One day a friend sent me a referral link to receive some new Ethereum ERC-20 tokens. Not something I usually do, but he said he had received over 90,000 coins for taking part in this promotion for an up and coming ERC-20 Token called POW.
I figured what the hell, I’ll give it a try, The Dood loves free coins. I signed up using my twitter and sure enough, I received a little over 87,000 tokens. That’s pretty cool.
There’s not a lot of information on the site about the token offering. It is free, they haven’t asked ,me for any BTC or money and I get the impression they want the token to be used as a social networking token for sites like Facebook and Twitter.
According to the website, you receive POW ‘lite’ tokens for your referral, then in December the ‘lite’ tokens will be converted to ERC-20 and available for transfer sometime in December. Below info taken from faq :
Can I sell POW ‘lite’ for cash?
Not yet. But our plan is to build a ‘bridge’ between POW ‘lite’ and POW ERC20 by December 2017. This bridge will allow you to transfer your POW ‘lite’ onto the Ethereum Blockchain where it will becom POW ERC20. You will then be free to sell your POW ERC20 for cash. So, in the long term, the answer to your question is yes.
So this looks pretty interesting. I’m really looking forward to see what comes of this and what this token offering is planning. Apparently the amount of tokens each new person that signs up receives is reduced. Current sign ups are receiving around 40,000 tokens.
I talked to someone on twitter who said he signed up on the second day
and received over a million tokens.
If you’re like me and you like free coins feel free to use my referral link. I think this is a really interesting concept for an “air drop” and I’m really looking forward to seeing how this plays out. https://powtoken.com/index.php?ref=POW53039