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Question: What if you can mining coin without doing anything  (Voting closed: July 14, 2020, 08:23:40 PM)
I am with this project - 0 (0%)
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Need to know more - 6 (60%)
Total Voters: 10

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Author Topic: New project with new mining system  (Read 231 times)
Samgaga
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July 09, 2020, 08:23:40 PM
 #1

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin , cuz POW have more cost  , POS have low icome so what about geting token on your wallet and get coin everyday
So is this projet good
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July 10, 2020, 02:28:17 AM
Merited by OgNasty (2), bitmover (1), Coyster (1)
 #2

When you say "Tokens", these are cryptocurrencies that do not have their own blockchain. They run on top of another blockchain (i.e. Huobi Token running on Ethereum blockchain). Tokens are also not mineable whether through POW or POS algorithm.

This "Token POS" that you are talking about where users get rewarded for holding tokens in their wallet isn't something new. Many projects are already implementing this but they simply call it "Holders Reward Program" or something that is similar. It's not a new mining system.

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July 10, 2020, 03:47:30 AM
 #3

When you say "Tokens", these are cryptocurrencies that do not have their own blockchain. They run on top of another blockchain (i.e. Huobi Token running on Ethereum blockchain). Tokens are also not mineable whether through POW or POS algorithm.

This "Token POS" that you are talking about where users get rewarded for holding tokens in their wallet isn't something new. Many projects are already implementing this but they simply call it "Holders Reward Program" or something that is similar. It's not a new mining system.

Exactly.

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin , cuz POW have more cost  , POS have low icome so what about geting token on your wallet and get coin everyday
So is this projet good

Not good at all. You cannot create money out of nothing.

POS isn't like receiving free money. PoS means Proof of Stake. You get rewards for staking your coins to validate blocks, which is a service provided. If you stake your coins in a block which contains invalid transactions you will lose your coins. You put your coins at stake. This is why it could work (no big project implemented so far)

You can read more about POS here in official Ethereum Casper FAQ https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

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July 11, 2020, 08:16:29 PM
 #4

When you say "Tokens", these are cryptocurrencies that do not have their own blockchain. They run on top of another blockchain (i.e. Huobi Token running on Ethereum blockchain). Tokens are also not mineable whether through POW or POS algorithm.

This "Token POS" that you are talking about where users get rewarded for holding tokens in their wallet isn't something new. Many projects are already implementing this but they simply call it "Holders Reward Program" or something that is similar. It
I will tell you how , it just like  Eth network open source, this means the ability to create a token in this currency network, and whenever you store a token you get more tokens that can be automatic converted into coin in web
I know the foundations of POS and it is not new, but the goal of this system is to share the profit, all previous currency projects are interested in a part of society, but the new idea is to exchange messages, files and funds without the need to register on a site or link social media accounts, but rather communicate with the address of Your wallet ( without website we use website to stacking ) I cannot explain the basics of currency work, but I want to tell you that I have 4 years in the world of crypto and I am also a graduate of an economics college so i now POS is prof of stack and POW is prof of work  i just mean it's like POS but bass on token stack
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July 11, 2020, 08:24:29 PM
 #5

Maybe it is new for you because you just find it now, but this kind of crypto already exist for several years. To be exact they call it "staking" there are so many coins that offer this kind of feature like cosmos (ATOM), etc. Even exchanges are offering this kind of service like Binance they are giving some rewards to their coin/token holders, but only available on selected coins/tokens.
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July 11, 2020, 08:31:12 PM
 #6

Maybe it is new for you because you just find it now, but this kind of crypto already exist for several years. To be exact they call it "staking" there are so many coins that offer this kind of feature like cosmos (ATOM), etc. Even exchanges are offering this kind of service like Binance they are giving some rewards to their coin/token holders, but only available on selected coins/tokens.
They give coin for staking coin or token for staking token but what about coin for staking token  this can make u part of coin and rise token price
I hate project that sell token for nothing
Looper_U
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July 11, 2020, 09:05:38 PM
 #7

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin , cuz POW have more cost  , POS have low icome so what about geting token on your wallet and get coin everyday
So is this projet good
If all what the new project got is mining ability it will fail in just few weeks, it's not about POS or POW anymore now, to build a successful project there must be a use case that will be useful for people and investors and again you need to know the difference between tokens and coin

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July 11, 2020, 10:31:54 PM
 #8

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin , cuz POW have more cost  , POS have low icome so what about geting token on your wallet and get coin everyday
So is this projet good

Now all projects try to implement POS in a convenient way. unlike prisoners of war, you don't need to buy equipment and be afraid that it will break, you just buy coins and everything and at any time you can sell them, and the equipment will be difficult sell. POS is much more convenient and attracts people. I think the project will have some success.

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July 11, 2020, 11:12:56 PM
 #9

Maybe it is new for you because you just find it now, but this kind of crypto already exist for several years. To be exact they call it "staking" there are so many coins that offer this kind of feature like cosmos (ATOM), etc. Even exchanges are offering this kind of service like Binance they are giving some rewards to their coin/token holders, but only available on selected coins/tokens.
They give coin for staking coin or token for staking token but what about coin for staking token  this can make u part of coin and rise token price
I hate project that sell token for nothing
Why don't you just buy the POS coins that still exist in the market? there were so many trusted coins outta here. Each company will; never try to use more than 1 kind of coin or token to avoid the confusion that will be faced by the investors. If they can just buy the token and staking it and why they need to create a new mechanism that much more complicated than it??

