#202 Merchant adoption and User integration program for SMARTCASH in Puerto Ordaz - Venezuela

By Luis Guevara

Summary

The introduction of a pilot program for the people of Puerto Ordaz – Bolivar - Venezuela, in which they begin adopting the Smartcash Cryptocurrency to trade and buy goods and services, by introducing a physical exchange store where they can buy directly SMARTCASH with Venezuelan FIAT by trading with other people, and also work alongside with business owners of different categories (groceries, restaurants, healthcare, lodging, real state, tourism, house appliances, gold pawn shops, etc.,.) in order to provide the goods and services Payable with smartcash, all of this within the legal margins of Venezuelan Laws.

Description

Puerto Ordaz and industrialized city in Venezuela, presents itself as one of the richest cities in our country and in the near future the epicenter of an economic revolution due to its enormous wealth in its subsoil. Puerto Ordaz, the city where the first 3 conferences of smartcash crypto were held, now people are showing their interest in cryptocurrency not just smartcash, and are looking for means to buy it. We want to fill the void of information left after the conferences and continue to create awareness by providing the tools necessary to gain the public’s trust and to help them get on the right path to start buying, saving and using the Smartcash Cryptocurrency.

We begin by the introduction of a Legal Framework provided by a local firm of Accountants, Lawyers and Business Administrators. This group of professionals will deliver the legal grounds according to Venezuelan Tax and Banking laws in order to adopt SMARTCASH CRYPTO as a sort of payment, or to store value.

Also with the help of the Chamber of Commerce Caroni we'll begin selecting and holding conferences with merchant enthusiasts about the implementation and adoption of SMARTCASH CRYPTO on each of their business. This also goes hand by hand with the common people, so that more and more people are integrated to the program. These conferences will address cryptocurrency basics, SMARTCASH benefits, legal framework and the use of the web exchanges and our own physical exchange!

The introduction of the first physical exchange for Smartcash crypto, begins as a simplification of the process of buying the cryptocurrency, people will trade FIAT for SMARTCASH and other cryptos for SMARTCASH ONLY. It will function as a facilitator of the conversion and also as an escrow service, in order to gain people's trust and therefore be the first exchange of their choosing when it comes to buying and trading! 

In order to create awareness, we will also organize monthly charity events in low-income areas, hospitals and schools in the city of Puerto Ordaz that will provide food, clothing, medicines and healthcare with the collaboration of volunteers from the different colleges in the Puerto Ordaz area by financing community service projects proposals, also by including the people that will be part of this program thus projecting the smartcash community in puerto ordaz.

Generate databases of all the “users” in the smartcash community at puerto ordaz, alongside performing data analytics and metrics to create Monthly reports (number of wallets opened since the beginning of the project, volume of smarts being traded through the exchange, types of stores and the goods and services mostly bought with smarts, users profiles) This will provide valuable information to perform better marketing strategies.

Venezuela is facing very difficult times, shortage of food, biggest inflation in the world, restricted access to other currencies, etc. This is why we see potential in cryptocurrency specially an emerging one like SMARTCASH, because with all of its benefits it provides us the tools to shield in some level the situation we are facing and if done correctly, and by combining all of our efforts, we think that mass adoption of Smartcash in our city will be a fact. The business model created can be then implemented in other cities for further expansion.

PROJECT UPDATE:

At first our team would like to apologize with the community for not showing any progress with this proposal. Circumstances outside our plans forced us to put aside the project’s first milestones for a while. About a week ago we decided to get back on track, but, it came to our knowledge that because of the lack of communication with the Ambassador our project was taking down according to rules.

This is why we ask you the fellow voters of this community give us again the opportunity to finish our project, for our commitment with the community still the same, as well as the smartcash community in our city. Allow me to say as well that our team did not receive a single smart from the project’s original budget, even though we did make some expends to set things in motion, we are not asking for refunds.

The only modification to the project is THE LEGAL FRAMEWORK and how it will be carried it out. In Venezuela. The problem we are facing now is the pseudo illegality of cryptocurrency in our country, illegality been created by the government and the introduction of the PETRO (a government issue cryptocurrency). What we’re set to achieve is A LEGAL FRAMEWORK that proposes a different approach towards legality by introducing Academics, College professors and respected people of interest in certain business areas and promote public hearings for the creation of a Healthy Legal Framework for Cryptocurrencies in our country. For the actual dubious and unknown agenda set by the current government poses a threat to all cryptos in our country and might consider them all illegal.

