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Author Topic: 🚀[ANN][PoSToken]First PoS Smart Contract Token[Lending Platform Available]  (Read 258617 times)
vittosport
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September 18, 2017, 06:28:34 PM
 #1401

I got my airdrop, thank you dev  Smiley
I have a question: Currently, my Coinage showing 0, should I deploy the contract now for PoS mining or do I need to wait for coinage to increase?
Please clarify this anyone.

Absolutely nothing but wait three days. Then your coinage will be calculated by the contract.
Btw,in the first three days, your coinage will always be 0. That's the design of PoS Mining.
hi dev I have more than 3 days but my coin age still zero what can i do?

Hi vittosport,

Please use our online PoS mining calculator to query your coinage. https://calculator.postoken.org/.
We found that MEW and other wallets don't execute the function coinAge() correctly.
thank you dev I check it in the website but now how to deploy the pos mining contract?


Please take a look at these post:
https://bitcointalk.org/index.php?topic=2110712.msg21870846#msg21870846
https://bitcointalk.org/index.php?topic=2110712.msg21934703#msg21934703
thank you dev I do it .

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September 18, 2017, 07:10:13 PM
 #1402





Coinage, from the OP, is calculated as (number of days X no. of tokens) hence if you have 100 tokens after 3 days they mature. In 30 days your coinage would be 3000.
3000 in the calculator yields 6.3POS as rewards.
therefore in a year from 100 tokens you get 75.6 POS

That's 75% ROI as opposed to 100% in the first year on the OP.

Dev please clarify.



Hi FreshB,

Sorry for the late reply since we saw your question just now.
First of all, thank you for your questions!

Your math is correct in sense, but due to the high interest rate for the first two years, compounding should be taken into account.
In addition, after each mining, the new coinage will be accumulated based on the new balance.

For example:
Blob has 100 tokens, he hold them for the whole first year and mine every 3 days.
Alice has 100 tokens, she hold them for the whole first year and mine every 90 days.

If we use 100% to do the calculation:
Blob will receive 100*((1+100%/365*3)^(365/3)) ≈ 271 POS
Alice will receive 100*((1+100%/365*90)^(365/90)) ≈ 241 POS
You can see that the effective interest rate of first year range from 140% to 170%. The totalSupply will increase to at least 2.4 Mil after the first year, this is bad for the whole system.

But if we use 77% to do the calculation:
Blob will receive 1000*((1+77%/365*3)^(365/3)) ≈ 215 POS
Alice will receive 1000*((1+77%/365*90)^(365/90)) ≈ 200 POS

Thanks for the explanation. I didn't realize compounding would be a factor. Yes It would definitly be better at ~77%.

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seyola89
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September 18, 2017, 07:57:26 PM
 #1403

Quote
However, the basic premise of starting PoS mining is that you should have held some PoSToken for a period of time, greater than or equal to The Minimum Coin Age. Then you can start PoS mining by:
I am a little bit confused about the coin age. Will the coin age also rise while mining or rather after triggering the mining process? Is it better to wait 90 days, because I would receive more rewards then or it doesn't matter?


This is similar to the question I asked earlier. Can I just wait till the 90th day and initiate the mint Mining ??will I still get all accumulated tokens for the past 90 days?

seyola89
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September 18, 2017, 08:18:32 PM
 #1404


Hi FreshB,

Sorry for the late reply since we saw your question just now.
First of all, thank you for your questions!

Your math is correct in sense, but due to the high interest rate for the first two years, compounding should be taken into account.
In addition, after each mining, the new coinage will be accumulated based on the new balance.

For example:
Blob has 100 tokens, he hold them for the whole first year and mine every 3 days.
Alice has 100 tokens, she hold them for the whole first year and mine every 90 days.

If we use 100% to do the calculation:
Blob will receive 100*((1+100%/365*3)^(365/3)) ≈ 271 POS
Alice will receive 100*((1+100%/365*90)^(365/90)) ≈ 241 POS
You can see that the effective interest rate of first year range from 140% to 170%. The totalSupply will increase to at least 2.4 Mil after the first year, this is bad for the whole system.

But if we use 77% to do the calculation:
Blob will receive 1000*((1+77%/365*3)^(365/3)) ≈ 215 POS
Alice will receive 1000*((1+77%/365*90)^(365/90)) ≈ 200 POS

Hi dev. Thanks for this info. So it means that the more frequently we do the pos mining, the more postokens we accumulate ?? But also this implies that the more ethereum you spend as gas ??

