ANN {PoWH3D}🚀 PROOF OF WEAK HANDS 🚀 2,790 ETH INVESTED SO FAR 🚀 NO ICO

[PoWH3D]

WEBSITE | DISCORD | EXCHANGE |


https://powh.io


OVERVIEW

A decentralized economic simulation of an algorithmically governed cryptocurrency in which the taxes on all transactions are autonomously awarded to currency owners instead of a governing body; resulting in a universal passive income based on adoption and transaction volume.


PoWH3D is a fiction-made-real blockchain enforced simulation of self-removal from pareto optimality; an economic concept in which there is no longer a way for an allocation of resources to improve without harming a participant of the model. In this case the harm is intentionally self-imposed due to a lack of patience against other opponents, or as an entry fee to start playing the game.

The result of this experiment in human temperamentality is a mutually beneficial agreement for all other participants in the model based on the decision of others to break pareto optimality by entering, or leaving the contract. The most uniquely expressed benefit is in the form of passive-ethereum income generated by fees imposed on other players liquidating their own positions into, or out of the game. These fees are distributed to token holders as a form of share-based return. The resulting volume-based income adds an expressive third dimension to the standard price/time calculations that are ubiquitous in cryptocurrency today.



FAQ'S

1). What is the Powh3D Project?
Powh3D is a tokenized three dimensional economy simulation that runs entirely off the Ethereum blockchain via a smart contract.

2). What is a Smart Contract?
A Smart contract is a set-in-stone piece of programming language that was submitted to the Ethereum (Eth) network upon launch of our token.  The smart contract handles all Eth and tokens autonomously without any form of human input, and its calculations and functions are confirmed across thousands of computers across the world before they are  run.

3). Can You edit this game now that it's running?  
While it's possible to program rules into a smart contract to allow some editing. The only features the developers made editable are the name of the token and the price of the masternode feature.

4). Do Developers have access to the wallet, or funds?*
The development team intentionally did not program in a way for them to access the Eth or tokens in this game. It is run entirely 100% autonomously by the code you can read open-source on the smart contract. No humans are allowed to intervene. Period.

5). How is this token run without developer interaction?
Generally an ERC20 Token is created through a  smart contract with a set supply under developer control then sold through an external ICO to users interested in the currency, most trades and transfers for the token then occur outside of the smart contract, usually on an  exchange.

P3D Tokens are managed entirely on the smart contract, the purchasing process creates the tokens and puts the funds directly into the contract. The selling process melts those tokens down and returns the funds to the seller directly. Because of the unique way that this process works, the token can function under unique rules not possible on other cryptocurrencies.

6). What unique features does the token have?
P3D Tokens operate under a perfect economic simulation in which all transactions (buy/sell/trade) are taxxed 10% automatically. Since the smart-contract operates its own exchange and the token is autonomous, these fees are automatically split up and rewarded to all token holders instead of a centralized governing body. Simply put, each token grants you a stake of 10% of all volume the cryptocurrency experiences.

7). How do I play?
Playing Powh3d requires you install metamask. It's an addon for your web browser that makes managing an ETH wallet extremely simple. Follow the instructions it provides very carefully and absolutely make sure you back up your seed key somewhere safe. After that, simply transfer eth into the address metamask gives you as your own account and visit our exchange and hit "Buy". The rest is left to how strong your hands are.

8 ). Was there a pre-Mine?
No.  The Contract was written to allow the two main developers to be able to purchase 1 ETH worth of P3D upon inception and 20 advisors were allowed to purchase 1 ETH worth of P3D only.   You can see the total token distribution here.   https://exchange.powh.io/global-statistics

9). My Question is not answered here, how can I find out more?
Visit our community on our Discord channel which is very active 24/7 with the Developers being online most of the time.  You can visit the Discord here  https://discord.gg/wfG97Kt
Further to that, please note we will not be checking in here regularly, if you have a question please visit us on the Discord and we will happily address any queries you may have.  


10). Was there an ICO?
No.  We currently have over 1,850 ETH in Contracts simply through word of mouth.  No money was raised from the General Public and the Developers funded the entire project.


ABOUT THE P3D TOKEN AND CONTRACT

Token Type: ERC20 Token
Token Name: PoWH3D
Token Ticker: P3D
Token Contract Address: https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe
Token Exchange: https://exchange.powh.io

FURTHER INFORMATION


Some Unofficial Youtube Videos Explaining PoWH3D
https://www.youtube.com/watch?v=IZDph8OQxsc
https://www.youtube.com/watch?v=ur4xERIpKQQ

Also please keep in mind the following points:
This is NOT a lending platform.
Everything is Automated via the Smart Contract.
You will constantly receive payments which you can then withdraw without penalty or if you so choose to, reinvest.
If you have more than 5 P3D tokens in your contract address you are running a Masternode and you can earn by sharing the link for your Masternode if someone uses it to make a purchase.  
There is no bounties but if someone wishes to translate we would appreciate it.  


Even if the PoWH3D website was down/hacked/removed you can STILL access your funds using MetaMask and EtherWallet the Youtube Videos below explain this.
https://www.youtube.com/watch?v=81ADUCGEpCA
https://www.youtube.com/watch?v=IZDph8OQxsc

https://imgur.com/a/eKeLp - Someone please quote for the Piktochart to display.   Thanks.


NO HUMANS ALLOWED!

[1715169872]

1715169872

[1715169872]

1715169872

[concorde899]

Got in early....PM me for details.

[AGM76]

WEBSITE | DISCORD | EXCHANGE |


https://powh.io


OVERVIEW

A decentralized economic simulation of an algorithmically governed cryptocurrency in which the taxes on all transactions are autonomously awarded to currency owners instead of a governing body; resulting in a universal passive income based on adoption and transaction volume.


PoWH3D is a fiction-made-real blockchain enforced simulation of self-removal from pareto optimality; an economic concept in which there is no longer a way for an allocation of resources to improve without harming a participant of the model. In this case the harm is intentionally self-imposed due to a lack of patience against other opponents, or as an entry fee to start playing the game.

The result of this experiment in human temperamentality is a mutually beneficial agreement for all other participants in the model based on the decision of others to break pareto optimality by entering, or leaving the contract. The most uniquely expressed benefit is in the form of passive-ethereum income generated by fees imposed on other players liquidating their own positions into, or out of the game. These fees are distributed to token holders as a form of share-based return. The resulting volume-based income adds an expressive third dimension to the standard price/time calculations that are ubiquitous in cryptocurrency today.



FAQ'S

1). What is the Powh3D Project?
Powh3D is a tokenized three dimensional economy simulation that runs entirely off the Ethereum blockchain via a smart contract.

2). What is a Smart Contract?
A Smart contract is a set-in-stone piece of programming language that was submitted to the Ethereum (Eth) network upon launch of our token.  The smart contract handles all Eth and tokens autonomously without any form of human input, and its calculations and functions are confirmed across thousands of computers across the world before they are  run.

3). Can You edit this game now that it's running?  
While it's possible to program rules into a smart contract to allow some editing. The only features the developers made editable are the name of the token and the price of the masternode feature.

4). Do Developers have access to the wallet, or funds?*
The development team intentionally did not program in a way for them to access the Eth or tokens in this game. It is run entirely 100% autonomously by the code you can read open-source on the smart contract. No humans are allowed to intervene. Period.

