🚀[ANN][PoSToken]First PoS Smart Contract Token[Lending Platform Available]

[gold969]

0.001100000   19.990   0.022 eth  this is the latest exchange deal...
just advice ... gas on the stock exchange costs 0.01eth, it turns out that you practically donated coins to coins, do not just sell for the sake of a deal

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[jokerlu]

When will the second release be?

[minerbro]

I think the 2nd airdrop should be allocated to those who bought from etherdelta. like airdrop token should be 10% of any purchase on ether delta.

It's actually a pretty good idea to reward people who bring real value to PoSToken. Dev should think about a "Etherdelta Bounty"

I think it's a great idea for 2 airdrop

[therhslv]

Hello my coinage still 0 ? its been more than 24 hours in my wallet but coinage dosnt change . Thanks

[Matic]

i got my POS tokens, thank you. have there been any news about the rules for the 2nd airdrop?

[BlueStone]

I got my airdrop, thank you dev 
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.

[POSToken]

I got my airdrop, thank you dev 
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.

[vittosport]

I got my airdrop, thank you dev 
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?

[POSToken]

I got my airdrop, thank you dev 
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.

[AdamCooper]

If I hold 100 tokens, wait 3 days and then mine some more do I receive additional 300 tokens? And then do I receive 100% interest on all new tokens mined in the first year?

Still waiting for an answer to my question.

[vittosport]

I got my airdrop, thank you dev 
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?

[POSToken]

what is the mining result calculated in a day? and how long I have to do it

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

[POSToken]

I got my airdrop, thank you dev 
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

[vittosport]

I got my airdrop, thank you dev 
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 .

[FreshB]

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%.

[seyola89]

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]

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]

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.

[edindin]

signature test
new ann page is so good.I expecting from 2nd round airdrop.

[puremage111]

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