The first TermRewards and SmartRetire snapshot, which was scheduled for March 31, 2021, has been successfully completed.
In the past articles, we explained what are TermRewards and SmartRetire and how users can earn a high yearly yield by locking SmartCash coins in their wallet.
What is a snapshot?
TermRewards and SmartRetire snapshot allow to qualify new addresses for the next rewards and pay out rewards on all activated addresses. Since rewards are paid quarterly, snapshots will take place on March 31, June 30, etc.
All of the addresses that were activated before the time of the first snapshot have already received their first rewards. A total of 3,386,300 SMART was paid out. The number of addresses that qualified is 22 addresses. The total number of locked SMART – 27 million SMART.
12 addresses (14,448,876 SMART) locked for 15 years term – SmartRetire
9 addresses (11,668,360 SMART) locked for 3 years term – TermRewards
1 address (1,000,000 SMART) locked for 1 year term – TermRewards
The yearly yield for TermRewards and SmartRetire is fixed. This means that users will receive a fixed yearly percentage.
The yearly yields as follows:
1 Year TermRewards – 35%
2 Year TermRewards – 40%
3 Year TermRewards – 45%
15 Year SmartRetire – 50%
How to activate the address?
The user needs to install SmartCash Node Client. You can download it from the official website.
The minimum amount for activation – from 1 million SMART.
Activation consists of sending a special transaction. The whole activation procedure can be done in a couple of minutes. On the support portal you can find detailed guides on the activation process with screenshots showing each step.
If you have any questions, please join Discord.SmartCash.cc