|
1152
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [POSW] POSW COIN | Earn Monthly Dividends in Profit-Driven Growth Coin
|
on: May 01, 2017, 06:08:20 PM
|
about the dumps could be alot of fud or 1-2 whales dumped and noobs follow into abyss
about the site ye i agree they need to work on it, but devs in slack always respond to feedback and they have alot in store
the ico is total fail imo, first why do i need a hardware wallet?! second where is the info on why i need it and whats so great about it?
could have done better things like invest into a fancy sidechan security system where you hold control over your coins or whatever
do people dont know, what is HW for? HW is personal wallet what is more secure than Windows or linux wallet couse it can be removed from PC. And second this is limited editon, so its collectible. And people can say they have something unique, POSW engraved on it. People who dont know what hardware wallet is, they dont desire or need it, couse dofar they have been without it. Alot of BTC owners/traders have HW wallet, for antihacking and security the porpose of posw is to leave ur coins ON their site to get stakes and dividents, so a hw is a direct conflict to the main site reason, tough reasons for having ur coins offline are logical, the site should try to find solutions for leaving them ON site AND guarante safety so a failed concept imo Thats probably a fair point, I think its mainly designed for people who want full control of their coins /Pvt key etc. However I've also told people if posw ever got hacked the coins worthless anyways so... Lol |
|
|
|
|
1153
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [POSW] POSW COIN | Earn Monthly Dividends in Profit-Driven Growth Coin
|
on: May 01, 2017, 05:55:20 AM
|
Did some calculations. some math may me wrong cause... well... it happens
Only got 41.xx for having 16801 posw. Im not a huge whale in the pool. Im only about .05 percent of sites pool. Calculating how many coins in existence and add those to the pools number. You can calculate true vested amount percent, it lowers even more.
using the 41 dividends and my total balance, the percent of my dividends was equal to .00244. To check correctness: .00244 * 16800 = ~41.X
This confirms the dividend percentage was correct. Now we are going to use last months reports to figure out how many coins used as dividend. They used 278k coins
If we use the last month as an average satoshi price and the amount of coins in the march listing. They handed out 2 btc worth of dividends. If we estimated at 8k satoshis, using the same amount of coins would they would be estimated to give out ~22 btc. Using the amount of 41 received posw, the dividend rate, the total circulation supply of 41mil and the current cost .11 cents:
278k/41m = 0.006780487804878 = amount of total supply given to dividends
41/16800 = .00244 ratio of received coins. So this means that .00678 * 16800 = ~ 111 coins should have been received. Then 41/111=37% . i received 37% less dividends as expected. This opens up an option to be explored
So either the true amount of dividend coins should either be [.37*278k] = 102,684 actual coins distributed (this is based on using same satoshi price) or if they did the same amount due to rise of price of 10.66X in a month, the calculations mean they may had only given 28,000 coins (this way they would only distribute they same 2btc worth of dividends, instead of 22 btc as expected. Which means that the calculation of .00244 *102,684 should come out to 41, but it does not, it comes out to 250.5. Odd... so trying 41/28k = .00146*28,000 is .... 41!!!!!! So that means my 41 posw is only .00146 of the dividend given up. Using .000497 (my ratio of 16.8k coins to the 41 million in circulation.) means that I really should have received only 14 posw. I have no idea about what I being used as variables. We need the info.
I think they use a moving satoshi price as opposed to to do the dividend payments; one of my friends had 52k and received I think he said 129? dunno although at the price of 15k satoshi this time around maybe? -- also they had more expenses this month compared to last month; which could have increased their expenses so the numbers are a little harder to guestimate. April report goes up soon and we can backmath the satoshi price they played with -> I would assume it was a higher price point than last month just simply because well the price exploded. We shall see x) |
|
|
|
|
Show Posts
