Real-Time ETH Dividend Forever? Joke or Gem?

blazingprofits

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The recent bloodbath made me and many people realize not everyday is sunday and that we should explore whatever out there that is profitable to make up for days like this.

Though other than traditional mining/staking/MN and trading, that's pretty much all there is i know that one can do, to profit in crypto.

Until i came across this claim of passive ETH dividend.
My BS alarm immediately went off but i decided to dive deeper regardless.
To my surprise, i find this very interesting and believe its worth something we should explore into.

So what exactly is this?

It is a ERC20 based token, with smart contract that claims to secure the funds involved and generates passive income in ETH for the token holder.

It is called "Proof of Weak Hands"
Their website is as follows:

Main Site: powh.io

How does it work?

As the name suggests, its got to do with "weak hands".

"Weak hands" in general refers to people who could not "hodl" and often sell at low price or even for loss than waiting for higher price.

The idea in general is to reward "Strong hands" through "passive dividend" as they hodl through and take advantage of the "Weak hands" if they sell.

Just like trading, when you purchase any coin, exchange platform will charge you a fee for that transaction and you gain only when the price is higher and lose if you sell at lower.

BUT the twist here is that the fee is not for the platform but into a pool for all token holder, thereby
generating a "passive dividend" when transactions are made.

Simply put, you buy their token using Eth, based on the price set by the algo in the smart contract and affected by the purchase or sell.
Every purchase increases the price by a small percent.
Every sell decreases the price by a small percent.
Each purchase or sell or transfer includes a 10% fee

This 10% fee is split to reward affiliate(if any) and also to the reward pool as dividend which is shared by ALL token holder.

Which means, no matter if people sell or purchase, everyone will benefit in a way.

Just holding the tokens will be entitled dividends in ETH for every transactions made by others.
It is then available for withdrawal or reinvest for larger share of dividend.


Can this fail?

As it is ran by smart contract on the Eth blockchain and coded in theory such that the admin cant touch the funds nor change the code or destroy the contract, even when their website is down, the smart contract will continue to run.

However, nothing is 100% guaranteed safe in crypto. Even exchange platform gets hacked.
Their first version is bugged and Eth lost but have since rewrote their smart contract and secure now.
Their smart contract is open to review as well for those who knows coding.


What's my plan?

As they are still in very early stage, i plan to get as many tokens as possible, reinvest and hodl for the passive dividends.

upload_2018-3-21_0-3-27.png

Right now they have reached nearly 1300 ETH and it may explode soon.
Youtubers like craig grant, trevon james and others are already talking about it.

Feel free to ask or your thoughts on this. Is this the new gem or a joke? You decide
 
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blazingprofits

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Didn't read your long post but scanned it and saw you mentioned 'trevon james' is promoting it. He is one of the biggest shills of the BitConnect scam. Solid choice for crypto advice. LOL.

LOL Yea, i got burnt in BCC as well, i thought this is shit but worth take a look at the model this is using, no harm knowing. :)
 

blazingprofits

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I remember how bcc got up to $320ish and it was a total scam :D
Yea, the way bcc works is ponzi as there's no actual trading bot that generates revenue. plus with the btc went higher, the payout in fiat value decreases
the btc needed for payout, thats why they could last this long, but it is clear when btc dip, they cant pay out more btc than they receive.
they tried to launch another ICO, but its more than likely their fund is probably drained low.
the fall is when the owner choose to stop paying out btc and convert to their bcc coins which i believe, the owner took whatever's left in their btc account.
almost all scam is due to owner took the funds and shutting down.

but with smart contract, its transparent and in theory, the funds are "untouchable" by the owner if the code is right.
 

greenhut

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Pyramid schemes are scams and they´re illegal.
The scum promote them for the rewards.

Their twitter is => ponzi_bot . twitter.com/ponzi_bot

There are numerous ponzi smart contracts built in ETH.
They are meant to be a joke, still a sucker is born every minute..

Take a look at this one: uetoken.com
 

Alexpaberla

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Pyramid schemes are scams and they´re illegal.
The scum promote them for the rewards.

Their twitter is => ponzi_bot . twitter.com/ponzi_bot

There are numerous ponzi smart contracts built in ETH.
They are meant to be a joke, still a sucker is born every minute..

Take a look at this one: uetoken.com

I think every token (erc20) is a scam ... easy to Make your own token is Like The casino here only The house win ( The token owner)
 

blazingprofits

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Pyramid schemes are scams and they´re illegal.
The scum promote them for the rewards.

Their twitter is => ponzi_bot . twitter.com/ponzi_bot

There are numerous ponzi smart contracts built in ETH.
They are meant to be a joke, still a sucker is born every minute..

Take a look at this one: uetoken.com
Not sure where the pyramid schemes come from in this case but i see this in normal trading context as a token price driven by supply and demand.
Think of it as a "decentralized exchange" in a way but the fees is spread to the users instead.

I hope you don't take the ponzi part too seriously in this powh case, you can see where they are going with the memes and how they write stuff,
but phase 2 they claim will shrug off the clown side. But when? im not sure lol
The key part is the model that they use as what i have mentioned earlier.

Yea , anyone can build ponzi or illegal stuff on ETH, just like USD can be used on drugs or illegal shit like any currency do.

I briefly looked through uetoken and it seems to me that its a ICO that take your Eth and giving you their token like a normal
buy/sell transaction/ICO sale. Which i agree is useless and crap, definitely not the same as what powh is doing.
 

blazingprofits

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I think every token (erc20) is a scam ... easy to Make your own token is Like The casino here only The house win ( The token owner)
you can use money to buy a meal for the homeless or use it on illegal crap, it all boils down to what the owner do with it.

cant deny casino will have advantage but they do have to pay for the dice and roulette so gamblers can play. :)
How legit the casino operate is another thing again lol
 

greenhut

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Trying too hard to defend them. Looks that you´re biased.

So you´re either part of the project, "donated" them your ETH or promoting it to earn commissions (BTW the thread starts with a red "Affiliate Links" note).

Either way, good luck.
 

blazingprofits

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Trying too hard to defend them. Looks that you´re biased.

So you´re either part of the project, "donated" them your ETH or promoting it to earn commissions (BTW the thread starts with a red "Affiliate Links" note).

Either way, good luck.
LOL i dont need affiliate link if im part of the project. lf its only for affiliate, i could have remove the thread entirely rather than leaving it here.
Like i mentioned earlier, take a look at the model. Decentralization, transparency, rewarding mass instead of powerful institute is where we are heading and part of what crypto is for.

can only share what my views are but not forcing everyone to see what i see.
same like the guy who paid for pizza with btc, not everyone see btc one day will reach 20k in value and crypto is catching on for a reason.
 

blazingprofits

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shilled by scamcoin-shills? I'm all in!
hopefully u got in, it is hitting 12,000 ETH. you should have at least 2-3x what you put in by now
iznber
 

sWesUn

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I opened a thread myself just below. Grew by about $120 in 1 days so far, although still need to recoup 10%. Seems very promising.

My masternode link if anyone wants to join: mypowh3dmasternode.tk
 
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