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Topic: [ANN] Smart Savings - Decentralized platform for earning passive income in ETH (Read 67 times)

newbie
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I can make your project better through my marketing. Telegram: @SMMarketingPros
jr. member
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Just added a small video to show a bit more about how the app works: https://liberdapps.github.io/SmartSavings/SmartSavings.mp4
jr. member
Activity: 31
Merit: 49
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What is Smart Savings?



Smart Savings is platform that allows you to earn passive income with your ETH while keeping 100% control over your funds. It works in a fully decentralized and automated way via smart contracts.

How does it work?

There are two ways to grow your ETH holdings:

  • You invest in the platform by buying shares. Funds from shares are automatically invested in Compound, a battle-tested and audited platform for earning interest on assets. Your shares will always grow in value at a variable rate -- since they'll be automatically collecting interest from Compound --,  just by keeping them invested in the platform. So the first way to grow your holdings is by buying shares now and selling them for a profit later.
  • Another way to earn ETH is by earning dividends. Whenever a share is bought or sold in the platform, a fee will be charged and it'll be automatically distributed to all shareholders in a proportional manner. That means that the higher the number of shares you hold (your holding power), the more dividends you earn by keeping shares in the platform.

What are the fees involved?

The Smart Savings platform is deployed in the Ethereum blockchain, so buying/selling shares and withdrawing dividends require network fees. Also, when you buy or sell a share, a dev fee of 0.25% is taken to support future improvements in the platform and a 0.75% is taken and distributed among shareholders.


Are my funds safe?

Yes! The platform works 100% in a decentralized and automated way powered by smart contracts.  At any time, you can sell part or all of your shares, including any profit made! Similarly, you can withdraw part of all of your dividends at any time!


Where can I check this out?


We’ve recently launched the fully functional beta version of the platform in the Ropsten Testnet for anyone interested. In there, you can play with test Ether and see how the whole thing works: https://liberdapps.github.io/SmartSavings/

If you need some test Ether for playing around, just let us know!

Any questions or feedback are welcome!

Thanks!
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