5). How is this token run without developer interaction?
Generally an ERC20 Token is created through a  smart contract with a set supply under developer control then sold through an external ICO to users interested in the currency, most trades and transfers for the token then occur outside of the smart contract, usually on an  exchange.

P3D Tokens are managed entirely on the smart contract, the purchasing process creates the tokens and puts the funds directly into the contract. The selling process melts those tokens down and returns the funds to the seller directly. Because of the unique way that this process works, the token can function under unique rules not possible on other cryptocurrencies.

6). What unique features does the token have?
P3D Tokens operate under a perfect economic simulation in which all transactions (buy/sell/trade) are taxxed 10% automatically. Since the smart-contract operates its own exchange and the token is autonomous, these fees are automatically split up and rewarded to all token holders instead of a centralized governing body. Simply put, each token grants you a stake of 10% of all volume the cryptocurrency experiences.

7). How do I play?
Playing Powh3d requires you install metamask. It's an addon for your web browser that makes managing an ETH wallet extremely simple. Follow the instructions it provides very carefully and absolutely make sure you back up your seed key somewhere safe. After that, simply transfer eth into the address metamask gives you as your own account and visit our exchange and hit "Buy". The rest is left to how strong your hands are.

8 ). Was there a pre-Mine?
No.  The Contract was written to allow the two main developers to be able to purchase 1 ETH worth of P3D upon inception and 20 advisors were allowed to purchase 1 P3D only.   You can see the total token distribution here.   https://exchange.powh.io/global-statistics

9). My Question is not answered here, how can I find out more?
Visit our community on our Discord channel which is very active 24/7 with the Developers being online most of the time.  You can visit the Discord here  https://discord.gg/wfG97Kt
Further to that, please note we will not be checking in here regularly, if you have a question please visit us on the Discord and we will happily address any queries you may have.  


10). Was there an ICO?
No.  We currently have over 1,850 ETH in Contracts simply through word of mouth.  No money was raised from the General Public and the Developers funded the entire project.


ABOUT THE P3D TOKEN AND CONTRACT

Token Type: ERC20 Token
Token Name: PoWH3D
Token Ticker: P3D
Token Contract Address: https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe
Token Exchange: https://exchange.powh.io

FURTHER INFORMATION


Some Unofficial Youtube Videos Explaining PoWH3D
https://www.youtube.com/watch?v=IZDph8OQxsc
https://www.youtube.com/watch?v=ur4xERIpKQQ

Also please keep in mind the following points:
This is NOT a lending platform.
Everything is Automated via the Smart Contract.
You will constantly receive payments which you can then withdraw without penalty or if you so choose to, reinvest.
If you have more than 5 P3D tokens in your contract address you are running a Masternode and you can earn by sharing the link for your Masternode if someone uses it to make a purchase.  
There is no bounties but if someone wishes to translate we would appreciate it.  


Even if the PoWH3D website was down/hacked/removed you can STILL access your funds using MetaMask and EtherWallet the Youtube Videos below explain this.
https://www.youtube.com/watch?v=81ADUCGEpCA
https://www.youtube.com/watch?v=IZDph8OQxsc


- Someone please quote for the Piktochart to display.   Thanks.


NO HUMANS ALLOWED!

[goonwolf]

Hey guys, I've written a little piece of PoWH here:

https://steemit.com/cryptocurrency/@goonwolf/cryptocurrency-and-a-universal-basic-income

Cheers!

[materazi]

reserved Russian translation

[bojoketikung]

 P3D ... is this a game application ? How to promote without the gift ?
Hopefully many can understand this project so will many who follow and can profit.

[theguvner]

This is one of the best projects in crypto right now, whales are starting to notice
Pm if you need assistance or check sig

[Bertram89]

I hope there is a Vietnamese translation for your project

[PoWH3D]

I hope there is a Vietnamese translation for your project

If someone wants to translate into any language we would much appreciate it. 

But we are not offering bounties sorry, however if someone does translate, they could explain how others can earn via their Masternode links so it would be a win/win for all. 

[ufou]

reserved

[PoWH3D]

P3D ... is this a game application ? How to promote without the gift ?
Hopefully many can understand this project so will many who follow and can profit.

Please join our Discord and we can answer all of your questions.

Sorry but we are limited to posts until we build up our post counts can only reply every few minutes. 

[PoWH3D]

Topic heading updated from 1850 to 1930 in ETH so far in the Contract. (In the space of 3 hours)

Will continue to update the topic heading ETH amount so at a glance people can see how huge this really is.   

[aleks263]

Great project, I invested a few ETH and already got dividends in ETH:

dont miss it out and check it here and you may join here:

https://powh.io/?masternode=0x493d0e6a0011d177aff6eb674deba6c009de43ec

Go go P3D to the MOOOOOON.....

[PoWH3D]

Fun Fact!

You only need 5 P3D Tokens to run your own Masternode and therefore generate a link for referrals of which you will receive a percentage of if anyone invests using your link.

This is ALL done Automatically via the Smart Contract. 

NO HUMAN INVOLVEMENT!   

[raymondspeaks]

Can confirm that this project pays out -- and regularly.

I managed to get in a week ago. To the mooooooooon!!

[PoWH3D]

Can confirm that this project pays out -- and regularly.

I managed to get in a week ago. To the mooooooooon!!

Thanks and yes it does.  24/7 there is payments trickling into your contract address where you can either reinvest or withdraw without any penalty.   

[tk88one]

marvelous contract!
will be following this heavily, being part of the first 2 fails
this one has one my heart, and has fixed the loss of the first two contracts!

good stuff right here, get in while its still super early, though the system should be sustainable even in the long run. just very good incentive for whales to get in!!!!

have fun having strong hands!

[ramencoin]

Who controls the smart contract? Is it multiple owners? Where are the funds stored that people use to buy into your pyramid investment. It's important to know these things. People claim that no one owns the contract but the contract was deployed from the creator. Does the creator of the contract have the ability to withdraw all funds at once?

Who is the team behind this project? Do you intend to be transparent given the fact you are technically an exchange operating in the United States?

Thanks for responding.

[PoWH3D]

Who controls the smart contract? Is it multiple owners? Where are the funds stored that people use to buy into your pyramid investment. It's important to know these things.

The "Funds" are on the Ethereum Blockchain in the contract address, that is where they are stored.  There is no "Wallets", only THE contract address,  and the personal contract addresses of P3D token holders, of which they control the private keys. 

As you can see from the FAQ's above the rest of these questions you have asked are already answered for you, here it is again for you in case you missed it.


While it's possible to program rules into a smart contract to allow some editing. The only features the developers made editable are the name of the token and the price of the masternode feature.


The development team intentionally did not program in a way for them to access the Eth or tokens in this game. It is run entirely 100% autonomously by the code you can read open-source on the smart contract. No humans are allowed to or even able to intervene. Period.

People claim that no one owns the contract but the contract was deployed from the creator. Does the creator of the contract have the ability to withdraw all funds at once?

There is no claim that "no one owns the contract", obviously the Developers created it and therefore own it, however once it is deployed ownership does not come into play as there are rules within the contract to prevent any altering, or tampering/accessing funds.  Neither the Developers or anyone else can alter/change/manipulate the Smart Contract once it is deployed, it is immutable and entirely autonomous. 

Further to that, the Smart Contract and what is written into it is there for all to read, it is totally transparent so if you want someone who knows about coding to run over it feel free, there is nothing to hide, it is all out in the open.  Here is the link to the Smart Contract, click on the "Contract Source" to see the actual code.  https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code

Who is the team behind this project? Do you intend to be transparent given the fact you are technically an exchange operating in the United States?

