I understand smart cash has lot of focus on Venezuela, however doing a one-off proposal here are there is of not much value.
if we target good amount of impact and real adoption we need to sign 100k people to begin with.
please check the proposal that is being done by dash which claims to have signed up 150k users already.
https://getfreedash.com which is giving 0.5 for those who sign up and 0.5 usd for referring others , if we target this method we can target 100k downloads for the app, which would give us instant reputation increase for the whole coin.
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.
Dash has generated an incredible amount of buzz by doing this … over 200 youtube videos are promoting dash now and encouraging users to sign up
we should try and create more buzz than them as soon as possible ,
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
This will be an initial 3- month project with a possibility for extension
Owing to feedback from @solarminer I am changing the project in two phases with phase 1 building the website and phase 2 will be the actual running of the project
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
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.
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.
Blockchain analysis to detect merchant activity
Given the fact Smartcash web wallet is most prevelant one … We can do Blockchain analysis in the future based on wallet addresses we get ( from the giveaway ), This can be combined with identifying certain accounts as merchants 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 centralized exchanges for now .But we need to make sure our wallets are really good and fees as cheap they are now however
I am personally a marketer and crypto enthusiast and have a small team of software developers who have lots of experience building and managing various websites and apps.
I would publicly like to showcase my smart holdings instill confidence to the community
Plan of action:
I would be rolling out an initial mock-up of the site and showcase it to the community
Looking for your valuable feedback and comments.