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

[wwzsocki]

PosToken airdrop received thanks dev. This is just a beginning of a journey. I see this project as a great success in 2018. We need more buzz in media.

[mummybtc]

I want to ask if the calcualtion on stake per day on this website ( https://calculator.postoken.org/ ) is correct, I notice an anormally with the calcualtion, unless the stake calcualtion will employ the use of compound interest in calculation the stakes

[etatto]

Nice! 15.094931506849315068 so minting is working.
I really thing POS is THE best adition to ETH

[Klozed]

Great project. Thanks for airdrop!

[Mettius81]

I have executed the contract yesterday how i can check if it working? Thanks a lot

[drsmoketto]

Hey. Just wanted to update my signature here. Do I need to re apply to get my status changed to be included in the sig campaign?

Cheers guys

[XitroUtko]

Please help with mining!
I received POS tokens about 4 days ago. When i checked my ETH address on https://calculator.postoken.org , it gives me COINAGE: 45 TOKEN-DAY. But when i checked it in MEW, it gives me 0. what i/m doing wrong?
1.Logging in MEW using Keystore File (UTC / JSON)
2.Switch to "Contracts"
3.Select Existing Contract (Postoken) (Contract address 0xee609fe292128cad03b786dbb9bc2634ccdbe7fc)
4.Press Access
5.Select Coinage
6. Receive myCoinAge=0
 

[adisma]

I have executed the contract yesterday how i can check if it working? Thanks a lot

Does it cost something to start the contract ?

[dobrota]

Hello! Is the Signature campaign continuing now? Will the wearing of signature be paid? I did not find the spreadsheet.

[XitroUtko]

Please help with mining!
I received POS tokens about 4 days ago. When i checked my ETH address on https://calculator.postoken.org , it gives me COINAGE: 45 TOKEN-DAY. But when i checked it in MEW, it gives me 0. what i/m doing wrong?
1.Logging in MEW using Keystore File (UTC / JSON)
2.Switch to "Contracts"
3.Select Existing Contract (Postoken) (Contract address 0xee609fe292128cad03b786dbb9bc2634ccdbe7fc)
4.Press Access
5.Select Coinage
6. Receive myCoinAge=0
 

WOW. Just tried to start mining with "mint" and got 0.094931506849315068 POS Tokens. That's great!

[Mettius81]

I've started yesterday but i didnt receive nothing until now.

[vascrs11]

Please help with mining!
I received POS tokens about 4 days ago. When i checked my ETH address on https://calculator.postoken.org , it gives me COINAGE: 45 TOKEN-DAY. But when i checked it in MEW, it gives me 0. what i/m doing wrong?
1.Logging in MEW using Keystore File (UTC / JSON)
2.Switch to "Contracts"
3.Select Existing Contract (Postoken) (Contract address 0xee609fe292128cad03b786dbb9bc2634ccdbe7fc)
4.Press Access
5.Select Coinage
6. Receive myCoinAge=0
 

WOW. Just tried to start mining with "mint" and got 0.094931506849315068 POS Tokens. That's great!

I think there is a post by dev team , mentioning about some problems getting the right coin age from MEW. That's why they provided the https://calculator.postoken.org

[adisma]

Can someone tell me if it's free to mine with mint ?

[eddiies]

Hello! Is the Signature campaign continuing now? Will the wearing of signature be paid? I did not find the spreadsheet.

hi.i also want to know the question.where is the sheet?i want to join it.

[XitroUtko]

Hello! Is the Signature campaign continuing now? Will the wearing of signature be paid? I did not find the spreadsheet.

hi.i also want to know the question.where is the sheet?i want to join it.

no sheet.  you have to fill all necessary info here  :https://postoken.org/airdrop.html

[puremage111]

Hello, claim  my mint reward

Even it is just 0.29

But feels good!

Anyhow for the 2nd round of airdrop, do i need to register again if i participated in the first?

[JHB3]

Hello, claim  my mint reward

Even it is just 0.29

But feels good!

Anyhow for the 2nd round of airdrop, do i need to register again if i participated in the first?

would be great to know! Is it necessary to register again for the 2nd airdrop round? and will we get a bonus if we participated in the 1st round?

greetings

[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 ??

Definitely Yes.

Okk thanks. I am beginning to understand more how POSToken works.

[seyola89]

Thanks for the update

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

You have to do the minting as frequently as you want within the 3rd and 90th day so that your staked postoken amount can be added to your balance..so the next time you mint, your rewards will be based on your new balance.. So its like accumulation of a thing depending on how frequently you mint

But know that the more you mint, the more ether gas you use

Maybe dev should confirm my answer also

[Oumal]

I see many have already received tokens, I still have not received anything