Categories

Outreach

Milestones

Date Amount (US$) Amount (Σ) Description Status
April 19, 2018 667.00 39,542.04 * MEETING WITH BUSSINES ENTREPENURS, EARLY ADOPTERS AND POTENTIAL USERS. (1/6) In progress
April 21, 2018 1,000.00 59,283.42 * CHARITY EVENT PROMOTED BY SMARTCASH EXCECUTED BY LOCAL COLLEGE COMMUNITY PROJECTS (1/6) In progress
May 17, 2018 667.00 39,542.04 * MEETING WITH BUSSINES ENTREPENURS, EARLY ADOPTERS AND POTENTIAL USERS. (2/6) In progress
May 26, 2018 1,000.00 59,283.42 * CHARITY EVENT PROMOTED BY SMARTCASH EXCECUTED BY LOCAL COLLEGE COMMUNITY PROJECTS (2/6) In progress
June 21, 2018 667.00 39,542.04 * MEETING WITH BUSSINES ENTREPENURS, EARLY ADOPTERS AND POTENTIAL USERS. (3/6) In progress
June 30, 2018 1,000.00 59,283.42 * CHARITY EVENT PROMOTED BY SMARTCASH EXCECUTED BY LOCAL COLLEGE COMMUNITY PROJECTS (3/6) In progress
July 19, 2018 667.00 39,542.04 * MEETING WITH BUSSINES ENTREPENURS, EARLY ADOPTERS AND POTENTIAL USERS. (4/6) In progress
July 28, 2018 1,000.00 59,283.42 * CHARITY EVENT PROMOTED BY SMARTCASH EXCECUTED BY LOCAL COLLEGE COMMUNITY PROJECTS (4/6) In progress
August 16, 2018 667.00 39,542.04 * MEETING WITH BUSSINES ENTREPENURS, EARLY ADOPTERS AND POTENTIAL USERS. (5/6) In progress
August 25, 2018 1,000.00 59,283.42 * CHARITY EVENT PROMOTED BY SMARTCASH EXCECUTED BY LOCAL COLLEGE COMMUNITY PROJECTS (5/6) In progress
September 20, 2018 667.00 39,542.04 * MEETING WITH BUSSINES ENTREPENURS, EARLY ADOPTERS AND POTENTIAL USERS. (6/6) In progress
September 29, 2018 1,000.00 59,283.42 * CHARITY EVENT PROMOTED BY SMARTCASH EXCECUTED BY LOCAL COLLEGE COMMUNITY PROJECTS (6/6) In progress
September 30, 2018 5,000.00 296,417.12 * LEGAL FRAMEWORK for SMARTCASH adoption as a sort of payment. In progress
September 30, 2018 35,000.00 2,074,919.82 * FIRST PHYSICAL SMARTCASH EXCHANGE STORE IN VENEZUELA In progress
* Estimated

Requested Amount

  • Total USD: 50,002.00
  • Estimated SMART: 2,964,289.73
  • Estimated BTC: 15.26609213

Schedule

  • Created Date: Saturday, March 31, 2018
  • Voting Deadline: Saturday, April 14, 2018 17:19:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Funds Allocated (Not Started)

Votes

65.39%
Yes (5,721,087.51)
34.55%
No (3,023,372.62)
0.06%
Abstain (5,274.53)

Voting Audit

Address Voting Power Vote Is Valid

Comments

  • thewalk_er 03/31/2018 18:10

    Luis, one of the main concerns is the LEGAL FRAME WORK specially if the government does not accept physical exchanges, what would happen if the Government does not accept it? Any initiative is good tho. Can you elaborate a breakdown for the $35,000 USD for the Physical Exchange? It would be good to know what you have considered there.

    Luis Guevara 03/31/2018 23:00

    Thank you for your comment: to answer your question please let me first elaborate on what is currently going on in Venezuela, our government lead by president Nicolas Maduro has created the act number 3196 (1) in which he authorizes the creation of the Venezuelan Superintendence of Cryptoassets and Related Activities. This act basically authorizes the use (acquire and sell) of the government issue cryptocurrency PETRO and other cryptocurrencies. Also, after the act was launched the government also provided a manual on how to acquire a license for cryptocurrency exchanges (2) so the answer is no, government hasn’t declared cryptos illegal YET! The problem with this government arbitrarily made act is that, it hasn’t been approved by the legitimate Venezuelan senate, in fact, after it was launch the act was immediately declared illegal by the senate. In addition, governments such as The United Stated of America has also declared that prohibits it citizens to purchase and use of the Venezuelan Petro (3). This is why our approach is different, we are promoting among Academics, Universities such as The Universidad Catolica Andres Bello, Universidad de Carabobo, Heads of different Accounting and Commerce organizations to commence gatherings for the discussion and creation of a Robust Legal Framework, one that can be presented as viable alternative to the government issued. That way it can survive the current and upcoming government administrations. The store plays a major role in our proposal, we want to promote smartcash throughout the region, by integrating merchants of all sorts, providing them with tools necessary to acquire Smartcash cryptocurrency and how to exchange it for other goods and FIAT. WHY? Because people in general have little to no knowledge of cryptocurrencies, as this is the language of programmers and computing, even after conferences people that feel enthusiastic about getting them still don't understand how to acquire them. This is where the store plays its role, by simplifying the exchange process by physically providing a safe and known place where they and others can do this process of exchanging. Store’s Budget Breakdown: STORE RENTAL 1 YEAR 417$ A MONTH STORE CONDITIONING… (FURNITURE, PARTS AND LABOR) 12000$ STAFF (4 ATTENDANTS 1 MANAGER AND LEGAL ADVISORS): 3000$ SMARTCASH COIN (FOR COIN DEMAND AT EXCHANGE): 10000$ PHYSICAL EXCHANGE SOFTWARE LICENSE 1 YEAR 5000$ 1.- http://www.tuabogado.com/venezuela/secciones/derecho/informatico/decreto-3196-sobre-creacion-del-petro-y-la-superintendencia-de-los-criptoactivos-y-actividades-conexas-venezolana 2.- http://www.radiomundial.com.ve/sites/default/files//MANUAL%20CASA%20INTERCAMBIO.pdf 3.- http://money.cnn.com/2018/03/19/news/economy/trump-bans-venezuela-cryptocurrency-petro/index.html

  • Younglegend 04/06/2018 20:15

    what are these people thinking? using up so much smarts when the price is going down? smarts going to hyper inflate faster than Venezuela currency.

    Luis Guevara 04/09/2018 12:21

    Thanks again for your comment! What are we thinking? We are trying to bring as much people possible to our community but with the right approach. Also, if you could read up before making these remarks, you´ll understand that smarts are not disbursed until the delivery of a milestone. Our milestones are monthly distributed, within a six months period (in case you didn’t notice). And if you can't handle the price volatility then perhaps you are too young for the cryptocurrency world. At least we can agree on something, Venezuela's currency is hyper inflating...