POSH was created to encourage the sharing of posts published on Hive on other social platforms such as Twitter and Reddit, rewarding user activity with $POSH tokens. Most of the tokens earned by users were sold, thinking they were a bit rubbish like most reward tokens created.
Initially I thought so too, but then knowing a little about , one of the major promoters of Hive, as well as founder of
, I understood that things could have been different, which is why I bought so many $POSH when the value was much lower than today, waiting to also obtain some benefits. With over $POSH 10,000 in my wallet, I am among the top holders and the benefits have been rolling in lately.
$ZING is the first project that rewards $POSH holders and the airdrop, although limited in time, is rewarding my investment, in addition to the increase in the value of POSH. I currently receive about $550 ZING per day, approximately $2.75, without any additional effort or financial commitment.
What will happen after the airdrop ends for POSH holders?
As already anticipated by himself, the airdrop for POSH poses will end in about 3 months (unless further changes). In addition to the benefit already obtained, someone might think that it could be the right time to sell POSH, now useless... Bad idea in my humble opinion. Acidyo's confirmation of a further project and the related airdrop could take place over the next year, certainly at the end of the ZING airdrop. Nothing has been revealed about Project
What I also want to focus on is the total supply, established at a maximum of 1 million tokens and today almost 3/4 of them have been minted. The large amount of PoSH is held by who has been consistently buying back from the market and is now the largest shareholder, awaiting projects that may require POSH or more. A good portion is in the
account, so supply is down to around 900,000 POSH and more may be added in the coming months.
POSH will continue to be an active project in the future, something to consider for those looking to diversify into Hive.