[ANN] [POSW] POSW COIN | Earn Monthly Dividends in Profit-Driven Growth Coin

[soloasi]

by the way

where do you get the price to estimate the coins value in BTC?

[1714892337]

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[cypher21]

sounds interesting.
in the future there are more coins?

[hermesesus]

French translation available
https://bitcointalk.org/index.php?topic=1701671.0

[Bittzy78]

I have been using POS wallet for a little while now and still now problems.

Keep up the good work guys.

 

[pepermin]

It would be nice to exchange coins inside PosW. And I think the earnings even more interesting. But anyway tarning with new PosW coin is wery interesting.

[qiwoman2]

I am the co founder of QIBUCK COIN we give 55 yearly POS rate, what would I need to do to get the coin on your wallet? We are a two year old coin and we have just had our blockchainrevamped and new windows wallet, waiting for mac wallet also. Also am looking to purchase more assets to back our coin so would buying your coin be a good idea as a long term revenue generating asset? Also to get the free silver coin how much btc I need to spend? I would use that also to back my coin.. I would be interested also to buy some for myself..
Also any little bounties going for quality blog reviews as well? 

[btvGainer]

Hi Hindi translation is complete and is posted here https://bitcointalk.org/index.php?topic=1701998.0

[zabava7]

About PoSWallet.com

https://poswallet.com is an online staking wallet serving up more than 70 of the most common PoS altcoins, along with block explorers and faucets for each coin. There are NO deposit or withdrawal fees for users - revenue is generated via a flat fee on staking plus initial coin listing fees paid by developers. Nearly 100,000,000 altcoins have been staked and distributed to user accounts over the past 14 months.

https://poswallet.com/images/ANN-PoSW.png

Once the PoSW coin is launched, all profits will be paid to PoSW holders in the form of PoSW dividends.  We will cover the hosting/server/business costs with all extra profits returned to PoSW coin holders, in a transparent fashion. Proceeds from the coin pre-sale will pay for the development of new features, server upgrades and additions, and other business expenses that will make https://poswallet.com a one-stop-shop altcoin portal.

The goal of the PoSW coin is to maximize investor ROI by driving increased revenue through poswallet.com - rolling out new features, top notch customer service, and a crack marketing team will help drive to this goal.


PoSW Dividends

The dividend schedule is one of the main benefits of owning PoSW coins. Dividends will be paid out at the beginning of each month - these are in addition to the coins earned via the 1% stake rate. As described below, the total coin count will be kept at 250kk by burning coins from the dev address to balance the 1% proof of stake earnings by the users. Dividends will be sent to all addresses holding coins based on the earnings at poswallet.com for the previous month (plus any extra bonuses for said month). The dev PoSW address will not earn any dividends, further enhancing the user-purchased PoSW dividend ROI.

A hypothetical earnings situation is demonstrated in the chart below (assumptions include a 1kk starting PoSW balance on 1/1/2017, a static PoSW price over time, earnings growth of https://poswallet.com over time, and 50kk PoSW purchased by users before 1/1/2017. These are all assumptions for the sake of this example).
The left axis (and blue bars) show the user PoSW balance over time while the right axis (and dashed line) show the ROI (return on investment) for the user in this situation.

https://poswallet.com/images/ANN-PoSW-ROI.png

The above chart is for demonstration and explanation purposes and is not a guarantee of any ROI.  We took our best guess based on poswallet.com monthly earnings performance and 5 years of bitcoin/altcoin experience among the PoSW team.

Dividends will be calculated (on a per address basis) by the formula: (address balance) / [(total money supply) - (dev address holdings)]. PoSW dev addresses will never earn dividends or stake after the coin launch. PoSW dev addresses will be identified publicly at launch.


PoSW Pre-Sale


The PoSW pre-sale is currently underway at https://poswallet.com/posw.php (you must either log in or sign up for an account at poswallet.com to participate in the pre-sale). A unique BTC address will be generated for purchasing PoSW at https://poswallet.com/posw.php once you sign up/log in.