POSToken
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September 19, 2017, 03:24:09 AM
 #1405


Hi FreshB,

Sorry for the late reply since we saw your question just now.
First of all, thank you for your questions!

Your math is correct in sense, but due to the high interest rate for the first two years, compounding should be taken into account.
In addition, after each mining, the new coinage will be accumulated based on the new balance.

For example:
Blob has 100 tokens, he hold them for the whole first year and mine every 3 days.
Alice has 100 tokens, she hold them for the whole first year and mine every 90 days.

If we use 100% to do the calculation:
Blob will receive 100*((1+100%/365*3)^(365/3)) ≈ 271 POS
Alice will receive 100*((1+100%/365*90)^(365/90)) ≈ 241 POS
You can see that the effective interest rate of first year range from 140% to 170%. The totalSupply will increase to at least 2.4 Mil after the first year, this is bad for the whole system.

But if we use 77% to do the calculation:
Blob will receive 1000*((1+77%/365*3)^(365/3)) ≈ 215 POS
Alice will receive 1000*((1+77%/365*90)^(365/90)) ≈ 200 POS

Hi dev. Thanks for this info. So it means that the more frequently we do the pos mining, the more postokens we accumulate ?? But also this implies that the more ethereum you spend as gas ??

Definitely Yes.

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September 19, 2017, 03:35:10 AM
 #1406

signature test
new ann page is so good.I expecting from 2nd round airdrop. Smiley
puremage111
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September 19, 2017, 03:51:04 AM
 #1407

Step-by-Step Tutorial to PoSToken PoS Mining -  Fast & Easy

Hi, community

We make a step-by-step tutorial on how to start PoSToken PoS mining. Hope this helpful to you!
Any Ethereum wallet can be used to interact with smart contracts. In the example below we use MyEtherWallet.com to tell you how to start PoSToken PoS mining and get some reward.

1.Query your COINAGE and EXPECTED REWARD
Go to https://calculator.postoken.org/
Most Important: Make sure that your coinage is greater than zero, thus you can get reward via PoS mining.



2.Go to MyEtherWallet & Click "Contracts"



3.Input Contract Address & Contract ABI, then Click "Access" Button.

Contract Address: 0xee609fe292128cad03b786dbb9bc2634ccdbe7fc
ABI/JSON Interface:[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":false,"inputs":[],"name":"mint","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"coinAge","outputs":[{"name":"myCoinAge","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_from","type":"address"},{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"timestamp","type":"uint256"}],"name":"ownerSetStakeStartTime","outputs":[],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"maxTotalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[],"name":"getBlockNumber","outputs":[{"name":"blockNumber","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"chainStartTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"stakeStartTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_recipients","type":"address[]"},{"name":"_values","type":"uint256[]"}],"name":"batchTransfer","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_value","type":"uint256"}],"name":"ownerBurnToken","outputs":[],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalInitialSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"annualInterest","outputs":[{"name":"interest","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"stakeMinAge","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"chainStartBlockNumber","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"},{"name":"_spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"stakeMaxAge","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"maxMintProofOfStake","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"newOwner","type":"address"}],"name":"transferOwnership","outputs":[],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"burner","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Burn","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"_address","type":"address"},{"indexed":false,"name":"_reward","type":"uint256"}],"name":"Mint","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"owner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Approval","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"}]



4.Select 'mint' in the dropdown box.



5.Click "Generate transaction" Button to Start PoS Mining
Make sure to set the GAS limit to 200,000



Thanks for the update

Btw, once i execute the mint function, it will be mining forever? Or i need to mint it daily? Thanks


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kabukabu
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September 19, 2017, 06:33:56 AM
 #1408

My coinage will be 4050 token-days after I hold 45 POS for 90days.
Inputting 4050 in your calculator display 8.5
Does it mean that I receive 8.5 POS in a month if I start pos minig right now?
If so,I receive 102 POS in the next year.ROI is 226%.That’s impressive!


Your math is flawed. You mentioned 45POS for 90days. hence the reward 8.5POS is in ~3months not 1 month.
 
