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.
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
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
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.
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.
we can certainly use a similar strategy in various other developing countries, not just Venezuela, in most the developing countries in the world
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.
|Date||Amount (US$)||Amount (Σ)||Description||Status|
|April 22, 2018||1,500.00||89,200.27 *||Acquire domain, host the site , Building site with a referral link||-|
|May 01, 2018||6,500.00||386,534.50 *||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.||-|
|Address||Voting Power||Vote||Is Valid|