The PoSW pre-sale will run until midnight on January 1, 2017. Pricing for the pre-sale is as follows:

• Before 12/01/2016: 0.000001 BTC/PoSW
• Before 12/14/2016: 0.000002 BTC/PoSW
• Before 01/01/2017: 0.000004 BTC/PoSW

Your PoSW balance will be updated to reflect any purchases after the BTC transaction has been confirmed 10 times.


When the wallet is released (early to mid-Dec 2017, more details on timeline below), PoSW private keys will be given to each user for their pre-loaded PoSW address.

A maximum of 100,000,000 PoSW will be sold during the PoSW pre-sale. This is to help maintain price stability as well as to raise only the funds needed to expand poswallet.com and drive month over month revenue. Any coins not sold during the pre-sale will be held in the developers address for future organized coin sales, bounties, and faucet rewards.  No coins will be dumped by the developers onto exchanges at any time.

The following pre-sale bonuses will be applied based on the number of PoSW purchased by a user. Bonuses will be applied on 1/1/2017.

• 100,000 PoSW - Bonus 5,000 PoSW free
• 250,000 PoSW - Beta test all future new features on poswallet.com
• 500,000 PoSW - Bonus 50,000 PoSW free
• 1,000,000 PoSW - 1oz 0.999 silver bar with PoSW address engraved
• 5,000,000 PoSW - Bonus 250,000 PoSW + 8 x 1oz 0.999 silver bar with PoSW address engraved

The market supply of PoSW is capped at 250,000,000 by burning coins from the developers address once the pre-sale ends.  These will be burned at the beginning of each month when the dividends are distributed.

All coins were pre-mined to control the coin supply and maintain price stability reflective of https://poswallet.com revenue and dividend growth.


PoSW Timeline and New Features

We have a dozen or so major features we plan on adding to https://poswallet.com to increase revenue growth over the next 6 months. As these features are closer to implementation and beta testing, we will announce them in this thread. For a teaser - altcoin exchange integration to staking wallets and expanding to serve > 300 altcoins.   More info soon!

PoSW will be listed on at least 3 exchanges by January 2017 - developer funds will be used to pay coin-listing fees/marketing fees for further exchange listings as needed.


PoSW Coin Technical Details

• Abbreviation - PoSW
• Algorithm - Scrypt (PoW/PoS)
• Max Coin Supply - 250,000,000
• Coin Maturity - 20 blocks
• Stake Rate - 1%/year
• Target Spacing - 64s
• Confirm Count - 10
• Min Stake Age - 8hrs
• Max Stake Age - none

PoSW Silver Bars

Each user that purchases >= 1,000,000 PoSW during the pre-sale will receive a custom 1oz 0.999 silver bar with their PoSW address engraved. After the pre-sale is complete, these will be available for any user to purchase.

Example engraved 1oz silver bar shown below.

https://poswallet.com/img/silver-round.png


PoSW Wallets

Windows, Linux, and source code wallets will be available upon coin release.  Tentative date is mid December to poswallet.com members and hard due-date of January 1, 2017 for general audiences.

This post will be updated with links to the wallets as they become available.


PoSW Official Links

This list will be updated as more links come online.

• Follow us on twitter - https://twitter.com/POSWallet
• PoSWallet.com - https://poswallet.com
• PoSW Coin Information page - https://poswallet.com/posw.php
• PoSW Login - https://poswallet.com/login.php
• PoSW Signup - https://poswallet.com/signup.php
• PoSWallet.com Faucets - https://poswallet.com/faucet.php

PoSW Translations

Translations will be added here as they are completed.

• Spanish - soloasi - https://bitcointalk.org/index.php?topic=1695478
• Portuguese - Raxitto
• Russian - knobson
• Hindi - btvGainer
• Indonesion - kamvreto - https://bitcointalk.org/index.php?topic=1701205
• Turkish - torikan - https://bitcointalk.org/index.php?topic=1700498.0
• French - hermesesus

If you want to help support https://poswallet.com and the PoSW token but do not want to purchase PoSW tokens, please send BTC to 1bcQwukT3Fg8eZqgm9LMBQ8dLsuMkqU46.

