The Ben Swann sponsorship has been under a heavy debate since it was created and it's time for the community to vote about it's future.
The Ben Swann sponsorship has been under a heavy debate since it was created and it's finally time to vote about it's future.
My first point to discuss is the state of the video and impact made so far.
It's currently 2018 and youtube views/likes are easily bought. (Example:https://devumi.com/youtube-views/)
Me and a lot others strongly question the legitimacy of the views/likes on the promotion video.
During Ben Swann's Dash sponsorship the spotlight videos got less than 2000 views, ranged between 140-200 likes and had between 45-85 comments.
This was during a sponsorship of a larger and widespread cryptocurrency.
The SmartCash spotlight video has 140.000 views, 460 likes and 74 comments. https://gyazo.com/964eab3e08229fe70bef136d19ef73b6
A different random video of his has 228.000 views, 1100 likes and 273 comments. https://gyazo.com/7bc101a8f603af80383bcf2d28dc97a0
There is an obvious conclusion to be drawn from this. Compare the likes/comments to views on the Dash spotlight and to the SmartCash spotlight.
Another point is that there infact was a handful of people that joined the discord influenced by the spotlight video, but that number is much lower than what 140.000 "real" views would have provided.
During previous SmartCash proposals some of them have passed voting but been cancelled by the devs due to reasons such as "being overpriced" or funding was stopped because of milestones not being reached or fully correct, this has been the case here aswell.
It's on these ground I make this proposal since I deem the sponsorship overpriced and not delivering what was promised.
In Ben's proposal he was claiming: "At our current average of 600,000 views per video, we project over 26 million SmartCash branded views of Reality Check." https://gyazo.com/c0dfbef3e994977f393dc4a5f18bd004
This is clearly an overstatement and not factual, nor delivered.
The SmartCash communities opinion about the valuation of the sponsorship will be shown by this vote and if it passes I propose immediate cancellation of the sponsorship.
Benefits to SmartCash - The state of SmartCash has in the market is honestly speaking in a dire state.
The benefit this proposal provides is avoiding 12.6 MILLION SmartCash (at current $ rates) of sell-pressure.
It's no a secret that SmartCash proposal payments are pegged to $ and during this dump, the payments involve even more SmartCash than what was shown during the proposal.
As of now, Ben Swann receives over 1.6 million SmartCash each month ($59,334.00).
Ben has no incentive to hold since the proposal is pegged to $.
He will receive more SmartCash next month even if the price goes down.
That's a vicious spriral making Ben sell without any repercussions. This creates even more pressure on the market which is already negatively affected by the "early adopter" hack of 9 million coins.
Ben's first payout: https://insight.smartcash.cc/address/SUx2yZRF9ucSGxUXT3P2QeKL797sydcUes
It shows it was sent shortly after being received.
The recipient is linked to the hot wallet of HitBTC, showing that the payment was quickly sold off.
This cycle will not be exclusively affecting the market, since the cycle can be predicted and people will try to beat Ben by selling their SmartCash before him and buying them back much much cheaper.
In the SmartCash discord, JuicyG (Coordinator of Outreach 1) said he spoke to Ben before the vote and claimed that Ben wants to be a holder and won't sell all the coins. https://gyazo.com/2609f9399f7dcb1cf92bed0a35bac829
As proven above that is not the case.
The cost of this proposal is 100 SmartCash to cover the proposal cost and time of writing this.
|Date||Amount (US$)||Amount (Σ)||Description||Status|
|September 20, 2018||4.00||1,381.95 *||End of vote date||-|
|Address||Voting Power||Vote||Is Valid|
|2018-09-06 20:41:00||Proposal created. Waiting for approval.||-|
|2018-09-10 21:20:45||Proposal deactivated. Reason: Not a proposal.. (slpin1)||-|