Powh3d, bitconnect done right?

[ChrisyD]

Powh3d is a a pretty controversial token at the moment, either you hate it, or you love it.

The project is a decentralized exchange where you can trade etherium for p3d tokens.
This exchange could also be same as some kind of "game", as there are multiple strategies you could choose from. Shutting down the exchange isimpossible, as the exchange is completely decentralized and each etherium transaction is handled by the smart contract.

The special thing about this game are the buy and sell fees. The fees do not go to the exchange; they go to the token holders. The amount of "dividends" one gets is based on the amount of tokens he or she holds. This means that 10% of all volume goes to the token holders. Token prices are decided by the amount of tokens in the circulation. A token buy or sell changes the price by a fractional amount of ETH (about .0000001 eth).

P3D's future is decided by its community. If the market gets stagnant then people will start to sell, this adds volume and revives the market. This is what is meant by Proof of Weak Hands.
I don't know what the best strategy is: keep on reinvesting your dividends? Holding your dividends and reinvesting at a low point? Buying and selling quickly will only cause loss, because the fees will eat you alive. The community, however, will gladly take those dividends.

The community knows that they are part of the project.  I've seen a lot of comments regarding powh devs giving youtubers etherium to shill. As far as I know, this is false. Advertising is mostly done by the community, as it is in their best interest.

Once you have accumulated 5 tokens (which is  very quick), you obtain a masternode.
A masternode is basically a referal link. If someone makes a purchase using your masternode you get 30% of their 10% fee. The exchange will remember the last masternode you've clicked.

I think p3d is a refreshing and an interesting project, but I understand people that shy away from is.
If you're interested, make sure to read up on powh3d yourself. The code is open source and quite easy to understand.

Feel free to use my masternode:
https://powh.io/?masternode=0x3c4a644170a0cd3c2fd07d5c57a8b2cb9f8b9d7f

Discord link: https://discordapp.com/invite/Y6CHepn

Code: https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code

Note:
I am by no means an economics or a crypto expert, but if you have any questions I'll try to answer the best I can. You can also try our discord!

[ZaoXhou]

I don't think lending can ever become big again in crypto.
A lot of coins seem to have a lending platform these days.

[xMarty]

Thanks, ChrisyD, for opening this thread. I hope you don't mind, that I use your thread to catch up with info about PoWH3D and raise new awareness about this revolution in the crypto space.

@ZaoXhou: PoWH3D is no lending platform. Please read along about PoWH3D and keep an open mind.

Let's get started...

PoWH3D summary:
PoWH3D is a decentralized economic simulation of an algorithmically governed cryptocurrency in which the taxes on all transactions are awarded autonomously to currency owners instead of a governing body; resulting in a universal passive income based on adoption and transaction volume.

PoWH3D is a unique cryptocurrency exchange which allows you to trade Ethereum for P3D tokens. P3D tokens are ERC-20 tokens with a clever twist: Every P3D holder receives direct earnings in Ethereum every time that anyone else buys, sells or trades the token based on the amounts of tokens (in % out of total amount minted) held.

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PoWH3D ETH stats as of May 6th:
Total ETH ever invested: 42,122.5915 ETH
Total ETH ever reinvested: 4,603.5715 ETH
Total ETH ever withdrawn: 31,287.0744 ETH
Total ETH ever paid out in rewards: 7,456.8799 ETH
Total ETH ever paid out to masternodes: 828.9676 ETH

PoWH3D Token stats as of May 6th:
Total P3D tokens ever purchased: 3,423,427.5992 P3D
Total P3D tokens ever purchased through reinvestment: 325,859.0529 P3D
Total P3D tokens ever sold: 2,332,279.9522 P3D
Total P3D tokens ever transferred: 46,017.6907 P3D

Fantastic landmark reached on May 8th:
200,000 total transactions to the P3D contract and over 9000 wallets own P3D (etherscouter says). Of that, nearly 50% of them have an iron clad grip and have never sold once.

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PoWH3D info:
PoWH3D website: https://www.powh3d.global
PoWH3D white paper: https://www.powh3d.global/white-paper
PoWH3D FAQ: https://www.powh3d.global/faq
PoWH3D Getting started: https://www.powh3d.global/getting-started

PoWH3D dividends and contract simulation: https://youtu.be/KAHjpB0sx2g
PoWH3D code review: https://youtu.be/gDpOTL_KKys
PoWH3D is NO ponzi/pyramid sceme: https://youtu.be/Tn9FMlGVfP0

Stay up-to-date on PoWH3D:
Discord: https://discord.gg/Y6CHepn
Newsletter: Go to https://www.powh3d.global and scroll to the bottom
Email: info@powh3d.global

If you have any questions, please don't hesitate and ask anything. Write me a PM, drop me a line via email, or use our Discord channel and use the #helpdesk there.

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What's coming next:
The PoWH3D development team has a long-term vision that spans much farther than any one project. There are at least 4 upcoming projects planned and each is distinct and complementary to one another. These projects form a brand new ecosystem. The best part is that each of the projects in the ecosystem will reward strong holders and users of the others. There is no need to sell P3D tokens ahead of the launch of future releases. Instead, having strong hands will only benefit you as the ecosystem develops. The developers don‘t ask for nor want your faith or belief, only that you have fun, think critically and keep an open mind.

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FOMO3D, the next smart contract will go live in May 2018. P3D holders will gain serious benefit from owning tokens.

I'm not a financial advisor, but I recommend looking closely at PoWH3D. If you are comfortable with the project, then buy into P3D, hold your tokens long term, enjoy the dividends and thank me later.