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

[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
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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

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.

[kalunomics]

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.

But Accelerator and Hawala got to $25 with only decentralized exchanges like ED and IDEX

[wojteks102]

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.

Exactly, especially when there are problems with PoSToken wallet on coinexchange. Soo, maybe cryptopia is the best option?

[Pahillhill]

why do we need to convert our POS token to $. does it give more advantage than lending POS?

[libert19]

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?

Yup, it is normal, does not affect stacking.

I am newbie.How to use this Signature?Just copy that newbie code on my profile or other work for this Signature Campaign?Anyone help me please.

Airdrop and bounties are over months ago.

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.

Same thoughts. Imo first two years interest rate is 100% and 50% respectively, so I would be doing only stacking for first two years then after I feel that PoS price would be to the moon so then I will try lending.

Just my two PoS 😂

[random8888]

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 instructions but i left gas limit as it was (20,000). But i think it didn't go through (because it shows a red exclamation mark next to the Tx). Right after i sent that transaction, i went to the coinage calculator and it showed a reward of 45 POS. But right after that, i tried to do exactly what you said to do (this time with 200'000 gas limit), and it went through. But when i go to the calculator, it now shows a reward of 0 POS. Did i lose that reward, or can i still get it? If so, then how? Thanks

[random8888]

Now i see that those 45 POS has been added to my balance on the MEW, but on etherscan.io and ethplorer.io, it is still showing the older balance. Is it normal and should shortly reflect on other explorers?

[libert19]

Now i see that those 45 POS has been added to my balance on the MEW, but on etherscan.io and ethplorer.io, it is still showing the older balance. Is it normal and should shortly reflect on other explorers?

For ethscan: Enter your address on ethscan >> click view tokens >> click on PoSToken >> Go back and refresh page, ethscan will update your balance right away 

[cryptovagas]

For ethscan: Enter your address on ethscan >> click view tokens >> click on PoSToken >> Go back and refresh page, ethscan will update your balance right away 

so my solution is now universal but i think dev should find a better solution for that to have them auto update
something else i have in mind since the beginning of lending platform, it surely will help market but has anyone compared that with staking ?

[tolmar]

Hi,

Im new in the Postoken and I have some questions or concerns.   I do like what I see and read about the Pos token that is good project and everything is looking fine.

If I want to make large investment in lending platform I take a look of procedure and it is pretty easy.  I do have a issue or concerns with withdrawals from platform as only Postoken is avialable for withdraw.
Im looking the marcatox exchange and deposit of Postoken is not available so if I buy postokens in mercatox , after I decide once in a while to withdraw the interest I can not do that.
There will be any other withdrawal options like ETH or BTC?
Why the deposit on Mercatox is not available for Postokens?

This is important if the Postoken platform wants to attract some larger investors as they are always concerned about withdrawals.

I do study now etherdelta for this operations but etherdelta is confusing like hell to me ..... Im looking for two days in it and I still not knowing if I can make direct deposit to etherdelta or I have to have first myetherwallet and then transfer......   Anyway to much steps to take out the interests  and Etherdelta for  not tech persons is way to complicated and without proper guide how to ...
For me that Im not comp guru it is confusing.  

If the Postoken lending platform will soon have BTC or ETH withdrawal it will attract a lot of new clients or at least the Mercatox deposit should be fixed so that you have option of withdrawal to exchange (other then etherdelta)

This is  my point of view of how I see the lending platform.

All the best to in 2018 !

[Trofo]

Hi,

Im new in the Postoken and I have some questions or concerns.   I do like what I see and read about the Pos token that is good project and everything is looking fine.

If I want to make large investment in lending platform I take a look of procedure and it is pretty easy.  I do have a issue or concerns with withdrawals from platform as only Postoken is avialable for withdraw.
Im looking the marcatox exchange and deposit of Postoken is not available so if I buy postokens in mercatox , after I decide once in a while to withdraw the interest I can not do that.
There will be any other withdrawal options like ETH or BTC?
Why the deposit on Mercatox is not available for Postokens?

This is important if the Postoken platform wants to attract some larger investors as they are always concerned about withdrawals.

I do study now etherdelta for this operations but etherdelta is confusing like hell to me ..... Im looking for two days in it and I still not knowing if I can make direct deposit to etherdelta or I have to have first myetherwallet and then transfer......   Anyway to much steps to take out the interests  and Etherdelta for  not tech persons is way to complicated and without proper guide how to ...
For me that Im not comp guru it is confusing.  

If the Postoken lending platform will soon have BTC or ETH withdrawal it will attract a lot of new clients or at least the Mercatox deposit should be fixed so that you have option of withdrawal to exchange (other then etherdelta)

This is  my point of view of how I see the lending platform.