Thanks for responding.

The team of Devs are on the Discord, if you want to speak to them personally feel free to drop by the channel and they will communicate directly with you.  And we are not operating in the United States, nor is that relevant.
 
The Token, the Exchange, and the Blockchain are all Decentralized, we are operating wherever you have an internet connection.   

Thank you for your questions. 

[chilldeinleben]

nice already got my first dividends paid out

[PoWH3D]

nice already got my first dividends paid out

Great!  The payments keep on coming, it's like a constant rain of ETH. 

The forecast is for perpetual showers.   

We have a higher amount of volume and contract amount than Cryptokitties now, that is much wow.   https://dappradar.com/

[bit.kidd]

Awesome project with NO humans involved. this project will be one to keep an eye on.

[raymondspeaks]

This is probably one of the only truly decentralised projects to come out since Bitcoin. I love it.

[Ziyi]

Congratz on hitting 2k ETH within a month of realeasing the contract!

[DragonLancer]

It's great thing. Love the maths behind it.
Also etherscan says nobody owns more than 2% of it [etherscan link]. It's already 2,000 ETH in contract balance.

[Breathe]

runs entirely off the Ethereum blockchain...

So initially using your own blockchain, is that what you mean?

[PoWH3D]

runs entirely off the Ethereum blockchain...

So initially using your own blockchain, is that what you mean?

Yes it is a smart contract deployed on the Ethereum Blockchain.

[PoWH3D]

This is probably one of the only truly decentralised projects to come out since Bitcoin. I love it.

Correct, and that is the best feature about it, there is no human involvement, totally decentralized so it cannot and will not be corrupted by bad actors, thieves, exit scammers or anything else you see that is bad in Crypto.


If you remove the ability for humans to make decisions you remove human nature and although the contracts are "smart" they have no desires to buy a new house or own a Lambo, they only do what they are programmed to do and these programmed instructions are there for all to see and it is working, not just well, but very well.   

[raymondspeaks]

This is probably one of the only truly decentralised projects to come out since Bitcoin. I love it.

Correct, and that is the best feature about it, there is no human involvement, totally decentralized so it cannot and will not be corrupted by bad actors, thieves, exit scammers or anything else you see that is bad in Crypto.


If you remove the ability for humans to make decisions you remove human nature and although the contracts are "smart" they have no desires to buy a new house or own a Lambo, they only do what they are programmed to do and these programmed instructions are there for all to see and it is working, not just well, but very well.   

This is actually why I joined cryptocurrency. The removal of centralisation. The idea that we could be the owners of our own money. I think crypto has lost its way a bit since big businesses have joined.

This is what I like to see, though. And why I'm in it

[shizzle_my_nizzle]

Does POWH3D have a roadmap to where it's going in the future or does it all just spring up from the community?

I've read the Discord a little and some improvements were mentioned, but I didn't find anything set in stone or any time goals for updates.

And how do you see yourself in having a long term competitive edge vs others who will copy you since the contract is open source?

[John/D]

Made 71% Gain so far.    Come and get you'res

[raymondspeaks]

Does POWH3D have a roadmap to where it's going in the future or does it all just spring up from the community?

I've read the Discord a little and some improvements were mentioned, but I didn't find anything set in stone or any time goals for updates.

And how do you see yourself in having a long term competitive edge vs others who will copy you since the contract is open source?

I read in chat that the devs were encouraging others into forking the project to create additional layers. I'm not too sure what that means but I think copying is encouraged.

This is a project that benefits all - to be honest you have to be in it for the community to pull off something like this, and in crypto that's a rare find. I'll be gobsmacked if I find a group of people willing to create an open source smart contract again - it's a lot of work!

[PoWH3D]

Does POWH3D have a roadmap to where it's going in the future or does it all just spring up from the community?

We do not have a formal road-map we started with and continue to use an internal system which consists of a check-list of things to do past and present.  

We are working on Language Translations for the site and a lot of other things mostly involved with enhancing the users experience from the front end of the Website, I know that is not a direct answer but at the moment, with the expotential growth, sever demand and managing the hundreds of Daily Discord inquiries our Devs and their team have their hands full, when things slow a little we can then sit back and assess where we are at and focus on what needs to be completed moving forward, and if the community wants it, we will ensure that is in the form of a formal Road-Map.  

I've read the Discord a little and some improvements were mentioned, but I didn't find anything set in stone or any time goals for updates.

As I said above we do have "Goals" and the leadership team has a dedicated web page that has all of those goals listed, our devs are working very hard to improve the front page and add additional features but you can check on the "News" section of the website or the Discord for "Announcements" for the time being.  

And how do you see yourself in having a long term competitive edge vs others who will copy you since the contract is open source?

We see ourselves as having a competitive edge for several reasons.

1.  We have a working product that already has over 1 Million Dollars invested in it and much more than that turnover wise and this is while ETH is at a "Low Point" at $500-ish price.

2.  Yes our contract is open and free for all to read or copy but that does not mean that others with nefarious intentions will not copy it and make some discreet changes to the contract therefore scamming people without their knowledge.  We have already shown through our transparency and continual growth that our contract is robust, open to any auditing and external review, in other words it is honest and we have nothing to hide, so that is why we are the originals in this space and always will be.  
 
3.  Because we are the first to do this mainstream in Crypto and do so honestly and with transparency, we consider ourselves the "Gold Standard" so any copycat projects might pick up a few ETH from FOMO investors but we are the leaders in this space now and intend on being so forever as the contract will run autonomously with the same set of immutable unchangeable rules forever.
 
4.  We have grown to where we are today without mainstream publicity or media coverage, we have done so without the big Youtube channels endorsing us (although we think they will soon do so once they pick up on the contract and the earnings they can make from Mastenodes) and we have done everything with the best interest of the whole project and investors at heart, so that being said, we are not worried about competition, we are more worried about other sites scamming people under the premise that their contract is as transparent, honest and robust as ours is.  

We continue to grow every day, just as small amounts of ETH trickle into in our investors wallets throughout the day (and night), our Dev team have done a great job, yes I am patting our Dev team on the back here, because not only have they created something very special, they have created something unique in the Crypto space,  which is not an easy thing to do.   That being a Dividend paying contract that rewards investors 24/7 and does not allow any human intervention, and allows you to withdraw your funds at any time, there are not too many others that can make that claim and that is why have had had such parabolic growth, and with that we have also nurtured an awesome Discord community which is also growing by the day.    

The other great thing about PoWH3D is that is never too late to invest, you can never "Miss the boat" because say you have 5 ETH tucked away that you are Hodling, well if you do the same Hodling but Hodl it on the PoWH3D contract, you will receive dividends constantly, so you are being paid to Hodl, regardless of price fluctuations of ETH  and if you happen to have a social media following or a circle of friends in Crypto you can be further rewarded simply by using your Masternode link and be paid even more to Hodl.

And when the price of ETH eventually rises, which it will, your earnings are that much greater than were you to just leave your ETH it sitting on your Trezor or Nano s.  


Hope that answers the questions for you, and thanks for taking the time to show some interest in PoWH3D!

If we do have any major announcements or updates, we will be sure to post them here and on the Discord.  

One last thing, NO HUMANS!!!

