smartnode and doesn't remove any Smart from their wallet for a 12 month period.
I will be using bitcoiner's smartnode calculator, and will calculate the rewards using the current payout percentage of 5.2%.
After you receive your first month's worth of payouts, the SmartRewards snapshot will occur on the 25th, making those newly received Smart eligible for the reward the following month. I calculated the Smart Reward before I added in that month's smartnode payout.
Using this formula, after 6 months, our Smartnode account has gone from 10,000 to 19,652! Incredibly, using both of these reward mechanisms, we nearly doubled out holdings within 6 months! The doubling that occurs using just the smart reward happens after 12 months, meaning with a smartnode we're doubling our holdings in HALF the time.
After a full 12 months, our holdings have ballooned to 30,310. Assuming the price doesn't change in that time period(unlikely), our holds will have gone from $3,039 to $9,211.
Smartnode + SmartRewards = Triple your Smart in 1 year!
To be clear, this is all based on current calculations. The SmartRewards payout will fluctuate, and could actually increase this compounding effect if it is on the higher end. However, the smartnode payout is likely to drop as more come online, but nevertheless this is seriously impressive.
Holding SmartCash is truly an intelligent decision to make within cryptocurrency. I honestly can't think of a better coin to hodl over the long term.
All uncredited pictures from the pixabay.com
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