[freebitcoins4u]

sounds interesting.
in the future there are more coins?

Plan is to ramp up to ~200 coins in the next 3 months, using some of the pre-sale funding to do this.  As more coins = more stakes = more revenue, this will increase dividends as well.

it will not. for any coin at poswallet my percentage of staking is going down everyday when other people deposits new coins. 

[CryptoHobo]

...

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it will not. for any coin at poswallet my percentage of staking is going down everyday when other people deposits new coins.  

that's like complaining that someone has more hashing power than you at a pool, if people have sent more coins so your percentage has decreased  you have two choices:
a) withdraw your coins and stake with your own hardware
b) deposit more coins to increase your percentage

simples

[Gash]

by the way

where do you get the price to estimate the coins value in BTC?

Few different sites depending on the coin - coinmarketcap, exchanges.

We have a better idea for a pricing system that we will introduce in the next 2-3 weeks.  Expect it to be much more accurate.

Ok Mr. Bean. What happens when u decide u have more stake from strangers' shares than middle exchange earns throughout a year, and after realizing this u run away. What the heck.

[paramind22]

by the way

where do you get the price to estimate the coins value in BTC?

Few different sites depending on the coin - coinmarketcap, exchanges.

We have a better idea for a pricing system that we will introduce in the next 2-3 weeks.  Expect it to be much more accurate.

Ok Mr. Bean. What happens when u decide u have more stake from strangers' shares than middle exchange earns throughout a year, and after realizing this u run away. What the heck.

I'm sorry - I don't understand what you are trying to ask. Feel free to try and re-phrase.

Sounds like he's trying to say how do we do due diligence.  What have you done before this?  Is there a board behind this site?   A corporation?

[ImHash]

So guys, I sent 400 netcoins Ldoge coins a month ago and it changed after 2 weeks to 401 or so but now I have only 397 coins lolwtf?

Here now gimme my coins(bounty) I have same username on POSW

[ImHash]

So guys, I sent 400 netcoins Ldoge coins a month ago and it changed after 2 weeks to 401 or so but now I have only 397 coins lolwtf?

Here now gimme my coins I have same username on POSW

Looking into this now! Sure you didn't withdraw some?

Nah, though it's just a few sats worth which I deposited just for test, nothing big, I just wanted to check if I'm getting paid for posting here :?D

[ImHash]

All of the coins suggested above are now syncing - what other PoS coins would you like to see added?

Yep I was just pointing out to see if might be a bug so you can fix it just like when I accidentally found a bug about peso and got paid a bounty of $20 worth of peso coins day after

Your service is a good one actually when someone puts big amounts, only then they can just sit back and watch their coins stake and grow.
And honestly support is nice and relatively fast.

ADD TPG if not added already

Also I edited my post about the coins being Ldoge and not netcoins had 395 and now 397.5 and had 9.8 netcoins now have 10.6.
Things looking good, sorry for my mistake.

[soloasi]

All of the coins suggested above are now syncing - what other PoS coins would you like to see added?

i would like to see sprouts on the list xD
before you said 808 will be listed,  that will be great, and Coolinthedarkcoin (CC) is a very fast staking coin it would be nice to see it listed too

anyone staking Turbocoin at this time?  

[btvGainer]

All of the coins suggested above are now syncing - what other PoS coins would you like to see added?

Add CREATIO.I can't remember their abbreviation but there is a ANN thread of this crypto on this forum.
If possible add it if not already added.
Thanks

[Jybrael]

Well I have been using Poswallet for a while now and don't seem to have any problem with them. Really like their UI and the faucets are also nice, there aren't too many ads unlike the other faucets which slow down the website way too much and become annoying.

Oh also this is the same username I use on POSwallet as well.

[trbutjk]

i have staking

[mhrwyhhgd]

pm me, if you need korean translate