[PoWH3D]

This is actually why I joined cryptocurrency. The removal of centralisation. The idea that we could be the owners of our own money. I think crypto has lost its way a bit since big businesses have joined.

This is what I like to see, though. And why I'm in it

Thanks Raymond, that is what we are all about too, Decentralization.   

[PoWH3D]

2 Thousand ETH in Contract as of this moment!!!   

[Okkui]

This sounds really interesting. This thread made me finally create an account on this board, will check your website out 

[ramencoin]

I asked about your team because you label yourself as an exchange which means:

You must meet certain requirements to operate in the United States (whether or not your HQ is in the United States) your exchanges does not prohibit US citizens from participating. Do you have an SEC registration number for your securities if you are allowing US Citizens to trade on your exchange.

In your discord your "team" is accessible but we do not know who you are. Asking people to use your exchange without showing the identity of your team lacks transparency. What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?

These are not FUD questions, these are legitimate questions. Given the nature of MLM websites stealing funds from its users like Bitconnect, Falconcoin, Hextracoin, Davor and others, these are things you should transparently explain when advertising your exchange to potential investors.

Also, it seems based on your contract that your team has the ability to manipulate the value of P3D. If I am incorrect, please explain how the price of P3D is determined.

From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.

You have a nice project but calling yourself an exchange and allowing people to invest without adhering to SEC and other regional laws puts your platform and its investors at risk.

Who controls the smart contract? Is it multiple owners? Where are the funds stored that people use to buy into your pyramid investment. It's important to know these things.

The "Funds" are on the Ethereum Blockchain in the contract address, that is where they are stored.  There is no "Wallets", only THE contract address,  and the personal contract addresses of P3D token holders, of which they control the private keys. 

As you can see from the FAQ's above the rest of these questions you have asked are already answered for you, here it is again for you in case you missed it.


While it's possible to program rules into a smart contract to allow some editing. The only features the developers made editable are the name of the token and the price of the masternode feature.


The development team intentionally did not program in a way for them to access the Eth or tokens in this game. It is run entirely 100% autonomously by the code you can read open-source on the smart contract. No humans are allowed to or even able to intervene. Period.

People claim that no one owns the contract but the contract was deployed from the creator. Does the creator of the contract have the ability to withdraw all funds at once?

There is no claim that "no one owns the contract", obviously the Developers created it and therefore own it, however once it is deployed ownership does not come into play as there are rules within the contract to prevent any altering, or tampering/accessing funds.  Neither the Developers or anyone else can alter/change/manipulate the Smart Contract once it is deployed, it is immutable and entirely autonomous. 

Further to that, the Smart Contract and what is written into it is there for all to read, it is totally transparent so if you want someone who knows about coding to run over it feel free, there is nothing to hide, it is all out in the open.  Here is the link to the Smart Contract, click on the "Contract Source" to see the actual code.  https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code

Who is the team behind this project? Do you intend to be transparent given the fact you are technically an exchange operating in the United States?

Thanks for responding.

The team of Devs are on the Discord, if you want to speak to them personally feel free to drop by the channel and they will communicate directly with you.  And we are not operating in the United States, nor is that relevant.
 
The Token, the Exchange, and the Blockchain are all Decentralized, we are operating wherever you have an internet connection.   

Thank you for your questions. 

[JHB3]

I asked about your team because you label yourself as an exchange which means:

You must meet certain requirements to operate in the United States (whether or not your HQ is in the United States) your exchanges does not prohibit US citizens from participating. Do you have an SEC registration number for your securities if you are allowing US Citizens to trade on your exchange.

In your discord your "team" is accessible but we do not know who you are. Asking people to use your exchange without showing the identity of your team lacks transparency. What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?

These are not FUD questions, these are legitimate questions. Given the nature of MLM websites stealing funds from its users like Bitconnect, Falconcoin, Hextracoin, Davor and others, these are things you should transparently explain when advertising your exchange to potential investors.

Also, it seems based on your contract that your team has the ability to manipulate the value of P3D. If I am incorrect, please explain how the price of P3D is determined.

From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.

You have a nice project but calling yourself an exchange and allowing people to invest without adhering to SEC and other regional laws puts your platform and its investors at risk.

Who controls the smart contract? Is it multiple owners? Where are the funds stored that people use to buy into your pyramid investment. It's important to know these things.

The "Funds" are on the Ethereum Blockchain in the contract address, that is where they are stored.  There is no "Wallets", only THE contract address,  and the personal contract addresses of P3D token holders, of which they control the private keys. 

As you can see from the FAQ's above the rest of these questions you have asked are already answered for you, here it is again for you in case you missed it.


While it's possible to program rules into a smart contract to allow some editing. The only features the developers made editable are the name of the token and the price of the masternode feature.


The development team intentionally did not program in a way for them to access the Eth or tokens in this game. It is run entirely 100% autonomously by the code you can read open-source on the smart contract. No humans are allowed to or even able to intervene. Period.

People claim that no one owns the contract but the contract was deployed from the creator. Does the creator of the contract have the ability to withdraw all funds at once?

There is no claim that "no one owns the contract", obviously the Developers created it and therefore own it, however once it is deployed ownership does not come into play as there are rules within the contract to prevent any altering, or tampering/accessing funds.  Neither the Developers or anyone else can alter/change/manipulate the Smart Contract once it is deployed, it is immutable and entirely autonomous. 

Further to that, the Smart Contract and what is written into it is there for all to read, it is totally transparent so if you want someone who knows about coding to run over it feel free, there is nothing to hide, it is all out in the open.  Here is the link to the Smart Contract, click on the "Contract Source" to see the actual code.  https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#code

Who is the team behind this project? Do you intend to be transparent given the fact you are technically an exchange operating in the United States?

Thanks for responding.

The team of Devs are on the Discord, if you want to speak to them personally feel free to drop by the channel and they will communicate directly with you.  And we are not operating in the United States, nor is that relevant.
 
The Token, the Exchange, and the Blockchain are all Decentralized, we are operating wherever you have an internet connection.   

Thank you for your questions. 

Those are really reasonable things to bear in mind. Looking forward to a statement from PoWH3D about the concerns you listed. Will surely wait for that, before I buy in.

What was the starting price per token? now its 0.00688 ETH.

[Ziyi]

In your discord your "team" is accessible but we do not know who you are. Asking people to use your exchange without showing the identity of your team lacks transparency. What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?

It's not labeled as an exchange, the entire project is just the smart contract. An access point is provided in form of an exchange. You can also rehost the source code and operate the provided exchange locally, which I presume is not illegal in any sense. As last measure of access, you can always directly call the smart contract's functions via MEW or any other Ethereum access point. If you dont trust the website, do it manually via the other means of access. There are loads of guides on the discord.

The contract went under heavy auditing and been through two hackatons. There is no system to reimburse anyone. If this contracts get hacked, Vitalik probably has to fork the entire Ethereum network again since that hack will cover most ERC20 tokens.

Also, it seems based on your contract that your team has the ability to manipulate the value of P3D. If I am incorrect, please explain how the price of P3D is determined.

What was the starting price per token? now its 0.00688 ETH.

The contract has been deployed an operates fully autonomous, without the interference of any human. The value of the token was initially set to 0.0000001 ETH and with each token purchase/sell, the token price is incremented/decremented with 0.00000001 ETH. Again, this is guarenteed and regulated by the smart contract and the smart contract only. As of current, there is not 1 individual that holds more than 2% of the tokens. This has one of the best distribution curves I've seen.