All the best to in 2018 !

All valid points, It would be really helpful if at least ETH withdrawal is available on Lending Platform for new users. On the other hand I was expecting the Lending Platform to work only with PoS so we already got more.

Regarding Etherdelta I am using it quite a lot, and before ETH network congestion it was quite OK. At the moment there is a lot of problems with high transaction fees and some erratic behavior which is IMHO caused again because of the high traffic. If you decide to use it, best way is to create your ETH wallet with Metamask and access etherdelta trough it as an added layer of security.

To answer your question it is not possible to make a deposit directly on etherdelta account, it is working as smart contract and always connects to ETH account. You can create account trough etherdelta and export private keys but when you use that address to receive funds they will again be on that main ETH wallet and you will have to deposit it to etherdelta to start trading. Deposit on etherdelta works in a way that you just move funds from your ETH account to smart contract. And when withdrawing it will again have to be to that same ETH account. Hope I managed to clarify it a bit for you.

[StelioKontos]

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?

Never received such an error. You should have done something wrong.

[Paragon Network]

Help please, it's been more than 4 days since I put the coin on the coinage, in the calculator shows EXPECTED REWARD 18.39 pos, COINAGE: 8720.012 TOKEN-DAY, but not one new token arrived to my address! I used a meta mask and staked by instructions on dev on page 67 (here) help with this problem, thanks!

[libert19]

For ethscan: Enter your address on ethscan >> click view tokens >> click on PoSToken >> Go back and refresh page, ethscan will update your balance right away 

so my solution is now universal but i think dev should find a better solution for that to have them auto update
something else i have in mind since the beginning of lending platform, it surely will help market but has anyone compared that with staking ?

Yup, Their calculator needs an update with some more functions. And I am waiting for native stacking apps too, like hawala.today introduced.

Still a long way to go...

[libert19]

Help please, it's been more than 4 days since I put the coin on the coinage, in the calculator shows EXPECTED REWARD 18.39 pos, COINAGE: 8720.012 TOKEN-DAY, but not one new token arrived to my address! I used a meta mask and staked by instructions on dev on page 67 (here) help with this problem, thanks!

You have to manually stake everytime, reward will not automatically arrive on ur addy.

Send yourself (where you are holding PoS) 0 PoS with gas limit 200000(200k) and for gas price check this(https://ethgasstation.info), once transaction gets confirmed you will receive your reward.

[Trofo]

Help please, it's been more than 4 days since I put the coin on the coinage, in the calculator shows EXPECTED REWARD 18.39 pos, COINAGE: 8720.012 TOKEN-DAY, but not one new token arrived to my address! I used a meta mask and staked by instructions on dev on page 67 (here) help with this problem, thanks!

Don't call it staking, that puts you in wrong mindset expecting that you will just receive coins. PoS token works differently: "staking" is done automatically as soon as you have PoS on your wallet for more than 3 days. It is not staking as in some other coins but interest rate of 100% for first year (no difficulty, you are entitled to daily amount proportional to your holdings). You can use calculator to see the amount you are entitled to at that moment. However to receive the amount you have to mint. Which can be done by sending 0 PoS to yourself, make sure that you have put high enough GAS amount for transaction.

[seyola89]

Can somebody explain how the lending works and its benefit against staking/minting of the token?

I think both lending and staking will have their pros and cons. Like someone said before, it will be a very good idea to try both features so that if both succeeds, you will benefit and earn profits from both ways. So even if lending does not work out well, you can still earn from staking

[mainconcept]

Help please, it's been more than 4 days since I put the coin on the coinage, in the calculator shows EXPECTED REWARD 18.39 pos, COINAGE: 8720.012 TOKEN-DAY, but not one new token arrived to my address! I used a meta mask and staked by instructions on dev on page 67 (here) help with this problem, thanks!

Don't call it staking, that puts you in wrong mindset expecting that you will just receive coins. PoS token works differently: "staking" is done automatically as soon as you have PoS on your wallet for more than 3 days. It is not staking as in some other coins but interest rate of 100% for first year (no difficulty, you are entitled to daily amount proportional to your holdings). You can use calculator to see the amount you are entitled to at that moment. However to receive the amount you have to mint. Which can be done by sending 0 PoS to yourself, make sure that you have put high enough GAS amount for transaction.

You are right, it is not an automatic staking process like in POS coin wallets for example. It is called minting i guess.

Just look at the current gas price and only mint when the gas price is low.

[hunnykaushal]

Congratulations! PoSToken Lending Platform is currently online and open for everyone.

$1000 FOR THE WINNER.👏👏👏  Video Review Contest For #PoSToken Lending Platform https://bitcointalk.org/index.php?topic=2775612.msg28380345#msg28380345