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

[sk.kumar3582]

Trouble with starting PoS minting:
I have followed this tutorial, with no success.
After generating the transaction and clicking send, MEW shows me this error massage:

Insufficient funds. The account you tried to send transaction from does not have enough funds. Required 8200000000000000 and got: 0.

What am I doing wrong? I have carefully followed all the steps, copied all the info correctly, twice.
CoinAge found with calculator shows 3K+coinDays, so I assume it is sufficient.
Any ideas?

i have tested staking several times, but never faced such error, i had even staked with 400coinage and it works fine, leave that tutorial, just do this:

send 0 POS to your own wallet where you are holding pos, wait for transaction confirmation and booom, you will have staked POS in your account.
Just be sure to have some ETH on your wallet and use enough gewi to get your transaction done, also you dont need to use high gas, just use the standard or safe low gas to be sure your tx confirms.

[neoscorpius]

Trouble with starting PoS minting:
I have followed this tutorial, with no success.
After generating the transaction and clicking send, MEW shows me this error massage:

Insufficient funds. The account you tried to send transaction from does not have enough funds. Required 8200000000000000 and got: 0.

What am I doing wrong? I have carefully followed all the steps, copied all the info correctly, twice.
CoinAge found with calculator shows 3K+coinDays, so I assume it is sufficient.
Any ideas?

i have tested staking several times, but never faced such error, i had even staked with 400coinage and it works fine, leave that tutorial, just do this:

send 0 POS to your own wallet where you are holding pos, wait for transaction confirmation and booom, you will have staked POS in your account.
Just be sure to have some ETH on your wallet and use enough gewi to get your transaction done, also you dont need to use high gas, just use the standard or safe low gas to be sure your tx confirms.

I tried to do it different ways and I had problems. The main problem is the Eth platform. Putting too much Gas Price is not entirely rational, and for a small value, the transaction does not pass.

[whatisthis]

According to ethgasstation the transaction cost for a <5 min transaction is at 10gwei, so I can now finally mint my 14 POStoken.  

[lovenlifelarge]

does Lending Platform Account also supports the staking power of POS that I deposited there? Thanks you!

[pinoycash]

does Lending Platform Account also supports the staking power of POS that I deposited there? Thanks you!

Its not supported, once we deposit our postoken its no longer our property and we just need to wait for the daily payout from the lending platform. i am still weighing the profitability of Lending Versus Minting at today's price the minting is much feasible compare to lending.

[zulfi125]

I hold my postoken for investment but why price is going down ?

[linkdead13]

I have been trying to stake this token since i first got it but no matter how long I wait the coinage always reads 0. I have tried sending to myself as well as other things I am running out of ideas.

[Trofo]

I have been trying to stake this token since i first got it but no matter how long I wait the coinage always reads 0. I have tried sending to myself as well as other things I am running out of ideas.

Do you have PoS tokens in the wallet you own like myetherwallet? If affirmative please post a little bit more info about what you have been doing so maybe some of us can help you. Include your public ETH address if you don't have problems with sharing it.

[lovenlifelarge]

does Lending Platform Account also supports the staking power of POS that I deposited there? Thanks you!

Its not supported, once we deposit our postoken its no longer our property and we just need to wait for the daily payout from the lending platform. i am still weighing the profitability of Lending Versus Minting at today's price the minting is much feasible compare to lending.

Yeah, personally I agree with you, as of the moment I will just stay staking it, until such a time that lending will be more profitable, I guess.

[reffi]

woow, i got my third pos stake more than what https://calculator.postoken.org/ has estimated

now its time to test lending

To staking postoken it must be on the postoken website wallet or can be in myetherwallet??

It can be any ethereum wallet that accepts erc-20 tokens standard. But anyway remember that you need to use mint() option - stake manually.

Is there any tutorial how to use mint?? I have 500 postoken in the mew wallet but nothing staking

It's quite straightforward... login to MEW, go in the send tokens menu, set a reasonable min GWEI price on top right (cheap but also safe for the tx to go through), send 0 POS to yourself (your current eth address holding the POS), set gas limit 200'000, send the transaction.

I followed your suggestion but it seems to give me error:
  The ERC-20 Token Transfer might have Failed (ErrCode: unable to locate corresponding Transfer event log), check with sender.

Is it normal?

[wojteks102]

does Lending Platform Account also supports the staking power of POS that I deposited there? Thanks you!

If you want to stake your PoS you have to do it manually and in your personal wallet. Not on lending platform wallet!

[seyola89]

Someone can explain to me how the loan platform will work, for example if I have 100 POS how many I will receive and in what time? Thanks for all

It will work just like every other lending platform out there such that you will have to use the prevailing market price to know the dollars worth of your 100 pos and this dollars worth will be used to lend and your daily interest will be calculated in dollars which you will be able to convert back to POS using the prevailing market price.

[seyola89]

Is there any guide for mining?

On the webisite says: "2.Using MyEtherWallet.com or Mist or any other software that can interact with contracts to execute mint() function."

How do I need to do it?

I already have my coins on MyEtherwallet.com (ledger nano).
Do I need to do something else?

Thanks!

There are two methods of minting. By interacting with smart contract and by sending any amount if POS to yourself (preferably zero (0).
The second method is easier to carry out but if you want to try the more complicated first method, check the OP for details on how to do it.

[Vegan97]

So this is the new bitconnect?

[suryapro]

the beginning of the loan platform at launch  postoken price $ 1.2 and now the price back to normal $ 2 .. hopefully this will be a good start so postoken really reach $ 10

[Real_Unhooked]

Someone have an updated guide to mine on ether wallet. I get a not sufficient funds error when I follow the guide

Is there a discord channel?

[oleksii777]

so I did not understand the credit platform is already running? Was there an official announcement about launching the platform? thanks for the answer
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the beginning of the loan platform at launch  postoken price $ 1.2 and now the price back to normal $ 2 .. hopefully this will be a good start so postoken really reach $ 10

[BCRDev]

POS lending platform sounds good to me, passive income and a good investment. The type of dapp this is, is somewhat over used at this point so im not sure what the market share would look like.

[necromastery]

so I did not understand the credit platform is already running? Was there an official announcement about launching the platform? thanks for the answer
---------

the beginning of the loan platform at launch  postoken price $ 1.2 and now the price back to normal $ 2 .. hopefully this will be a good start so postoken really reach $ 10

The dev already announce it on OP, check it on here for clear information https://bitcointalk.org/index.php?topic=2110712.msg28268640#msg28268640

[eprocent]

so I did not understand the credit platform is already running? Was there an official announcement about launching the platform? thanks for the answer
---------

the beginning of the loan platform at launch  postoken price $ 1.2 and now the price back to normal $ 2 .. hopefully this will be a good start so postoken really reach $ 10

In order for POSToken to reach 10 dollars it needs to be listed in a publicly recognized exchange for large volume transactions such as Bitrrex, Binance, etc. Without being listed in a large trading volume exchange, POSToken can not grow and remain above a certain threshold.