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

[libert19]

I know that after 90 day the reward from minting function go reset.

Where did you get this info? Resourse, please!

reset?  so if i hold POSToken in my wallet for 90 days, when i want mint my rewaird , there will be 0 ? where you  get this info , any link?

To clarify, nothing resets. 90 days are the max amount of days your tokens will be accumulating rewards, if you would get 10pos after 90 days you would still be getting 10 pos after 120 days.

thanks, it is a very clear to explain, and how long to mint once to maximize returns? This seems to be a mathematical problem, I have not understand

If you have good amount of PoS then it makes sense to mint frequently otherwise mint once in a while.

[Vegan97]

What are the next steps for PosToken ?

[libert19]

What are the next steps for PosToken ?

Internal exchange I think.

[reffi]

How to receive minted coins to my wallet?  I minted 11 coins, now what to do?

When you say minted, I think that you mean that you just checked PoS token calculator and saw that you can mint 11 tokens, otherwise you already have them.

The process is following(one of them; I have done it like this more than 10 times; all successful):
1. You check PoS token calculator and see that you have 11 PoS tokens waiting for you
2. Check ethgasstation for current level of GAS needed on ETH network
3. Open myetherwallet and send 0(zero) PoS to yourself (same sending and receiving address). Don't worry if transaction trows an error, it happens quite often and you will receive tokens anyway. Just make sure to set enough GWEI for transaction
4. Check your balance on myetherwalet or etherdelta. Ethplorer and Etherscan have quite a big delay before they show correct balance

Hope I managed to help you.

so clear
thanks     

Thanks for explaining the steps but I still see my initial balance postoken 506 as it was before minting, when I check minting it shows 12 coins, so why not my balance 518?? How to claim those 12 minted coins?  Do I have to send 0 PoS again to myself second time to close the minting process?

[joncoinsnow]

when is the plan for the next exchange? i really dont like mercatox lol

[lukax8]

How can I deposit POS Token on lending platform? server error if I click POS deposit button
Only ethereum deposit available?

[Trofo]

How to receive minted coins to my wallet?  I minted 11 coins, now what to do?

When you say minted, I think that you mean that you just checked PoS token calculator and saw that you can mint 11 tokens, otherwise you already have them.

The process is following(one of them; I have done it like this more than 10 times; all successful):
1. You check PoS token calculator and see that you have 11 PoS tokens waiting for you
2. Check ethgasstation for current level of GAS needed on ETH network
3. Open myetherwallet and send 0(zero) PoS to yourself (same sending and receiving address). Don't worry if transaction trows an error, it happens quite often and you will receive tokens anyway. Just make sure to set enough GWEI for transaction
4. Check your balance on myetherwalet or etherdelta. Ethplorer and Etherscan have quite a big delay before they show correct balance

Hope I managed to help you.

so clear
thanks     

Thanks for explaining the steps but I still see my initial balance postoken 506 as it was before minting, when I check minting it shows 12 coins, so why not my balance 518?? How to claim those 12 minted coins?  Do I have to send 0 PoS again to myself second time to close the minting process?

Your first mint was unsuccessful. PoS token staking happens automatically. It is enough that you have tokens on ETH wallet which supports ERC-20 tokens (myetherwallet). PoS token calculator shows you the amount of PoS tokens you will receive when you mint. It is not staking as it is usually understood in other coins. Think of this like annual interest on your coins (100% for first year). There is no difficulty and luck involved. Minting is just the process of claiming your allotted interests.

Follow steps above with special consideration to GAS price. If you mint successfully PoS token calculator will show 0 (zero) for next 3 days and you will see your balance updated.

Hope all is clear now

[p3ppymon]

I cant find any information regarding the lending platform for POS tokens? Can someone shed some light on how it works? How could the devs give us 1.3%+ interest daily when it is impossible for the trading bots to make so much $ in the crypto market? However, this lending platform sounds enticing but extremely risky at the same time.

If you look at their website, you will find the link straight to the lending platform.
https://postoken.org

[libert19]

Just a little suggestion to everyone: if you find useful posts consider giving them some merit. Peace.

[dutchcryptocouple]

Has anyone heard something from the dev team?
Havent seen them posting something on Twitter & Telegram for awhile now .....

[wojteks102]

I cant find any information regarding the lending platform for POS tokens? Can someone shed some light on how it works? How could the devs give us 1.3%+ interest daily when it is impossible for the trading bots to make so much $ in the crypto market? However, this lending platform sounds enticing but extremely risky at the same time.

