The SmartCash team has released a new version of the QT wallet – version 2.0.6, which includes recent changes in TermRewards and SmartRetire. The latest version is available for download from the official website.
All TermRewards made before block 2260000 have been paid.
Note: Users updating that have TermRewards will need to reindex to get the TermRewards tab to show correctly.
In the latest version of the wallet users will be able to see how TermRewards and SmartRetire looks like when paid. To do this, open the “TermRewards” tab and you will see an inscription next to your address. Previously, you could see the expiration date here, but since TermRewards and SmartRetire will now be paid timelocked before the end of quarter payment date, you will see “PAID” in the Expiration field.
In order to see the locked rewards (inputs), open the “Send” tab > Coin Control. The inputs will show as locked in future dates when the TermRewards would normally be paid.
Check the “TermRewards and SmartRetire features bring more decentralization, about 168 million SMART has been distributed” article for details on how TermRewards has changed in the latest release.
In short, the latest changes include the following:
- The minimum amount at an address to activate TermRewards or SmartRetire is now 101k+ SMART.
- TermRewards and SmartRetire will now be paid timelocked before the end of quarter payment date. For example, a new entry will have its first payment spendable on October 1, then second January 1, etc. Thus, the amounts will be unlocked gradually every quarter for up to 15 years (15 years – maximum locking period).
If you have any questions, please join #termrewards-smartretire channel on Discord.
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Useful links:
Website: https://smartcash.cc/
Discord: http://discord.smartcash.cc/
Twitter: https://twitter.com/scashofficial
