When you hold currently the SphearX coin (on the WAVES platform) you may have noticed that you get some kind of rewards, right?
- e.g. the last reward (0.00780621 SphearX) I got was on 2017-11-17 23:22:50
- see the attachment field which states: "PoS4All by Oceanlab"
and the first reward (0.0075 SphearX) I got on 2017-11-07 23:38:03
which was a day after this announcement:
- "PoS4All which will be available for a few token creators in beta test this week." (OceanLab, Nov. 6)
What is this?
- This is the upcoming POS4ALL system by OceanLab: as owner/holder of a certain coin on the WAVES platform you get a reward. (see more below)
Which other coins did you notice that get PoS4All rewards?
- see the announcement from Nov 13: "A limited amount of token creators will be able to contact us to participate in the first live use of the service in a few days"
Read more about POS4All here, especially:
What is the interest of POS4ALL for my cryptocurrency?
- "Proof of stake encourages holders of a cryptocurrency to store and increase the size of their stack by getting additional token for free at a regular interval. As a result, the value of money is more likely to rise as the supply on the markets is diminished and the demand increases. This increases the number of people interested in your project because they will earn regular money, like a savings account."
How does POS4ALL work?
- "you choose the amount of money you want to offer, as well as the periodicity and the percentage given when issuing rewards. You transfer the amount set to a distributing Waves address and our tools will automatically generate snapshots of the current distribution as well as distribute the tokens."
How much does POS4ALL cost?
- OceanLab takes 2% of the money distributed when the token distributions occur.
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