From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.

PoWH is a simulation of a specific economical system. It's what Bitconnect should have been instead of what it was. By participating you're interested in the workings of this system and the possibility of earning ETH. You mentioned the word investors quite alot. This is not a investement, this is simulation of an economical system.

[PoWH3D]

I asked about your team because you label yourself as an exchange which means:

You must meet certain requirements to operate in the United States (whether or not your HQ is in the United States) your exchanges does not prohibit US citizens from participating. Do you have an SEC registration number for your securities if you are allowing US Citizens to trade on your exchange.

We do not answer to Uncle Sam, so the SEC can go fuck itself.  

In your discord your "team" is accessible but we do not know who you are. Asking people to use your exchange without showing the identity of your team lacks transparency.

No one is forcing you or anyone else to put their ETH into the Contract, if you do not like it, do not invest.  Quite simple.  

What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?

You do not really understand how smart contracts work from the sounds of it, perhaps go learn a little about them, again, for the third time, the contract CANNOT BE CHANGED OR ALTERED BY ANYONE INCLUDING THE DEVELOPERS.  

These are not FUD questions, these are legitimate questions. Given the nature of MLM websites stealing funds from its users like Bitconnect, Falconcoin, Hextracoin, Davor and others, these are things you should transparently explain when advertising your exchange to potential investors.

Every site you just mentioned is/was a lending platform, where the developers have access to your funds.
PoWH3D is NOT a lending platform and no one but YOU has access to your funds, this reverts back to my earlier point, please educate yourself with Smart Contracts.  

Also, it seems based on your contract that your team has the ability to manipulate the value of P3D. If I am incorrect, please explain how the price of P3D is determined.

From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.

Again NO ONE CAN manipulate the value, if people sell off/dump, they are penalized and the funds from that penalty is dispersed (automatically by the contract, not a human) amongst those who do not have weak hands.  

You have a nice project but calling yourself an exchange and allowing people to invest without adhering to SEC and other regional laws puts your platform and its investors at risk.

I think you are pissing on our leg and telling us it is raining by saying "You have a nice project", you do not like the project, you are only interested in what the SEC will or will not allow and you think that the Developers have access to the funds which they do not, you are incorrect on all points and it has been explained to you several times.  This is not an ICO, keep that in mind.  

So please either choose to invest, or go phone the SEC and report us and then go learn what the word Decentralization means and how it relates to Crypto.  

Even if the SEC were able to shutdown our site, which they cannot, users can still access their tokens buy/sell/reinvest using Metamask and Etherwallet, so maybe they should also be reported to the SEC?      

[stil55]

I read some information from your forum thread and after that i had some questions about the PoWH3D project, is it an economic game or just a smart contract for investment with the receipt of dividends from the invested investments? How much percent of the profit will i receive as dividends if i invest in your 1ETH project or does it depend on how many referrals are registered and makes investments for referral link?

[aleks263]

Great project, I invested a few ETH and already got dividends in ETH:

dont miss it out and check it here and you may join here:

https://powh.io/?masternode=0x493d0e6a0011d177aff6eb674deba6c009de43ec

Go go P3D to the MOOOOOON..... Grin

[PoWH3D]

I read some information from your forum thread and after that i had some questions about the PoWH3D project, is it an economic game or just a smart contract for investment with the receipt of dividends from the invested investments? How much percent of the profit will i receive as dividends if i invest in your 1ETH project or does it depend on how many referrals are registered and makes investments for referral link?

You could say it is both, it is a smart contract in ETH that pays on volume and depending on how many withdraw or deposit and the price of the P3D token adjusts accordingly.

We just had one person deposit 99 ETH so everyone who is currently in the contract received dividends from that one single deposit, with the amount relevant to the amount of P3D tokens you hold.   Now when anyone withdraws or deposits that person who deposited 99 ETH will receive large dividends from either action. 

So when someone joins you make money and when someone leaves and withdraws you make money, that is why it is called proof of weak hands the more you prove your hand is strong the more you stand to gain. 

ETH payments from referrals using the Masternode link are entirely separate and if someone signs up using your Masternode link you will receive a percentage of that, on top of your original percentage you would have received and you only need 5 P3D Tokens to run a Masternode and the system will auto-generate a link for you to share. 

Hope that helps.

[dooglus]

What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?

You do not really understand how smart contracts work from the sounds of it, perhaps go learn a little about them, again, for the third time, the contract CANNOT BE CHANGED OR ALTERED BY ANYONE INCLUDING THE DEVELOPERS.  

He's asking about what happens in the event that either the smart contract itself or your website are found to have exploitable vulnerabilities.

If the contract is vulnerable it's possible it could be drained by a hacker.

If the website is vulnerable it's possible it could be changed to redirect users to deposit to a different contract.

The fact that the contract cannot be changed is orthogonal to both of these concerns.

[PoWH3D]

He's asking about what happens in the event that either the smart contract itself or your website are found to have exploitable vulnerabilities.

If the contract is vulnerable it's possible it could be drained by a hacker.

If the website is vulnerable it's possible it could be changed to redirect users to deposit to a different contract.

The fact that the contract cannot be changed is orthogonal to both of these concerns.

Had to Google orthogonal.  

The contract is not vulnerable it is has been put through extensive robust penetration testing and it sits on the Etherium Blockchain so if that is hacked than many ERC20 contracts are in danger, it is not impossible but also not probable.

As far as the website being hacked, I can tell you that nearly every investor is visiting it several times a day and so are the devs, we would find out very quickly if the Website was hacked and if it was, we can pull the plug and there are redundancy plans for holders to access their funds as explained on page 1.    Further to that IF the website was hacked and someone was to invest, they could easily see our contract address and prior to sending on Metamask to ensure it is the correct contract.

You may or may not have noticed that the heading topic of this thread is updated several times a day to reflect the amount of ETH held in the contract so there is always a set of eyes on the website.   And we also have several of the creators and devs working non-stop (based in different parts of the World) on the actual website itself as the front page and interface is still a work in progress with new features to be added.  

Also, forgot to mention on our front page of the exchange there is a clickable link that shows the current contract balance and if clicked on takes you to the actual contract page so a user is able to verify themselves with ease.   https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe

Hope that clears up the previous posters concerns.  

And thanks for the new word.  

[bryanschererfrancois]

Just got in this is an amazing platform and concept. Wonder where it will be next year? 1million ETH?

[sncrypto1985]

This project is great. The community is super fun and friendly. The devs are constantly improving the site and ways to interact with the contract. Very talented group.

Don't miss your chance to be part of something new and fun. You might make a few bucks too.

https://powh.io

[JHB3]

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

[bobq]

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

[PoWH3D]

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  

[Calidude]

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
  With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4. 

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have. 

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is. 
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.   

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.   

 

I have been following this and I can see from the link you provided earlier that the top 100 holders make up 65% of the total amount of tokens. 

And you say that 2 ETH for Developers and 20 ETH for advisors, how do we know these advisors actually exist and are not the developers themselves?

If that were the case it means that the Developers own 65% of all tokens and are the main ones making any money compared to the other holders. 

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people and I noticed that on your rich list nearly all of those in the top 20 are selling tokens each day little by little (I have taken screen shots the last 3 days to compare them) so to me although I like the idea of the contract like you said and it cannot be changed the problem is that there is 65% of all owners possibly being 5 to 12 or so people. So for that reason I will pass.  Good luck with it but I cannot see it ending well because the top 20 is already starting to to syphon off money each 24 hours.     