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July 11, 2020, 11:34:08 PM
 #10

Mining is a process of securing the blockchain, making the transaction happen. Mining is not just a gimmick to reward users like the way pi network works. POW and POS makes the blockchain run and as state tokens operate within the blockchain of another coin.
Getting more coins for holding coins is staking and it's not something new. Staking itself doesn't replace POS or POW.


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July 12, 2020, 03:00:21 AM
 #11

........
I will tell you how , it just like  Eth network open source, this means the ability to create a token in this currency network, and whenever you store a token you get more tokens that can be automatic converted into coin in web
I know the foundations of POS and it is not new, but the goal of this system is to share the profit, all previous currency projects are interested in a part of society, but the new idea is to exchange messages, files and funds without the need to register on a site or link social media accounts, but rather communicate with the address of Your wallet ( without website we use website to stacking ) I cannot explain the basics of currency work, but I want to tell you that I have 4 years in the world of crypto and I am also a graduate of an economics college so i now POS is prof of stack and POW is prof of work  i just mean it's like POS but bass on token stack

.......
They give coin for staking coin or token for staking token but what about coin for staking token  this can make u part of coin and rise token price
I hate project that sell token for nothing
Token that will be automatically converted into coin?
Staking coin and then getting rewarded with token?

Tell you what, why don't you publish your whitepaper or a litepaper instead and post it here after you're done? That should be a piece of cake because you have 4 years of crypto experience and a graduate of economics right? Maybe you can also improve your writing or hire someone else to write it for you.

Kupid002
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July 12, 2020, 09:06:45 AM
 #12

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin , cuz POW have more cost  , POS have low icome so what about geting token on your wallet and get coin everyday
So is this projet good

Not a good idea for me, adding the supply of tokens will reduce its price I've seen many pos stragle in this idea They cannot balance the price and increase of the supply and this will also be the reason why it will fall.

Unless you have a plan to make the coins price stable which is harder and you need a lot of fund to do this. If you are just giving free coins as return to your investors it will not work that way.

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July 12, 2020, 10:00:16 AM
 #13

They give coin for staking coin or token for staking token but what about coin for staking token  this can make u part of coin and rise token price
I hate project that sell token for nothing
Coin staking is totally different from token staking. It means you need to connect that coin on his own blockchain wallet to gain some profits, while those tokens staking are only holding in your wallet. I hope you read the first comment on your thread he explained clearly that token only using other's blockchain and it does not require you to do something but for coin, they have different protocol to follow in order to stake. You gonna use a certain platform that connects your wallet balancr to that set up.

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July 12, 2020, 10:51:15 AM
 #14

Token POS has been for years and are dependent because they depend on a blockchain to be able to operate. There's no mining activity going here as it has been created already.
I wouldn't invest in a token that wants to claim to be the first to have this feature. Just an opinion.

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Tytanowy Janusz
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July 12, 2020, 10:59:20 AM
 #15

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin

That's POS.

If someone is interested in new mining system than I would like to present IDENA - https://www.coingecko.com/en/coins/idena. It's first Proof of Person coin. NO KYC, NO sensitive data share, you pass touring test you are free to mine. There are 2500 unique nodes currently. 1 node 1 person 1 vote what makes it the most decentralized coin and still <$2M marketcap.


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July 12, 2020, 08:21:08 PM
 #16

Maybe it is new for you because you just find it now, but this kind of crypto already exist for several years. To be exact they call it "staking" there are so many coins that offer this kind of feature like cosmos (ATOM), etc. Even exchanges are offering this kind of service like Binance they are giving some rewards to their coin/token holders, but only available on selected coins/tokens.
They give coin for staking coin or token for staking token but what about coin for staking token  this can make u part of coin and rise token price
I hate project that sell token for nothing
Why don't you just buy the POS coins that still exist in the market? there were so many trusted coins outta here. Each company will; never try to use more than 1 kind of coin or token to avoid the confusion that will be faced by the investors. If they can just buy the token and staking it and why they need to create a new mechanism that much more complicated than it??

All projects that use Pos aim to raise the value of the currency by withdrawing it from the market, but our project will raise the price of the currency without the need for POS The goal of the new system is to raise the price of the token and give options to the investor (selling the token or taking profits from it)
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July 13, 2020, 03:45:55 AM
Last edit: July 13, 2020, 06:41:14 AM by Akiko
 #17


All projects that use Pos aim to raise the value of the currency by withdrawing it from the market, but our project will raise the price of the currency without the need for POS The goal of the new system is to raise the price of the token and give options to the investor (selling the token or taking profits from it)


How will you raise the price how will you a sure this things to investors?. Without a plan I don't think it will work , I also invested in many pos before and give only a good return in short time but in long run you will also feel the lost of it and that's why i can say its not good as what you think it is. Only the top crypto currency like dash can sustain  the increase of supply. It's easy to say it will increase but it hard to happen when you are in the real market. all of the token holders will surely sell all the interest they earn every time they receive it in their wallet . Then how do you think you can hold it in that price?

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July 13, 2020, 04:19:55 AM
 #18

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin , cuz POW have more cost  , POS have low icome so what about geting token on your wallet and get coin everyday
So is this projet good

All of us depend on the pattern of election, if we are truly proficient and have enough resources why not and at the end of the story profit or loss may be just that in my opinion.

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July 13, 2020, 10:00:18 AM
 #19

We all know the mining system POW or POS , but what about "Token POS" it's mean the more you have token , the more you get coin , cuz POW have more cost  , POS have low icome so what about geting token on your wallet and get coin everyday
So is this projet good
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