This web page lists the various uses of the Smileycoin or SMLY, the cryptocurrency used for rewarding students in the tutor-web educational system.
Click on each for more detail
The Smileycoin works just like other electronic currencies such as Bitcoin, Litecoin or Dogecoin. It was introduced as a reward to be used in an on-line educational system. You can find quite a bit more information if you look:
You first download a wallet to store your coins. After this you can ask the wallet to generate an address which you can freely send to anyone wanting to send you a Smileycoin.
Note that the various wallets know how to tell you the value of the Smileycoins in your wallet. You can choose which currency you want to use as a reference currency.
The project Education in a Suitcase will happily accept your donations. In return for a donation, they will give you some Smileycoins.
Remember to use only small amounts while you are finding your way through this!
You will not make money from this transaction, but you will painlessly get some Smileycoins which you can then use to test the waters of electronic currencies.
Make sure you first have a SMLY wallet!
It is easy to test this: Just go to their donation page and send them five dollars. If you follow the instructions, then you will quickly see some Smileycoins in your wallet.
Now, these donation pages are mostly in Icelandic at the time of this writing. You will want to know the following:
This is a very good cause, worthy of your support. It is also an exceptionally easy way to get into the world of Smileycoin, Bitcoin and so forth.
The tutor-web system is a completely free and open system of study. You can pick any course or study-unit (tutorial) and study this to your hearts content by reading the available material and (most importantly) answering drill questions. As you increase your grade in those drills, you will get SMLY. Once you have SMLY you can download them into a Smileycoin wallet.
Getting into the world of cryptocurrencies is a bit tricky. There are several hurdles to get started using cryptocoins and buying your first SMLY is not quite trivial.
You will always need to have an account at a cryptocurrency exchange. The exchanges at https://tradesatoshi.com/ https://c-cex.com and https://novaexchange.com/ have several "markets", i.e. places which look like a stock market and you can sell one cryptocurrency for another. Both of these exchanges have SMLY markets. WARNING: In December 2017-January 2018 both these exchanges are going through transition periods! Wait until after January 20 before you try to use either one.
The following is currently the easiest method to buy SMLY for fiat (ordinary money)├.
sendtoaddress BCJW4iZw7PechFHgtqqSdHmymjnFA6LjNJ 20repeatedly and see how you sometimes get the double back and sometimes nothing.