#451 Continue SmartCash course

By Hills-Bills

Summary

This is a follow-on from an earlier approved proposal. We would like to continue the momentum with user growth we have gained in our "Introduction to cryptocurrencies sponsored by SmartCash" course on Thutor.

Description

This is a resubmission of an earlier proposal that was not started but was passed. Here is a link below:

https://vote.smartcash.cc/Proposal/Details/Continue-the-growth-of-the-Intro-to-cryptocurrencies-sponsored-by-SmartCash-course

We did not initiate the course at this stage due to the ban on crypto currency ads by Facebook. Since Facebook has, as of last week, amended their ban to allow cryptocurrency ads, we wish to continue with our proposal

This second proposal is building off what we offered in the first proposal, link below:

https://vote.smartcash.cc/Proposal/Details/Introduction-to-cryptocurrencies-with-SmartCash-rewards

This is what we proposed in the first proposal:

Deliver a cryptocurrency course introducing students from a finance background to the world of cryptocurrencies.

The course is free for anyone interested to join but is targeted at newbies to cryptos.

We wanted to have weekly quizzes that covered basic cryptocurrency topics. The quizes would integrated SmartCash questions into each week.

We wanted 100 students to register for the course over a period of a month.

The 7 top students each week would win SmartCash of ~$50 each.

This is what we delivered:

We delivered a course that covered the following topics:

  • Topic 1 - The history of cryptocurrencies
  • Topic 2 - How cryptocurrencies work
  • Topic 3 - Why cryptocurrencies are important
  • Topic 4 - How to value cryptocurrencies

We integrated SmartCash into the topics each week.

These are the SmartCash resources we integrated:

We wanted to have 100 students registered over the course of the month. We have 106 registrations so we surpassed this goal.

We had 24 unique students won the SmartCash prizes. We intentionally made the prizes randomized for students who got over 75% for the weekly quiz. We did this since we wanted to give as many new students an opportunity to win as possible but they still had to get over 75% for the quiz.

The list of all the winners can be seen on our Facebook page here:

This aim of this second proposal is to maintain the growth momentum of users and to offer new services to users.

Our specific outcomes are to:

  • We would like to grow our registrations to over 500 registrations over a 3 month period.
  • We would like to test a referral system in our marketing (that for a student who refers another student, they received a SmartCash referral bonus of $4 - out of our marketing budget)
  • Due to the interest in acquiring SmartCash, we want to integrate an ability for users to buy SmartCash directly from our platform. For this, we will need a float which we have included in our budget below. 

Budget:
We propose the following monthly budget:
Weekly prizes (7 students x $50 x 4 weeks) = $1400
Monthly marketing = $125 x 4 weeks = $500
Course management and content creation = $500
Total monthly cost = $2400

Number of months = 3 months

Total cost = $7200

This is the same budget as the original proposal, just extended for 3 months.

It is important to note that the majority of this budget actually goes to users and new SmartCash adopters.

Reporting:

We will deliver the same reporting as in what we have detailed in this proposal and also feedback the amount of SmartCash purchased from our float.

Benefits to SmartCash:

  • The top students each week become invested in the coins they win. These winners have shown that they are interested in growing their holdings.
  • Because winners are educated about SmartCash and cryptocurrencies generally, they become advocates for the coin.
  • SmartCash continued sponsorship of the course means that people will learn about SmartCash as their first coin when starting out.
  • We will offer a new gateway for users to acquire SmartCash directly

Thank you for the community support we have received to date. We have really enjoyed delivering the course and continue to be passionate in educating people about cryptocurrencies.

Categories

Outreach

Milestones

Date Amount (US$) Amount (Σ) Description Status
July 31, 2018 1,400.00 50,621.13 * Month 1 - Prizes -
July 31, 2018 500.00 18,078.98 * Month 1 - Marketing -
July 31, 2018 500.00 18,078.98 * Month 1 - Course management and content -
August 31, 2018 1,400.00 50,621.13 * Month 2 - Prizes -
August 31, 2018 500.00 18,078.98 * Month 2 - Marketing -
August 31, 2018 500.00 18,078.98 * Month 2 - Course management and content -
September 30, 2018 1,400.00 50,621.13 * Month 3 - Prizes -
September 30, 2018 500.00 18,078.98 * Month 3 - Marketing -
September 30, 2018 500.00 18,078.98 * Month 3 - Course management and float -
* Estimated

Requested Amount

  • Total USD: 7,200.00
  • Estimated SMART: 260,337.26
  • Estimated BTC: 1.13767383

Schedule

  • Created Date: Sunday, July 1, 2018
  • Voting Deadline: Wednesday, July 18, 2018 02:41:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Not Funded

Votes

4.14%
Yes (201462.762083739)
87.68%
No (4266732.09745933)
8.18%
Abstain (398046.3294558)

Voting Audit

Address Voting Power Vote Is Valid

Comments

  • mjthestudentactuary 07/03/2018 08:51

    I really enjoyed the first course!! Will be backing this