INTRODUCTION TO POSTOKEN
PoSToken has been named so after the Proof-of-Stake standard that it aims to define for ERC-20 tokens. Ethereum is an ERC-20 token. It is being distributed through an airdrop of which 2 rounds have already been completed and the 3rd round is ongoing which started on October 16th, 2017 and will last till October 29th, 2017.
If you are a regular on Steemit, then you would aready have joined in by now. If not, then you should definitely check out the following link. To sign up for the airdrop, There are a few things you will need:
Profile on www.bitcointalk.org:
the BitCointalk forum is an iconic place where
The first time that you make the account, you will get an account with the "newbie" status. The good thing about this airdrop is that you can join as a newbie too.
ERC-20 Wallet Address:
The next thing you need is an ethereum address. You simply follow the steps on www.myetherwallet.com . On the first tab, choose the New Wallet option and generate a public address. Keep the private address hidden and safe.
Go to POSTOKEN Website:
Follow the link and register for the airdrop by filling up a simple form. After that, just ensure that you make one minimum post at BCT per day. Just explore and post wherever you want. Just to be safe, you can make sure that you also post in the ANN thread for POSTOKEN.
Make sure not to make insubstantial posts like joined. thanks, great project etc. etc, as that can now potentially earn you a ban as has been pointed out by a moderator a while ago. Here's the link to the announcement:
https://bitcointalk.org/index.php?topic=2284373.0
After you register, you get a nice dashboard to follow your tokens and guidelines regarding participation in bounty programs. You can write articles or use your referral link to get other peopl registered.
MINING
The really exciting thing about POSToken is that only I million of the total 10 million are being distributed to start. The rest shall be generated by staking over a period of 15 years. Its anybody's guess what the picture will be in that time but This, Right Now is the time to take the chance and be a part of that picture in your own small way.
The low initial supply ensures that people have incentive to keep their tokens in their wallets rather than dump them in the market. The PoSToken standard can be used to issue more such PoS tokens.
Use of PoS allows you to generate more coins by simply holding the coins. In the future as more infrastructure develops around it and there is more interest in the project, the value of your tokens also rises. It demands almost nothing of you except acquainting yourself with the system and exploring it.
So go on and join the airdrop. Maybe This will be your start in the labyrinth. Here are a few links:
While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the cheetah bot..
Some things that can be considered spam:
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Can I please know if this was due to the referral link?
The rest of the links were really just generic links from the website itself. This was about a crypto airdrop going on that I don't think is a scam (because of the low pre-mine).
It would be really great if I can get some feedback on this.. Thanks..
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