I got it.Then I will receive 34 POS that ROI is 76% in the next year.
It's almost exactly as dev. explained on  #1419 Lips sealed
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September 19, 2017, 07:14:45 AM
 #1409

there's something about this damn coin that makes me want a lot of it real badly lol. well quite a few things honestly. the whole "smart staking" is lovely. hopefully there will be a wallet with a more convenient one-button option for this eventually. the low supply is an obvious one, but also the fact that it might be one of the most finely distributed coins i've seen in some time because of the air drops, so basically you're not starting with bloody Sea-World like some ICOs. I want to be Shamu for this coin but at the prices on etherdelta I would go broke before I'm even something that eats more than phytoplankton

it blows my mind that anyone would even sell this coin this early. especially since they got it for free
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September 19, 2017, 07:27:25 AM
 #1410

there's something about this damn coin that makes me want a lot of it real badly lol. well quite a few things honestly. the whole "smart staking" is lovely. hopefully there will be a wallet with a more convenient one-button option for this eventually. the low supply is an obvious one, but also the fact that it might be one of the most finely distributed coins i've seen in some time because of the air drops, so basically you're not starting with bloody Sea-World like some ICOs. I want to be Shamu for this coin but at the prices on etherdelta I would go broke before I'm even something that eats more than phytoplankton

it blows my mind that anyone would even sell this coin this early. especially since they got it for free

100% agree. Dev's doing a great job here distributing the coins fair and helping the community instead of just throwing all coins out and disappearing.
Thanks for providing us such tools like the mining calculator also hoping for a staking wallet in the near future Smiley

Is there a way to get PoSToken to coinmarketcap.com?


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Alohaboy?!
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September 19, 2017, 07:36:52 AM
 #1411

Received my coins. Really great to see the tutorial. Will try it out! Great work dev!

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Mettius81
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September 19, 2017, 08:17:14 AM
 #1412

How i can check if i execute good the contract?

I've checked the coinage on my ETH address and the first time that i checked the calculator tell me 260, but now is zero. Why?


Thanks a lot

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September 19, 2017, 09:30:26 AM
 #1413

This token has received a lot of attention recently. Keep up the good work developers.  Cool

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September 19, 2017, 09:39:40 AM
 #1414

How i can check if i execute good the contract?

I've checked the coinage on my ETH address and the first time that i checked the calculator tell me 260, but now is zero. Why?


Thanks a lot

please answer these questions.
Did you move your tokens after checking calculator?
Did you buy more tokens and put in the same address after checking calculator?

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Mettius81
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September 19, 2017, 09:44:50 AM
 #1415


[/quote]

please answer these questions.
Did you move your tokens after checking calculator?
Did you buy more tokens and put in the same address after checking calculator?
[/quote]


I've moved the coin after calculation
No coin bought


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September 19, 2017, 09:47:32 AM
 #1416

Read a lot of notice, has always been Coming Soon, the host is waiting for what? So many followers are waiting

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September 19, 2017, 10:18:37 AM
 #1417



please answer these questions.
Did you move your tokens after checking calculator?
Did you buy more tokens and put in the same address after checking calculator?
[/quote]


I've moved the coin after calculation
No coin bought


[/quote]

Quote
Coin age is simply defined as token amount times holding period.In a simple to understand example:
1.If Bob received 10 tokens from Alice and held it for 60 days, we say that Bob has accumulated 600 token-days of coin age.
2.Additionally, when Bob spent the 10 tokens he received from Alice, we say the coin age Bob accumulated with all tokens in his account had been consumed (or destroyed).

You moved the tokens, then the coinage of these tokens will be consumed.

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September 19, 2017, 10:22:30 AM
 #1418



please answer these questions.
Did you move your tokens after checking calculator?
Did you buy more tokens and put in the same address after checking calculator?
[/quote]


I've moved the coin after calculation
No coin bought


[/quote]
That's the problem. (Coinage is number of days held X number of tokens). Moving it resets the coinage. The new coinage will be displayed after 3 days maturity period.


Edit: Just noticed you responded @POSToken

Concerning the second question I asked, Does sending more tokens to the same address that holds mature POS affect the coinage?

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September 19, 2017, 10:26:47 AM
 #1419

Do the proceeds accumulate the amount of PoSToken in the wallet and the calculation is redone?

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September 19, 2017, 10:44:04 AM
 #1420

Hi dev!

I hold my coins 3 days.
Checked coinAge() in MEW yesterday.
coinAge was greater than 0.
Then mint and generate transaction.
Why https://calculator.postoken.org shows coin age 0 today?

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