SmileyCoin is based on the Auroracoin source, using SHA256, Scrypt, Skein, Groestl and Qubit as proof-of-work algorithms.

The SmileyCoin, SMLY

• is used for rewarding students for their performance in the tutor-web learning environment
• forms 10 income streams for charities - payments from every block
• automatically pays dividends to those who hold 25M SMLY in one address - rotating payments from every block
• forms the SmileyCoin Fund, to support edTech and related activities - funding decisions taken by a formal Board
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