PoSToken is the world's first Proof-of-Stake smart contract token on Ethereum platform,It's based on the ERC20 Token Standard and implements all standard methods. Bitcoin is the first peer-to-peer crypto currency and is also the first crypto currency to use Proof-of-Work algorithm. Soon after, Peercoin was created in 2012 and is the first implementation of Proof-of-Stake algorithm. PoSToken first implements the Proof-of-Stake mechanism, meaning that holders of PoSToken can earn some extra tokens just by holding PosToken for a period of time, greater than or equal to The Minimum Coin Age. It works the same way as Peercoin and any other coin with Proof-of-Stake algorithm do.
The idea behind PoSToken is not only to issue a simple Ethereum Token with Proof-of-Stake mechanism but also to define a brand new Token Standard for Proof-of-Stake tokens. A interface including some standard functions was defined in the code of PoSToken, we call it PoSTokenStandard, which is like the ERC20 standard. A series of services and applications that use PoSTokenStandard will be created in the near future. This future of Proof-of-Stake tokens starts here and we believe that a new era of Crypto Tokens is coming.
specification is as follows:
Initial supply: 1million
Max Supply : 10million
Token name:POSTOKEN
Symbol: POS
Decimal: 18
Standard: ERC20 & PoSTokenStandard
Platform: Ethereum
Minimum Coin Age : 3days
Maximum Coin Age: 90days
MAX TOTAL SUPPLY
The Max Total Supply of PoSToken is set to 10 Million, but we just created 1 Million POS as the
Initial Supply. The Max Total Supply will only be reached in about 15 years or a little longer at
the set PoS interest rate. Once 10 Million is reached, no more PoSToken will be generated via
PoS
After the contract deployed, only 1Million POS, 10% of the Max Total Supply, will be created as the Initial Supply.
· Development: 100K
· Marketing: 50K
· Bounties: 50K
· Free Airdrop: 800K
800K POS will be distributed to the community through free airdrop
PoS Token Creation Service Q3/2017
Multi-PoS-Token Wallet Q3/2017
PoS Token Block Explorer Q4/2017
PoS Token Decentralized Exchange Q1/2018
PoS Mining Pool Q2/2018
for more information
website: https://postoken.org/
whitepaper: file:///C:/Users/USER/Documents/whitepaper%20blockchain%20io%20airdrop.pdf
Twitter: https://twitter.com/PoSToken
Author by Samken
Altcoinstalk username: samlogan445