[ANN] SMLY- smileycoin - for rewards in education

[DisasterFaster]

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

It's probably not what you'd normally call staking.

The coinbase is split 3 ways, one of these is dividends, 4500 SMLY per block.

If you have a wallet with an address which contains at least 25 M SMLY, then that address will get dividends once it becomes the oldest (untouched) such address.

There are about 150 such addresses right now. If they do not get otherwise modified, they just take turns getting the 4500.

The entire dividends for a block go to one address, changing its status from the oldest to the newest.

Interesting and thanks for the answer. This brings me then to yet another quick question. Do you have any idea how long it takes to cycle through those 150 addresses that get a 4500 SMLY dividend? I'm just trying to get some rough idea of how often the payout might occur...

Yes. There should be 480 blocks per day. So just over 3 dividend payments per day.

Wonderful so I can relate to that and some simple math tells me an address with 25 million might see a payout every 50 days or so. I love this coin and have very thoroughly checked it through and through. I got the wallet all synchronized now and will be heading to the exchange to buy a good chunk of it. If there is anything specific you need me to do to help out with the coin please let me know. Thanks for your input on these questions!

An address which has 25 million should get 4500 SMLY about 3 times per day.

Each block gives 4500 to one address on the rich list. There are 480 blocks per day (on average) and about 150 addresses, so each gets a payment about 3 times per day.

Note that this is not a function of the amount at the address other than it being at least 25 million. So it's not a traditional interest rate. If you own 50 million then you'll want to spread it onto 2 addresses, each with 25.

Oh wow much better than I thought thanks for the clarification!

[Sylw83]

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

[gstefans]

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

The 25 M is just to get paid dividends. You can buy/hold/sell any amount you like.

[Sylw83]

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

The 25 M is just to get paid dividends. You can buy/hold/sell any amount you like.

So I need 25 M coins in my open 24/h wallet  to recived devidends ? What kind of divident ? how much?

so stupid will be keeping only 2M in wallet without staking rewards ?

[gstefans]

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

The 25 M is just to get paid dividends. You can buy/hold/sell any amount you like.

So I need 25 M coins in my open 24/h wallet  to recived devidends ? What kind of divident ? how much?

so stupid will be keeping only 2M in wallet without staking rewards ?

The wallet does not need to be open (that's not how the blockchains work).

If an address has 25 M SMLY it will be paid 4500 SMLY dividends once it is the oldest untouched address. At the moment this happens about 3 times per day.

For detail look at this link: https://steemit.com/smileycoin/@gstefans/making-coins-from-coins-with-no-effort

[gstefans]

As you will know, only c-cex is really open for trading at the moment and unfortunately c-cex does not allow withdrawals. They claim they will reopen for full business on Jan 20th. As usual, please be careful with your funds: It is NOT normal that they have not allowed withdrawals for a month.

You should follow the Twitter account @smileycoinnews where several announcements have been made on this topic and where to get SMLY.

If you really want to get SMLY into your own wallet right now, the easiest way to do this is to donate to Education in a Suitcase. They will give you some SMLY as perks.

Their donation page is http://bit.ly/EIASdonate

If you want to try this out, make sure that

• You only use small amounts when you donate
• You have installed a wallet and have access to a deposit address
• You realise that you are on your own: This is a perk for a donation to a non-profit; it is not an ordinary sale
• You really do realise that you are on your own: Officially, you are giving a donation!

There is no official price, as these are donation perks. That said, they do give you an amount proportional to your donation. They occasionally change the amount when the price changes a lot, as they e.g. don't want to cause dumps.

With all these caveats, feel free to try this out.

If you are feeling really adventurous, you may want to test the ATM  at http://bit.ly/SMLYatm but be warned that this is more involved 

[M1stake]

I am glad this project is still alive, what's the progress?

[gstefans]

I am glad this project is still alive, what's the progress?

The best overview of the SMLY is here: http://bit.ly/SMLYledger

[Sylw83]

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

The 25 M is just to get paid dividends. You can buy/hold/sell any amount you like.

