everyone thought that lending platforms are dead, and don`t get me wrong, they are....
but something new has come out recently which is taking the ethereum blockchain by storm.
Proof of Weak Hands (POWH) is a smart contract on the ethereum blockchain
every time a purchase or sale is made, 10% of the transaction cost is distributed to all token holders as dividends.
Since buying and selling these coins only occurs through the smart contract, the price does no fluctuate based on hype/fud necessarily. the price is dictated by the smart contract based on how much ETH is in the contract (based on this formula/graph: https://www.desmos.com/calculator/3to9cfug6r )
and considering coinholders earn 10% off of every transaction, the value of my coins could in theory drop to almost nothing if everyone else sold, but i would bank HUGE off of the dividends from everyone selling.
As of 17 hours ago my portfolio was worth 0.4 ETH
right now it's worth 0.48
take this info with a grain of salt, dyor. maybe im missing something, but this looks like something you all might wanna take a look at!
would appreciate if you used my link, but either way, thanks for reading!
https://powh.io/?masternode=0x1657f9c470e1a25d906885cbf7d60052264e1a01