Launched on November 13, 2014, SmileyCoin is a cryptocurrency that has a focus on education and charity. It is associated with tutor-web, an accessible educational system that rewards users with SmileyCoin, and Education in a Suitcase, which distributes educational materials to schools and students in low-income areas using donated servers and tablets.

The charity efforts of SmileyCoin are coordinated by the Smiley Charity and the African Maths Initiative (AMI) in Kenya. The technical development of SmileyCoin is managed by the University of Iceland and Shuttle Thread Ltd in England. These organizations nominate members to the Board of the SmileyCoin Fund, which accepts grant applications for educational technologies.

The distribution of SmileyCoin is divided as follows: 10% goes to miners, 45% is automatically donated to 10 different income streams managed by the Smiley Charity, and 45% is given as dividends to addresses holding more than 25 million SMLY. The Smiley Charity also donates to other organizations such as UNICEF and AMI.