If you look at their website, you will find the link straight to the lending platform.
https://postoken.org

Direct link to POSToken lending platform website is: https://lending.postoken.org/
You need to register then you would find more information about lending platform.

[seyola89]

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!  

Yeah it has even been better in the past few days. Safe low gas was as low as 1 gwei. The good old days when we can use 1 gwei to mint which is around 2 to 3 cents are back. This is good for all postoken minters and I wish it can remain like this forever. All that is needed now is good increase in price of POS

[Kvanko]

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!  

Yeah it has even been better in the past few days. Safe low gas was as low as 1 gwei. The good old days when we can use 1 gwei to mint which is around 2 to 3 cents are back. This is good for all postoken minters and I wish it can remain like this forever. All that is needed now is good increase in price of POS

Damn, I accidentally used a standard large gwei price and transaction cost was nearly $2.5 for me. Didn't know you can use such a low price now.

[wantertuananh57pht]

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!  

Yeah it has even been better in the past few days. Safe low gas was as low as 1 gwei. The good old days when we can use 1 gwei to mint which is around 2 to 3 cents are back. This is good for all postoken minters and I wish it can remain like this forever. All that is needed now is good increase in price of POS

Damn, I accidentally used a standard large gwei price and transaction cost was nearly $2.5 for me. Didn't know you can use such a low price now.

I send POS for myself at a cost of 1 Gwei but My POS number is not staking
and TX.Hash error
" The ERC-20 Token Transfer might have Failed (ErrCode: unable to locate corresponding Transfer event log), check with sender. "
I have to increase Gwei?

[neoscorpius]

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!  

Yeah it has even been better in the past few days. Safe low gas was as low as 1 gwei. The good old days when we can use 1 gwei to mint which is around 2 to 3 cents are back. This is good for all postoken minters and I wish it can remain like this forever. All that is needed now is good increase in price of POS

Damn, I accidentally used a standard large gwei price and transaction cost was nearly $2.5 for me. Didn't know you can use such a low price now.

I send POS for myself at a cost of 1 Gwei but My POS number is not staking
and TX.Hash error
" The ERC-20 Token Transfer might have Failed (ErrCode: unable to locate corresponding Transfer event log), check with sender. "
I have to increase Gwei?

I did so but this option did not work at all. Recently, I did everything according to the instructions through the MEW, the institution took on the official website. Everything turned out pretty quickly.

[Kvanko]

I send POS for myself at a cost of 1 Gwei but My POS number is not staking
and TX.Hash error
" The ERC-20 Token Transfer might have Failed (ErrCode: unable to locate corresponding Transfer event log), check with sender. "
I have to increase Gwei?

Can you give transaction hash? I think I had the same error but everything worked fine for me. Look in MEW, ethplorer and etherscan are very slow for some reason.

[CryptonikaTrade]

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!  

Yeah it has even been better in the past few days. Safe low gas was as low as 1 gwei. The good old days when we can use 1 gwei to mint which is around 2 to 3 cents are back. This is good for all postoken minters and I wish it can remain like this forever. All that is needed now is good increase in price of POS

Damn, I accidentally used a standard large gwei price and transaction cost was nearly $2.5 for me. Didn't know you can use such a low price now.

I send POS for myself at a cost of 1 Gwei but My POS number is not staking
and TX.Hash error
" The ERC-20 Token Transfer might have Failed (ErrCode: unable to locate corresponding Transfer event log), check with sender. "
I have to increase Gwei?

Guess you should increase Gwei to 2. I take actual Gwei value from that site https://ethgasstation.info/

[join2]

I send POS for myself at a cost of 1 Gwei but My POS number is not staking
and TX.Hash error
" The ERC-20 Token Transfer might have Failed (ErrCode: unable to locate corresponding Transfer event log), check with sender. "
I have to increase Gwei?

Can you give transaction hash? I think I had the same error but everything worked fine for me. Look in MEW, ethplorer and etherscan are very slow for some reason.

I think it takes 3 minutes for a successful transaction, gwei defaut is 41, if you want fast you can raise gwei to 60, transaction less than 1 minute successful

[oleksii777]

Something that the coin goes down in price. I hope this is temporary. I think the developer will come up with something to stabilize the coin.

[newinbtc]

Something that the coin goes down in price. I hope this is temporary. I think the developer will come up with something to stabilize the coin.

I just purchased 300 pos from etherdelta at low price , 0.65$ , its really cheap i know it will easily cross 1.5$ when market will stable , currently market is red even bitcoin below 10k$

I used 41 gwe currently , really we can use 1 or 2 gwe for the ethrum trannsfers