[PoWH3D]

2,162 in contracts so far now.   

[raymondspeaks]

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
  With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4. 

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have. 

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is. 
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.   

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.   

 

I have been following this and I can see from the link you provided earlier that the top 100 holders make up 65% of the total amount of tokens. 

And you say that 2 ETH for Developers and 20 ETH for advisors, how do we know these advisors actually exist and are not the developers themselves?

If that were the case it means that the Developers own 65% of all tokens and are the main ones making any money compared to the other holders. 

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people and I noticed that on your rich list nearly all of those in the top 20 are selling tokens each day little by little (I have taken screen shots the last 3 days to compare them) so to me although I like the idea of the contract like you said and it cannot be changed the problem is that there is 65% of all owners possibly being 5 to 12 or so people. So for that reason I will pass.  Good luck with it but I cannot see it ending well because the top 20 is already starting to to syphon off money each 24 hours.     

You clearly don't understand the contract then my friend.

They may be siphoning off their tokens but let them do so - that's more eth in dividends for me!

If the top 50% sell immediately then I'll be a bloody Eth rich man. In fact - now that I think about it. Sell sell sell! lol

[dooglus]

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people

What difference does it make to you if 65% is in the hands of a single person or 100 different people? Either way you're late to the game and will be paying off the earlier players if you get in.

[DigitCoinZ]

Life can be a little stagnant and boring at times. Chess and other board games can be boring, too. Why not spice things up a bit and play the PoWH3D game and get paid while playing it!

[raymondspeaks]

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people

What difference does it make to you if 65% is in the hands of a single person or 100 different people? Either way you're late to the game and will be paying off the earlier players if you get in.

Isn't that the way every crypto ever invented works?

If people buy, then the price goes up. If people sell then the price goes down. It pays off early investors in the same way that Bitcoin did. Buy 10,000 bitcoin in 2010 -- be a millionaire now. Early investing works for everyone. Only if it's a good project mind you. I can think of a few coins that have tanked over the years.

[Ziyi]

Some interesting things that I have seen in the last couple of days:

- There is still not 1 address which has more than 3% of the tokens
- Price has been more stable than any other coin and keeps on rising steadily
- Whales are beginning to notice us. Our recent 99 ETH whale just got kicked from the #1 token holder spot
- Updates on the project will be released soon to incentivize more buying and selling
- Community is growing and more community programmers are interested in developing an ecosystem
- The average buy in range has increased from [0 - 1] up to [1 - 2] ETH

[Calidude]

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people

What difference does it make to you if 65% is in the hands of a single person or 100 different people? Either way you're late to the game and will be paying off the earlier players if you get in.

Not just paying off the earlier players my point is if I were to invest 1 Ether than I get around 130 tokens and from what I understand they take 20% from that, 10% when you join and 10% if you leave so unless you can invest a lot more you are going to lose out and the only real winners are those with large holdings.

Like you said if you get in now all you are doing is donating to the big  holders.  Fuck that. 

[Calidude]

If people buy, then the price goes up. If people sell then the price goes down. It pays off early investors in the same way that Bitcoin did. Buy 10,000 bitcoin in 2010 -- be a millionaire now. Early investing works for everyone. Only if it's a good project mind you. I can think of a few coins that have tanked over the years.

Your comparison is flawed because although early adopters of Bitcoin made a lot of money anyone new who purchases Bitcoin can decide to sell and not be penalized for selling it once they have made a small or large profit, and you do not lose 10% when buying Bitcoin.

This would have been a good thing if everyone was allowed to buy in at the same time as everyone else but now the only real winners are those who have big holdings.   And my personal belief is that the 20 advisors thing is bullshit and is really just a small group of people that own over 50% of the tokens.  It is the same thing as having a 30 to 50 percent premine.  And I am guessing  you are one of those people that's why you are promoting it so much.

[raymondspeaks]

If people buy, then the price goes up. If people sell then the price goes down. It pays off early investors in the same way that Bitcoin did. Buy 10,000 bitcoin in 2010 -- be a millionaire now. Early investing works for everyone. Only if it's a good project mind you. I can think of a few coins that have tanked over the years.

Your comparison is flawed because although early adopters of Bitcoin made a lot of money anyone new who purchases Bitcoin can decide to sell and not be penalized for selling it once they have made a small or large profit, and you do not lose 10% when buying Bitcoin.

This would have been a good thing if everyone was allowed to buy in at the same time as everyone else but now the only real winners are those who have big holdings.   And my personal belief is that the 20 advisors thing is bullshit and is really just a small group of people that own over 50% of the tokens.  It is the same thing as having a 30 to 50 percent premine.  And I am guessing  you are one of those people that's why you are promoting it so much.

Haha. So how do you actually propose that everyone is allowed to buy in at the same time? I got in early - no-one stopped me. That's like me not buying bitcoin in 2014 because I wasn't told about it in 2008 lol.

Nope. I only shoved in an Eth, which now sits at around just over 2 Eth.

I've actually watched it grow in worth over the last two weeks too. I joined when there was only a few hundred Eth in the bag. I can vouch that I haven't seen anyone shove in a three figured Eth sum yet (and all transactions are visible). Also take note that if a small group of people want to come in and buy up the tokens then it is their freedom to do so. It's their Ethereum. That's Decentralisation. I will say there's no larger than a singular 4% stake, though.

[Calidude]

If people buy, then the price goes up. If people sell then the price goes down. It pays off early investors in the same way that Bitcoin did. Buy 10,000 bitcoin in 2010 -- be a millionaire now. Early investing works for everyone. Only if it's a good project mind you. I can think of a few coins that have tanked over the years.

Your comparison is flawed because although early adopters of Bitcoin made a lot of money anyone new who purchases Bitcoin can decide to sell and not be penalized for selling it once they have made a small or large profit, and you do not lose 10% when buying Bitcoin.

This would have been a good thing if everyone was allowed to buy in at the same time as everyone else but now the only real winners are those who have big holdings.   And my personal belief is that the 20 advisors thing is bullshit and is really just a small group of people that own over 50% of the tokens.  It is the same thing as having a 30 to 50 percent premine.  And I am guessing  you are one of those people that's why you are promoting it so much.

Haha. So how do you actually propose that everyone is allowed to buy in at the same time? I got in early - no-one stopped me. That's like me not buying bitcoin in 2014 because I wasn't told about it in 2008 lol.

Nope. I only shoved in an Eth, which now sits at around just over 2 Eth.

I've actually watched it grow in worth over the last two weeks too. I joined when there was only a few hundred Eth in the bag. I can vouch that I haven't seen anyone shove in a three figured Eth sum yet (and all transactions are visible). Also take note that if a small group of people want to come in and buy up the tokens then it is their freedom to do so. It's their Ethereum. That's Decentralisation. I will say there's no larger than a singular 4% stake, though.

What proof is there that there is actually 20 advisors, I am calling scam on that one and what was the original price at the beginning of the contract? 

Looking at the first transactions of it there were lots of buys on the very first day so that is equivalent to a massive premine now they are earning from every new investor and slowly dumping.  The only real winners in this are the guys that created it and their friends and those who invested in the first few days, anything now it is really not worth investing. 

