Pos Token Earn by Holding your Token
Have you ever think about holding your token will give you earning like interest for particular interval of time. then here is the token POS proof of stake token .
Why POS Token??
In cryptoWorld there is 2 major algorithm works Proof of Work and Proof Stake Even though More algorithm Proposed these two are the most famous among all algorithm .Because Bitcoin is the first which is introduced P2P or Peer to peer Cryptocurrency which is used proof of work concept . After some time in 2012 Peercoin was introduced which was used Proof of Stake concept.
There is lots of coins introduced in crypto world based on proof of work and proof of stake .Now PoSToken first implements the Proof-of-Stake mechanism as an Ethereum Token. Holders of PoSToken can get revenues by holding PoSToken for a period of time. It works the same way as Peercoin and any other coin with Proof-of-Stake algorithm do.
PoSToken is the ethereum based worlds first Proof of stake Token.Then you might have question how about PeerCoin??
PoSToken is worlds first Proof of stake token which is using ERC20 token and all its standard . Where Peercoin is the coin which was not using any smart contract platform. As an Ethereum token, PoSToken first implements the Proof-of-Stake mechanism, meaning that every holder can earn some extra tokens just by holding PoSToken for a period
What is minimum Coinage and Percentage of Interest??
at least 3 days, greater than or equal to The Minimum Coin Age . Once you finish that you can use any ethereum wallet mostly i use Myetherwallet.
Interest structure For Holding the Token??
How POS mining works??
By considering the convenience of use and the consumption of less gas, PoSToken provides two methods to trigger PoS mining. However, the basic premise of starting PoS mining is that you must have held some tokens at least 3 days. Then you can start PoS Mining by: using the following procedure Sending a transaction to your own address with any amount of POS. then . Using MyEtherWallet.com or Mist or any other software that can interact with contracts to execute mint() function in PoSToken smart contract.
POSTOKENSTANDARD : More over ethereum erc20 standard they are using POS Token Standard .where the idea of PoSToken is not only to issue a simple Ethereum Token with Proof-ofStake but also to define a brand new Token Standard for Proof-of-Stake tokens. A interface including some standard functions was defined in the code of PoSToken.
PoSTokenStandard is a new Token Standard devised specifically for issuing Proof-of-Stake tokens and maintained by PoSToken Dev Team. Although it’s an unofficial Token Standard
Where I can Find The functionalities ??
You can find the funtionality of mint in https://postoken.org/whitepaper.pdf please go through that .
What is maximum Supply??
There will be maximum supply of 10 million Tokens.
Initially one million will be created .The Max Total Supply will only be reached in about 15 years or a little longer at the set PoS interest rate. Once 10 Million is reached, no more PoSToken will be generated via PoS.
Why this will be so great compare to other token??
Because 80% of the coin will be airdropped . So keep your ethereum wallet ready. Here you will get double benefit . First you will receive free token in airdrop then you will start earn on the token which your holding what else required . Grab them Sooon.
Great its really interesting Where shall I buy this token ??
Its already listed in major exchanges like Etherdelta you can buy and hold it in your Myetherewallet .
How can i get Free airdrop??
You can got through this link . But you should have bitcoin talk ID
Whats is bitcointalk??
It is one of the largest forum in crypto world community where everything and every details you will get about crypto world.
So don’t wait grab as soon as you can . Be a part of great change and get hand full of earning by just holding token.
Sources and all the links about project
Website : https://postoken.org/
White Paper : https://postoken.org/whitepaper.pdf
GitHub : https://github.com/PoSToken
Email : firstname.lastname@example.org