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

[Trofo]

Hi,
I still study the complete story about Pos token and now with lending platform.  I did post previously that my concern goes to withdrawals..  Now after I carefully studied the lending site I have some concerns that will like to point out.  First of all the refferal rate is way to high and way to many levels to be sustainable on the long run.
If the 1. level gets 10% comission and 2.Level 3%......  all together id 17% see below.
Level   Rate
1   10%
2   3%
3   2%
4   1%
5   1%

So if I invest 1000usd imediately for lending platform that means 830USD as the 170USD they distributed among refferal levels...
We know what happened to bitconnect and they had first level in 5% so Im guessing this will be sustainable untill the price of token will rise.  As I checked the whitepaper that in my opinion lacks of information like who is behind the company operating the postoken.. Again if there are now names and faces behind the projects it is for a reason..

I liked the postoken as way of mine thru ETH smart contract but the lending site is to much ponzi scam written all over it.  Refferal of 10% is intended to attrack greedy people that will promote the lending and sooner or later the end will come like it was for bitconnect.
I would wish some lending platform was made like crypto funds like iconomy where you invest and of course thing can go up or down based on the market.   Not all day should be +interest it should happen also minus interest... so if market crash you feel it also.  If this is not the case then we have to consider the lending platform to be ponzi scheme.
This is my opinion and I know many people will jump inn like crazy not thinking twice as they only see +interests and nothing else.   
Here at pos token if the refferal where made to only 2 levels and with 1.level 3% and second 1%  and then finished it would be much more belived in...

Good post. I share some of your concerns regarding lending platform. However, I would like to point at out that assumption behind the part marked in red is faulty. You have to consider that most of the new users will not have 5 levels deep referrals. Your math works only if somebody joins as fifth level deep referral. That is what is called worst case scenario. Realistic number will probably be a lot smaller than those 170$.

It is very unfortunate that PoS token launched lending platform almost simultaneously with bitconnect downfall. I am following the project from the beginning and had really high hopes for it. Still believe they are legit but as you pointed out there are some concerns.

[oleksii777]

Hello everybody. Developers as you explain the fact that the platform is launched. And does the coin fall in price? Analyze the situation. And take measures to ensure that the coin is raised in price.

[kopisusu]

PoSToken wallet not working on Coinexchage
And MERCATOX and Coinexchage support tell me will fix that but thats a week ago???

and if this continues to happen, I'm sure the postoken will never grow and will make the price down. It seems that they deliberately let all this happen to coinexchange ..

[Joe-Niner]

I didn't realize my money would be locked up for 6 months on the lending platform.  That was a dumb move on my part, for sure POS goes higher than the price it is now.  I should've just held them versus trying to 1% a day.

[xfunk]

Why the developers decided to go by "ponzi scheme" way? the token was very interesting itself, but now it smells like scam

[seyola89]

Lending Platform Online Now

Hi community,

Sorry let you wait so long, but PoSToken Lending Platform is currently online and open for everyone.

============================
https://lending.postoken.org
============================

You can earn up to 50% monthly by lending your postoken, ethereum or bitcoin(deposit for bitcoin will open later) on our platfrom.
Also, you can make profit by sharing your referral link to your friends, we provide 5 levels deep referral commission.
Our next goal is the internal exchange, more details will be ready later.

Level	Commission Rate
1	10%
2	3%
3	2%
4	1%
5	1%

Best Regards,
PoSToken Dev Team.

yeah I am just seeing this. Been busy all this while. This is good news for postoken. I know Postoken is still way undervalued, can't wait for $5+. By then both minting and lending will make good sense.
My only concern about the lending scheme is I think the referral rewards are too high.
The proposed internal exchange is also vital and a great idea. We hope to see this achieved soon.

[seyola89]

I would like to ask the developers of the project - how do you think it might be better for the project to go to its own blockchain in order to avoid the inconvenience that the Eth platform is causing now? I think this could bring additional investment in the project.

This sounds strange because if POS decide to build and migrate to a custom blockchain, then it has defeated its sole purpose of what it really represents: being the first proof of stake smart contract token on the Ethereum platform!!
I think dev should just try to focus on the proposed roadmap and try to achieve them. It's not an easy work though, maybe he will need help from other professionals in the field.

I have a question to whom we are lending $ from PoSToken lending platform?