I am happy you are making money but it is really not any value for any new investors unless they have enough to be in the top 50 or so because the fact you will lose 20% on entry and exit and the low returns based on volume only means for a small investor like myself it is simply not worth it.  The contact idea is a great idea but they should have made it public and set a buy in limit at the beginning rather than buying the majority of tokens for themselves, the creators are laughing all the way to the bank.

[concorde899]

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people

What difference does it make to you if 65% is in the hands of a single person or 100 different people? Either way you're late to the game and will be paying off the earlier players if you get in.

What difference is to you if you are early or late. You will pay 10% when you come in. Does it matter if you pay that to 3 people or to 1000?
Everybody pays when buying/selling/transferring tokens.
I am also syphoning every day by taking the divs directly into my ETH address. I was not very early on this.
If the devs put 25 eth each into this means that they trust the project and they want to make money being very early into the project (their own).
Everybody wanted to receive a personal email from the dev asking them to invest, I am sure of that.

You now know about the project, do your DD and ask away if you still have questions. Early, Late..it is the same thing as long as Volume exists.

What is the problem if 50%-60-70% of the tokens are held by one address only. Anyone can buy for 2000 ETH now and own that 50%...there is no max supply of the token. Buying mints tokens, selling burns them. It is simple math. USE IT!

[EthereumGhost]

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  

so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?

Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  

I have been following this and I can see from the link you provided earlier that the top 100 holders make up 65% of the total amount of tokens.  

And you say that 2 ETH for Developers and 20 ETH for advisors, how do we know these advisors actually exist and are not the developers themselves?

If that were the case it means that the Developers own 65% of all tokens and are the main ones making any money compared to the other holders.  

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people and I noticed that on your rich list nearly all of those in the top 20 are selling tokens each day little by little (I have taken screen shots the last 3 days to compare them) so to me although I like the idea of the contract like you said and it cannot be changed the problem is that there is 65% of all owners possibly being 5 to 12 or so people. So for that reason I will pass.  Good luck with it but I cannot see it ending well because the top 20 is already starting to to syphon off money each 24 hours.    

Just fyi... when you posted this there was approx. 2100 Eth in the contract, with a buy price of 0.007046/P3D and a sell price of 0.005765/P3D. Right now, less than 48 hrs later, there is 2537 Eth in the contract, with a buy price of 0.007737/P3D and a sell price of 0.006331/P3D.

So if you'd thrown 1 Eth in then, you'd be around 1/2 way to break even now (if you include the divs you would have received). Obviously if you think the volume is going to stall or decrease, it's risky because the sell price will go down. Bear in mind though that if there is a big sell off, you'll be receiving divs from that as well, and the more people who sell, your percentage of the coins will increase and the more divs you'll receive. Volatility isn't necessarily a bad thing in this game, it can be profitable. Thus why you'll often see folks in the Discord actively encouraging people to SELL SELL SELL. However, if you think this game has some legs, if you think the balance is going to increase to 3k, 4k, 5k+, then it's a pretty safe bet that you'll earn a nice return on your 1 Eth.

But of course there are no guarantees. It's a game. It's a gamble. Play it for the fun of it, and if this doesn't seem fun to you, then you're right to pass.

[PoWH3D]

What proof is there that there is actually 20 advisors, I am calling scam on that one and what was the original price at the beginning of the contract? 

Looking at the first transactions of it there were lots of buys on the very first day so that is equivalent to a massive premine now they are earning from every new investor and slowly dumping.  The only real winners in this are the guys that created it and their friends and those who invested in the first few days, anything now it is really not worth investing. 

I am happy you are making money but it is really not any value for any new investors unless they have enough to be in the top 50 or so because the fact you will lose 20% on entry and exit and the low returns based on volume only means for a small investor like myself it is simply not worth it.  The contact idea is a great idea but they should have made it public and set a buy in limit at the beginning rather than buying the majority of tokens for themselves, the creators are laughing all the way to the bank.

The price at the commencement of contract was  0.0000001 Ether.

So the price is determined by volume if people keep investing it will continue to rise but if they sell it will drop, like any other market. 

There is no guarantee of ROI like all other Crypto projects. 

[bobq]

The contact idea is a great idea but they should have made it public and set a buy in limit at the beginning rather than buying the majority of tokens for themselves, the creators are laughing all the way to the bank.

I find this being the main problem with this game. Most of the cheapest tokens have been bought in closed circles (just as a premine) long before the publishing of this ANN. There would be nothing bad in that, would it have done in a more transparent way, and, possibly, also in a more fair way. The fact that these early investors (the devs?) are now slowly selling would prove that they don't really believe in the long term success of the project but they are eager to cash out something as soon as possible. In other words: the game is quite brilliantly thought, but not properly managed.

[raymondspeaks]

The contact idea is a great idea but they should have made it public and set a buy in limit at the beginning rather than buying the majority of tokens for themselves, the creators are laughing all the way to the bank.

I find this being the main problem with this game. Most of the cheapest tokens have been bought in closed circles (just as a premine) long before the publishing of this ANN. There would be nothing bad in that, would it have done in a more transparent way, and, possibly, also in a more fair way. The fact that these early investors (the devs?) are now slowly selling would prove that they don't really believe in the long term success of the project but they are eager to cash out something as soon as possible. In other words: the game is quite brilliantly thought, but not properly managed.

Hey mate - there were no closed circles. I came in through a YouTuber promoting it. They had the community busy shilling their coin so they could get much needed work done on their smart contract.

If you put in a mere Eth now, at the price it is per coin now (0.0077 Eth) - think of what it can be worth in say 3 months time? I don't make much divs, it's the price I'm interested in.

[Ziyi]

Not just paying off the earlier players my point is if I were to invest 1 Ether than I get around 130 tokens and from what I understand they take 20% from that, 10% when you join and 10% if you leave so unless you can invest a lot more you are going to lose out and the only real winners are those with large holdings.

Like you said if you get in now all you are doing is donating to the big  holders.  Fuck that.  

The initial 10% is already calculated in your 130 tokens upon purchase. The large holders do indeed profit the most but not because of the system is skewed that way, but because understand and take the risk of their large holdings for the largest share of the pie.

So if you assume that buying now is donating to big holders/early investors? What the hell are you doing in crypto anyways? That statement is true for ALL cryptocurrencies, BTC, ETH or any other Alt. Buying BTC now is just paying those who bought in 2010. Does that deter you from purchasing BTC, I don't think so.

You also assume that the top x amount of addresses P3D is in hands of the the developers/whales but how do you know?

You don't, you just assume.

Do you know that the top x amount of addresses of any other top 100 coin is in the hands of developers/whales? You don't, you just assume.

But I can tell you that those holdings are waaaayyy more skewed that P3D's since P3D has actually been transparent in their actions to gain trust of the community.

Stop this blind favoritism of other coins and build up your statements with facts.

[raymondspeaks]

Not just paying off the earlier players my point is if I were to invest 1 Ether than I get around 130 tokens and from what I understand they take 20% from that, 10% when you join and 10% if you leave so unless you can invest a lot more you are going to lose out and the only real winners are those with large holdings.

Like you said if you get in now all you are doing is donating to the big  holders.  Fuck that.  

The initial 10% is already calculated in your 130 tokens upon purchase. The large holders do indeed profit the most but not because of the system is skewed that way, but because understand and take the risk of their large holdings for the largest share of the pie.