So I need 25 M coins in my open 24/h wallet  to recived devidends ? What kind of divident ? how much?

so stupid will be keeping only 2M in wallet without staking rewards ?

The wallet does not need to be open (that's not how the blockchains work).

If an address has 25 M SMLY it will be paid 4500 SMLY dividends once it is the oldest untouched address. At the moment this happens about 3 times per day.

For detail look at this link: https://steemit.com/smileycoin/@gstefans/making-coins-from-coins-with-no-effort

Invest 25M SMLY

3 x4500 SMLY = 13 500 SMLY a Day

13 500 SMLY x 365 = 4 927 500 SMLY a Year

ROI = Less than 20% per year

Let someone correct me if I wrote badly. 20% For the promises that the price of SMLY will jump.  Yes ?

[linkbelka]

Mining pool on site not working, who knows about another? Maybe solo is effective?

[gstefans]

Mining pool on site not working, who knows about another? Maybe solo is effective?

There is only solo mining at the moment.

[mac101]

Where can I buy the SMLY coin?

Both C-CEX and Novaexchange do not allow new users to register. Are there any viable options?

Thanks!

Mac

[gstefans]

Where can I buy the SMLY coin?

Both C-CEX and Novaexchange do not allow new users to register. Are there any viable options?

Thanks!

Mac

See above message: https://bitcointalk.org/index.php?topic=845761.msg27713146#msg27713146

[DeKingCrypto]

Where can I buy the SMLY coin?

Both C-CEX and Novaexchange do not allow new users to register. Are there any viable options?

Thanks!

Mac

See above message: https://bitcointalk.org/index.php?topic=845761.msg27713146#msg27713146

So this project is still alive. I will like to get some coin but I will like also to know the plans for this year. Maybe like roadmap so I can be more informed about the plans.

Then please, what is the maximum supply of this coin?

[gstefans]

Where can I buy the SMLY coin?

Both C-CEX and Novaexchange do not allow new users to register. Are there any viable options?

Thanks!

Mac

See above message: https://bitcointalk.org/index.php?topic=845761.msg27713146#msg27713146

So this project is still alive. I will like to get some coin but I will like also to know the plans for this year. Maybe like roadmap so I can be more informed about the plans.

Then please, what is the maximum supply of this coin?

For basic info on the coin, take a look at the opening page: https://bitcointalk.org/index.php?topic=845761.msg9431919#msg9431919

Next, note that this thread is also where all decisions are made, so you will find all currently accepted plans discussed above. After acceptance here, decisions are put into the coin info page at https://tutor-web.info/smileycoin

More detail on the coin itself can be found in the Ledger paper, which should now be considered the whitepaper of this coin: http://ledgerjournal.org/ojs/index.php/ledger/article/view/103/84

[MOProgress]

Dev team I will suggest that you guys update the information about its circulating supply and maximum supply in coimarketcap because most persons don't know unless they come here. Thanks

[corzova]

Hi guys, i'm new here..

have looking at smly for quite some time.. it's a very good coin in my opinion.
kudos to devs/admin

fast question... do we have a telegram group??
I do believe that SMLY need it..
till later  

[redak]

Hi guys, i'm new here..

have looking at smly for quite some time.. it's a very good coin in my opinion.
kudos to devs/admin

fast question... do we have a telegram group??
I do believe that SMLY need it..
till later 

Hi!!!! Brilliant Idea Corzova ..!!!We should have telegram for SMLY...Then people will know about Smly..,ADMIN please take action n consider our suggestion. Thank You.

Your Sincerely,

Mr Redak

[AzahirRich769]

Hiii All

Very good Idea Mr. Redak

Brand New Telegram Group  https://t.me/joinchat/Eo_H1hD-xrvrHXtRY7OrIw

[nrnell]

Hi guys, i'm new here..

have looking at smly for quite some time.. it's a very good coin in my opinion.
kudos to devs/admin

fast question... do we have a telegram group??
I do believe that SMLY need it..
till later  

Very good idea indeed. Really hope that admin will take action immediately. Most of coins has their own telegram group as well. Am I right??