Nothing complex really. We are lending it to the poatoken system itself and the system pays us back from the reserve tokens.

[seyola89]

I just minted 30 pos (14 days period) successfully by sending 0 pos to myself and using 5 gwei as gas price. Fees was around 8 cents.
How I wish postoken can be listed in kucoin!! $10+ will be very sure if it happens. I need a magic wand right now..

[libert19]

I love this status of ethereum network, made transaction with 3 gwei gas price, it got confirmed in less than a half minute and paid 7 cents only as transaction cost!  

[libert19]

i used lending platform to purchase pos tokens cause in ether delta i paid 2 dollars for something named "bad jump" (smirk)
withdraw of pos token from platform was completed in 14 hours

I paid $15 once 😀

[rohan.hariharan89]

Lending platform intro video:

https://m.youtube.com/watch?v=tDcLqyEp9Hs

Referal link:

https://lending.postoken.org/r/rohangohan123

[Alohaboy?!]

I love this status of ethereum network, made transaction with 3 gwei gas price, it got confirmed in less than a half minute and paid 7 cents only as transaction cost!  

really good to have times like this too. The network was so clogged, near to not usable.

[pceriani69]

Hello




plaftform is nice a part the support

i' would like to know better how to withdraw before to invest more in the platform

I made a withdrawal using the only option available in the wallet

I withdraw pos and give ETh address as request

I tested with 10 pos and still in process

is this the right procedure?


thanks and regards


 
investor

[rohan.hariharan89]

Hi,

1) You can convert USD earned to POS.

2)Withdraw POS to MEW.

3) Continue staking in MEW to earn more POS.

[pceriani69]

thanks for reply
but my question is
i transfer pos token in eth address, is this the right way to withdraw?
is the only option available
0xdca7c194e249b64b6e10dd4de0a65a7e65f8817f
i never get the eth in my wallet
what i have to do? how i can get eth if i send postoken to eth address?
please help me
thanks

investor

[Trofo]

thanks for reply
but my question is
i transfer pos token in eth address, is this the right way to withdraw?
is the only option available
0xdca7c194e249b64b6e10dd4de0a65a7e65f8817f
i never get the eth in my wallet
what i have to do? how i can get eth if i send postoken to eth address?
please help me
thanks

investor

PoS token is ERC-20 token. Meaning you will receive it on your ETH address if you are using a wallet which supports tokens (myetherwallet and some others). You will not get ETH but PoS token. You have 8 Pos token on your address received 2 hours ago:
https://etherscan.io/address/0xdca7c194e249b64b6e10dd4de0a65a7e65f8817f

[pceriani69]

thanks again
this eth address do not support postoken
is not a MEW
now what i cand do to retrive this token ?
can u send back to the platform or to a mew wallet ?

[pceriani69]

can u please me also if i can transfer to metamask?
can i stake in metamask wallet?

in case i can stake with metamask can u please send me a link to the instruction or a video how to set up metamask for staking ?

thanks

[Trofo]

thanks again
this eth address do not support postoken
is not a MEW
now what i cand do to retrive this token ?
can u send back to the platform or to a mew wallet ?

I believe all ETH address support tokens, you have problem with your wallet. You can see from etherscan that PoS has arrived to your address correctly.

If you have access to your private key I believe you can access your wallet trough MEW. And then do whatever you want.
Please check the situation before trying, just to make sure, I have never tried it because I use MEW from the beginning.

What wallet do you use? If it is Metamask you can log to MEW trough it.

can u please me also if i can transfer to metamask?
can i stake in metamask wallet?

in case i can stake with metamask can u please send me a link to the instruction or a video how to set up metamask for staking ?

thanks

I am not sure that Metamask supports erc20 tokens. I am not using it.
You are already staking it from the moment they arrived on your address. To receive your stake you will have to mint which should be possible by using any wallet which is able to send PoS. Example: You send to yourself 0 PoS in MEW and that is it.

Since you have just 8 PoS there is no hurry. You will have to wait at least few weeks in order to maximize profits anyway. So take your time and read few pages back. Minting has been explained in more details multiple times.

[pceriani69]

thanks again
this eth address do not support postoken
is not a MEW
now what i cand do to retrive this token ?
can u send back to the platform or to a mew wallet ?

is metatask working for staking?