So if you assume that buying now is donating to big holders/early investors? What the hell are you doing in crypto anyways? That statement is true for ALL cryptocurrencies, BTC, ETH or any other Alt. Buying BTC now is just paying those who bought in 2010. Does that deter you from purchasing BTC, I don't think so.

You also assume that the top x amount of addresses P3D is in hands of the the developers/whales but how do you know?

You don't, you just assume.

Do you know that the top x amount of addresses of any other top 100 coin is in the hands of developers/whales? You don't, you just assume.

But I can tell you that those holdings are waaaayyy more skewed that P3D's since P3D has actually been transparent in their actions to gain trust of the community.

Stop this blind favoritism of other coins and build up your statements with facts.

Pretty much what I've been saying. Wish I could give you a thumbs up

[Calidude]

Not just paying off the earlier players my point is if I were to invest 1 Ether than I get around 130 tokens and from what I understand they take 20% from that, 10% when you join and 10% if you leave so unless you can invest a lot more you are going to lose out and the only real winners are those with large holdings.

Like you said if you get in now all you are doing is donating to the big  holders.  Fuck that.  

The initial 10% is already calculated in your 130 tokens upon purchase. The large holders do indeed profit the most but not because of the system is skewed that way, but because understand and take the risk of their large holdings for the largest share of the pie.

So if you assume that buying now is donating to big holders/early investors? What the hell are you doing in crypto anyways? That statement is true for ALL cryptocurrencies, BTC, ETH or any other Alt. Buying BTC now is just paying those who bought in 2010. Does that deter you from purchasing BTC, I don't think so.

You also assume that the top x amount of addresses P3D is in hands of the the developers/whales but how do you know?

You don't, you just assume.

Do you know that the top x amount of addresses of any other top 100 coin is in the hands of developers/whales? You don't, you just assume.

But I can tell you that those holdings are waaaayyy more skewed that P3D's since P3D has actually been transparent in their actions to gain trust of the community.

Stop this blind favoritism of other coins and build up your statements with facts.

How about you build up your statements with facts you do not know who owns what yourself.

And it is not blind favouritism of other coins, what a dumb comment. 

I actually like this idea but I think it is too late to invest to make any money now, especially now that there are so little coins for 1 ETH, anyway, I wish you well that got in early.

Will not be back to put shit on this thread, as I said I like the concept but the boat has already sailed. 

[bobq]

The contact idea is a great idea but they should have made it public and set a buy in limit at the beginning rather than buying the majority of tokens for themselves, the creators are laughing all the way to the bank.

I find this being the main problem with this game. Most of the cheapest tokens have been bought in closed circles (just as a premine) long before the publishing of this ANN. There would be nothing bad in that, would it have done in a more transparent way, and, possibly, also in a more fair way. The fact that these early investors (the devs?) are now slowly selling would prove that they don't really believe in the long term success of the project but they are eager to cash out something as soon as possible. In other words: the game is quite brilliantly thought, but not properly managed.

Hey mate - there were no closed circles. I came in through a YouTuber promoting it. They had the community busy shilling their coin so they could get much needed work done on their smart contract.

If you put in a mere Eth now, at the price it is per coin now (0.0077 Eth) - think of what it can be worth in say 3 months time? I don't make much divs, it's the price I'm interested in.

No close circles, huh? I understand it has been running for quite some time now, one month or so, but this ANN thread was created only 3 days ago. Why would you hide the project from the community for so long? Why would you suddenly make the ANN now, if you forgot to do it for one month? Why would early inverstors already sell on the newcomers? I guess you probably must be an alt of the devs. A pity you could not apply a good idea in a fair way.

[raymondspeaks]

The contact idea is a great idea but they should have made it public and set a buy in limit at the beginning rather than buying the majority of tokens for themselves, the creators are laughing all the way to the bank.

I find this being the main problem with this game. Most of the cheapest tokens have been bought in closed circles (just as a premine) long before the publishing of this ANN. There would be nothing bad in that, would it have done in a more transparent way, and, possibly, also in a more fair way. The fact that these early investors (the devs?) are now slowly selling would prove that they don't really believe in the long term success of the project but they are eager to cash out something as soon as possible. In other words: the game is quite brilliantly thought, but not properly managed.

Hey mate - there were no closed circles. I came in through a YouTuber promoting it. They had the community busy shilling their coin so they could get much needed work done on their smart contract.

If you put in a mere Eth now, at the price it is per coin now (0.0077 Eth) - think of what it can be worth in say 3 months time? I don't make much divs, it's the price I'm interested in.

No close circles, huh? I understand it has been running for quite some time now, one month or so, but this ANN thread was created only 3 days ago. Why would you hide the project from the community for so long? Why would you suddenly make the ANN now, if you forgot to do it for one month? Why would early inverstors already sell on the newcomers? I guess you probably must be an alt of the devs. A pity you could not apply a good idea in a fair way.

As you've been discussing this with me the contract is now 0.00793. So we've gained a few fractions, and I'm up again.

But, y'know, crypto isn't for the faint of heart. You'd probably be better staying as you are

[EthereumGhost]

The contact idea is a great idea but they should have made it public and set a buy in limit at the beginning rather than buying the majority of tokens for themselves, the creators are laughing all the way to the bank.

I find this being the main problem with this game. Most of the cheapest tokens have been bought in closed circles (just as a premine) long before the publishing of this ANN. There would be nothing bad in that, would it have done in a more transparent way, and, possibly, also in a more fair way. The fact that these early investors (the devs?) are now slowly selling would prove that they don't really believe in the long term success of the project but they are eager to cash out something as soon as possible. In other words: the game is quite brilliantly thought, but not properly managed.

Hey mate - there were no closed circles. I came in through a YouTuber promoting it. They had the community busy shilling their coin so they could get much needed work done on their smart contract.

If you put in a mere Eth now, at the price it is per coin now (0.0077 Eth) - think of what it can be worth in say 3 months time? I don't make much divs, it's the price I'm interested in.

No close circles, huh? I understand it has been running for quite some time now, one month or so, but this ANN thread was created only 3 days ago. Why would you hide the project from the community for so long? Why would you suddenly make the ANN now, if you forgot to do it for one month? Why would early inverstors already sell on the newcomers? I guess you probably must be an alt of the devs. A pity you could not apply a good idea in a fair way.

I can't speak as to why it didn't occur to the devs to create the ANN until a few days ago. But it's good to keep in mind that this project originated in 4chan as a joke and it's still steeped in jokes and memes. The devs likely have little to no experience doing anything like this - it's new territory for them and they're learning as they go. They definitely haven't been hiding the project, it's made it to the front page of r/cc at least twice that I know of, and they've been completely transparent about every step of the project (including the early buy ins) in their Discord.

The two main devs haven't sold their tokens, and one of them claims they don't intend to ever sell, they're in it for the long-term dividends. If some of the ambassadors have sold, I don't see how that's a bad thing, it just means a larger percentage of the tokens are held by the general community instead of the early investors. The biggest token holders bought into their positions just in the past week.

I understand your concerns, but I don't think there's been any serious mismanagement of how the game has been deployed. Has it been a little haphazard? Undeniably, and the lateness of the ANN points to that fact. But that doesn't take away from the cleverness of the game, which is running successfully, and because it's decentralized will continue to run so long as people are interested in playing.

[PoWH3D]

We are continuing to grow and the contract nearly at 2,800 ETH, so much negativity here locking this thread, we didn't need it to get where we are so can go on without it just fine.  Thank You to everyone who contributed with positive comments.