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

By smartestcasher


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

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.




Date Amount (US$) Amount (Σ) Description Status
April 22, 2018 1,500.00 18,482.47 * Acquire domain, host the site , Building site with a referral link -
May 01, 2018 6,500.00 80,090.69 * 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: 98,573.15
  • Estimated BTC: 1.09613347


  • 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


  • Deactivated


Yes (1724514.0303864)
No (1355081.0403253)
Abstain (0)

Voting Audit

Vote # Address Voting Power Vote Is Valid
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83 SV7oA7S7qt25AJPD6YKrfzPzRd3aBFK9VJ Σ 113878.62845 YES Valid
82 SiKK5wRGrfrniGLhcssjLkvP7U2bMRoJQi Σ 1099.59998 YES Valid
81 SeiFC3s1Ya4TfipFF6y4pv9rezzNeY44xL Σ 14442.80000 NO Valid
80 SgVGL7hoJmwRS1Kd61px3WrB3cDrWN5PuV Σ 13847.20000 NO Valid
79 STaDgvGrU2Vo1nPdEyzPzmoDJhNtDT1rQj Σ 12013.00000 NO Valid
78 STrAcdsazyShHnq9Pgjs42VNEwRk5AohVx Σ 10000.00000 NO Valid
77 SVzrXDcGxwDZLXcsDC127ryyy3z1QzPkbe Σ 11972.60000 NO Valid
76 ShpycczXmB8amDRFZfPFTD7gJsBjJv2GVx Σ 0.16441 NO Valid
75 SVEikrNo8VvFuzjkYVVXuAxbyDhTaK7Adq Σ 11249.00000 NO Valid
74 ScRyvMMTW947cFk5csjn9p3EFash9AELw1 Σ 10000.00000 NO Valid
73 SSjJcJMf2wpvvmLJM4YUL84pcjHmb8tRiA Σ 14641.30000 NO Valid
72 SffWp3xSaRujQyz5sg5YQgWgNNVXKMfz3T Σ 10000.00000 NO Valid
71 SNz6a5V5NWKPLvEZFUnnfxTanptyKyRPST Σ 16294.80000 NO Valid
70 ShyDR6zCt2516Z42jZF5TPA93TKTtdZZAX Σ 10338.70000 NO Valid
69 SMQdVn5Szux4rWNXEt5bm53x4kWy3FLxpX Σ 11792.00000 NO Valid
68 SjhSco2xm7VP3MsgehUB4rjZCcUdm4gw9N Σ 10000.00000 NO Valid
67 SNbbDMCnaLssyk91WSctv7CbPLsjJfAd4r Σ 29.08152 NO Valid
66 Sd6wfsxHABXiPup6wCUUD3Si99SRoRj11R Σ 14590.70000 NO Valid
65 ScWYHJDU2JFDxTfDN8wyJEnUaQTKF3zfKg Σ 10000.00000 NO Valid
64 Si3bTiKHGmb5MLHqt38rY5AMEiUeUh5UV3 Σ 10000.00000 NO Valid
63 SUoyanMfPy4nQjDbcDMinkSxREWmJpiHbv Σ 5586.82617 YES Valid
62 SR1cGpnUNtRqRd4AniVce67YzdepBzAeVs Σ 3994.00000 NO Valid
61 SVTRnH5ZnAdJHfSJNAVyZ1tV35dqjCxSuD Σ 10000.00000 NO Valid
60 SW3pSE4Eo5dx6SoS477Nieb6DBdUEt4nim Σ 99461.20000 YES Valid
59 SgNwvJQwJuJn6HKwmBgH1ayRFHm2BtwtpL Σ 391015.95538 YES Valid
58 SUZR1iY9DqWHukpoLVcra3RaTDwoWQN79k Σ 1547.98669 NO Valid
57 Sh1wTqfLemSfxedqfnJBABtJZRWd8M8hb4 Σ 11265.10000 NO Valid
56 SXwARrsMuzEiMitzyLa7TCNcnjNWDP9vuR Σ 12660.70000 YES Valid
55 SgNiaeCKtXMqn5ATFhhsrKYVDrJ5pGsJ41 Σ 10894.20000 YES Valid
54 SUroByHn1S7BY46StZy8pubsGg157vJ8hg Σ 0.29954 YES Valid
53 ShQrLqA45Q7ioWgmQWKFwTcYTqvJCqxMLK Σ 12277.60000 YES Valid
52 SgYc6EBhEiW3JNSNsk2zzWR5tgEidQavS2 Σ 12624.00000 YES Valid
51 ScRvBGmc5y2kQpdZ8gyhZmYiNWhJ5Apyg5 Σ 12398.10000 YES Valid
50 SZ9GoZ8vxHzm8gSqsLhht62rvTSYDQzUmr Σ 11719.80000 YES Valid
49 SYQU8opaEfYaY9ExMpWcafND7MBtA43PpB Σ 12101.50000 YES Valid
48 SWzbNFXEfm7mGjDMF1ePP7DQU7Th88GZhx Σ 0.09300 YES Valid
