#214 Jump-start-smartcash-adoption-in-venezuela-by-signingup-100000-users-phase1

By smartestcasher

Summary

we plan to kick-start smartcash adoption in Venezuela by sign up 100,000 users, we plan to give 0,5 USD to everyone who signs up and 0.5 to those who refer others to sign up, this plan has been quite successful with other coins and are seeing tremendous growth.

Description

How exactly does this work?

we are using really interesting marketing ideas which have never been explored in the western world. we are planning to use your humble Phone number as unique identity validation and planning to give $0.5 dollar for every user who signs up using their phone number and 0.5 for referring your friends.

by Using this idea we can acquire users at a fraction of the cost of acquiring users using other proposals.

getting a sim card in venezuela costs $1.5 and there is mandatory reigsrations and limit on number of cards you can claim person , all this means only one thing , no one will create fake profiles and buy new sim cards just to claim this giveway of $0.5

given the fact that smart cash has lower users base, we can create lot more buzz and increase the valuation of Smart quickly.

Proposal budget and milestones

Budget Estimation:

This will be an initial 3- month project with a possibility for extension

Owing to feedback from @solarminer , we will be dividing the project into two phases 

Phase 1: Building and testing of the website

Build a referral system using SMS OTP verification
Build an admin dashboard to see stats like daily sign-ups and download user details
Build a transaction table once users request for withdrawal
Give Access to admin dashboard for the transaction table which lets the admin download say latest 100-500 withdrawal requests and pay them using smart wallet ( sendmany )
Thorough testing of all the various features rolled out previously by an expert tester.
Ability to Limit Sign-ups per day ( so as to support proper budgeting of funds )
Minor changes will be accommodated.
Time to finish this 15 days


Cost $8000

Phase 2: will involve managing the site, fighting fraud and paying users

Target sign up: 100,000 -150,000 users
Details to be published later

Fraud prevention strategy:

In Venezuela and many other developing countries SIM cards are not free and cost at least 1 USD or more which means no one would buy a sim card just to claim our free smart, Apart from this there is also mandatory identity requirements which means there is a hard limit on number of sim cards each person can get, by using a proper phone number verification we can rest assured eliminate fraud and we will constantly keep improving our fraud detection strategies as well.

Funds Distribution

I am perfectly happy with someone from the hive teams to handle all the transactions themselves, in fact that would ease our effort as we can simply focus on the website and fraud detection, whereas the hive team focuses on payments, alternatively, we will show all the payments on blockchain, so there will be complete transparency.

Future plans 

we can certainly use a similar strategy in various other developing countries, not just Venezuela, in most the developing countries in the world 

About ourselves

I am personally a marketer and crypto enthusiast and working with a small team of software developers who have lots of experience building and managing various websites and apps to get this done.

Categories

Outreach

Milestones

Date Amount (US$) Amount (Σ) Description Status
April 22, 2018 1,500.00 54,236.93 * Acquire domain, host the site , Building site with a referral link -
May 01, 2018 6,500.00 235,026.69 * Build a transaction table once users request for withdrawal Give Access to admin dashboard for the transaction table which lets the admin download say latest 100-500 withdrawal requests and pay them using smart wallet ( sendmany ) Thorough testing of all the various features rolled out previously by an expert tester. Ability to Limit Sign-ups per day ( so as to support proper budgeting of funds ) Minor changes will be accommodated. -
* Estimated

Requested Amount

  • Total USD: 8,000.00
  • Estimated SMART: 289,263.62
  • Estimated BTC: 1.26408203

Schedule

  • Created Date: Friday, April 13, 2018
  • Voting Deadline: Friday, April 27, 2018 11:32:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Deactivated

Votes

56.00%
Yes (1724514.0303864)
44.00%
No (1355081.0403253)
0.00%
Abstain (0)

Voting Audit

Address Voting Power Vote Is Valid

Comments

  • Solarminer 04/13/2018 17:10

    This was not at all my suggestion. I suggested working with merchants first so their is a use case. Otherwise users that get SmartCash will just trade it back to fiat as fast as possible since there is nothing to use it for.

    smartestcasher 04/13/2018 18:16

    hey sorry for my confusion , i thought you were referring to giving a structure for the spending , so we split the project into two phases , this phase involving justing building the site and next one involving running the site ...

  • smartestcasher 04/14/2018 13:07

    I would like to add one more point given the fact Smartcash web wallet is the most prevalent one, We can do Blockchain analysis in the future based on transaction data we get.This can be combined with known merchant wallets which would give us far deeper insights into usage patterns. Since the fees are practically zero with smart people won’t be tempted to use centralised exchanges for now … But we need to make sure our wallets are really good and fees are really cheap like it is now

  • smartestcasher 04/17/2018 12:35

    hi all, we are happy to inform that http://getfreesmart.com site has been launched, it's a mock site right now with a landing page, once our proposal passes we will roll out full functionalities with full speed. please make sure you vote yes , thanks.

  • fl0at1ng_p01nt 04/24/2018 20:04

    Aren´t you the Dash Maximalist?

    smartestcasher 04/25/2018 03:02

    Hi , all I can say I have been involved with dash and feel that smart cash has a better economic formula that is my real motivation to work for smartcash