47 SWzGjgAGcFXrYZqjAL6U5weceMCQx9tAcj Σ 12347.70000 YES Valid
46 SRvaZsNsFv6aiKrdN1FiUGfg9PwuuPhs9i Σ 11335.40000 YES Valid
45 SR96iGo768e3J3vXuGgT36HftvAUnyAx7t Σ 12048.60000 YES Valid
44 SN4P1qjqAnrsDdh7eto3S8wX6tKcAAGpdo Σ 11557.30000 YES Valid
43 SMfuwf2tu2Vxu1Ts6EJ5pcwGNiCHCM8PQD Σ 13023.89900 YES Valid
42 ShJUURqaiLDSs1Do7EHSd7VwybBFcLEbS4 Σ 10167.60000 NO Valid
41 SMgwFwWzeJ35H9ddd7bbMBoTeUVehkWCVd Σ 10169.60000 NO Valid
40 SVu4CZ8ufyv8zovqZe418mWUcjefJzpzVi Σ 2381.48734 NO Valid
39 SbY9nUtMKpR898YNwjAp33G29qTz1Xvnmh Σ 10170.70000 NO Valid
38 ShiHUshDfmEiUssiRttzEYXusBB5nRtKek Σ 4926.87731 NO Valid
37 SbYmTvPgwypRqphAwaSXduMCwHfphqcGXx Σ 11795.60000 NO Valid
36 SeHGBfufUjt8d2FBbyecX9AJJTAY7JE37Z Σ 20.00000 NO Valid
35 SYP2Q9BaAUw5hRojaUY3s3XPy1YDSfnFFt Σ 98.79400 YES Valid
34 SUftW68UPsTGE76fWjFJapqrkxapPpUwkX Σ 4999.60010 NO Valid
33 Se3yyZJTeqraquseXsPf1tSRTu8KmVmcFe Σ 0.08516 NO Valid
32 SSyrhTr6aYCwPkJykRsKDm3HsR27sahu8h Σ 11828.00000 NO Valid
31 SSsz7MxkMM9Qub9UTfvBEaUhDjjvdizh3P Σ 11464.70000 NO Valid
30 SSBhdQfqh98VzHwKTC6DMMeSqSQ34J9Nw9 Σ 1036.00000 NO Valid
29 Sdzn1F4SVBqqTXeCEjmCMM1xpXtD3ToTtq Σ 11466.60000 NO Valid
28 SNLDMroyo8qNeNSqXhqEmmHMkY8zugEdxv Σ 1036.00000 NO Valid
27 SSrCXCSfvbupsDDpnQNnjQaLetRD71gp2r Σ 12275.20000 NO Valid
26 SaK14SSQYC3LaRH7N8vxR9d7cpPQWFmNeX Σ 1916.00000 NO Valid
25 SX5VtFd1jS3ndi6ksjqq9uBKrenZ1DXXcj Σ 11521.70000 NO Valid
24 SkJ7RfxEM1RWVhEQ6vr6v2dGaiSSeLWLNS Σ 11453.70000 NO Valid
23 Sb45yNvWAyZoRLo5xALotDptx8PBg18mYh Σ 1685.39534 NO Valid
22 SP8eraF7jRcdrYhnxXroPRnPEDAjFjvUa7 Σ 11121.90000 NO Valid
21 SbwPcq61SFuhNosuh3JgpY933584dbzoSH Σ 11491.20000 NO Valid
20 SR86bSeQFvMZwDPBpMGYDzgkNogwuRKu6X Σ 1036.00000 NO Valid
19 SapTC2dpQQc3nRTknNGsYgZcENtvtJBiKQ Σ 1036.00000 NO Valid
18 SctxbAVcT4TdZaG5EB4hKEfCPL8HVgEFyr Σ 25809.98828 NO Valid
17 SSb8PjMC5auQTJpJxuzWybtqzE2jsDCjBK Σ 9.60000 YES Valid
16 Sda6qpoZbAJq4CQVtKr3PrsiN4Ur1mcb72 Σ 11300.59961 NO Valid
15 SUR385wZ3NFnUSkdw2BTtoomqKN89dYbbU Σ 11875.59961 NO Valid
14 Sgd4CtHNM37AeGjJGJWZKiFvdMbpVab6MS Σ 11696.90039 NO Valid
13 SSgmn2dXawHpRrajtgF5s3U4uPaqsetvaS Σ 11475.79980 NO Valid
12 SQBmH73qBPKBSv7nnqAUzBD6hvqkZaxAwp Σ 14315.09961 NO Valid
11 SibjnRVWsamdDwPR1VBtEPiMatackJtFGA Σ 13794.89844 NO Valid
10 SaAGwykrmLZjXaNF4xw6p11tu1KhjMjub2 Σ 452.78671 NO Valid
9 Sio8C2W1QFiHfy5fVsvECZs71kA245hZ4R Σ 7.77903 YES Valid
8 SeNmqKA2EWddhiuMRZ7kyryCkfh3ktuEDD Σ 12808.28704 YES Valid
7 SdeBYzpiXfcnsNq1h7e4ZkwndU22RcHFTk Σ 1899.20000 YES Valid
6 SPgnAa4cj6ZpLJTo8RRwZMVE4knoJBTwXR Σ 881340.99000 NO Valid
5 SMu7vdFjYgP6LXZRiw8kagWpvqaxJd52gv Σ 1374.16943 YES Valid
4 SjVDKYJrpyNAtReokCLiQrpYhGgePaBT2A Σ 20.99800 YES Valid
3 SkdPGj299H6gC9K4qSMaRVw2cfWxf5Bdye Σ 50.31599 YES Valid
2 SPg1fYEGo6XTeUzkFi3kn5FmSDJYoV2DVY Σ 1.03366 YES Valid
1 Sfd4Jng6gdc4GQebAhrw31FcvjdskNU6eN Σ 326532.05172 YES Valid


  • 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