Topic: [ANN] [POSW] POSW COIN | Earn Monthly Dividends in Profit-Driven Growth Coin - page 16. (Read 118879 times)

How old you think this project is? And how old you think this coin is?

This project is longterm project if you thought you can triple or ten fold your money with few months you decived yourself. Market always has up and down. My bag value was 35BTC now it is 14 btc, i dont cry much. But with few years it is 350+ value. cconsept is more than a year longer than that coin. Coin will grow as all project will grow.

I think they use a moving satoshi price as opposed to to do the dividend payments; one of my friends had 52k and received I think he said 129? dunno although at the price of 15k satoshi this time around maybe? -- also they had more expenses this month compared to last month; which could have increased their expenses so the numbers are a little harder to guestimate.   April report goes up soon and we can backmath the satoshi price they played with -> I would assume it was a higher price point than last month just simply because well the price exploded.

We shall see x)

Kinda figured it would retrace a bit. I think it's a solid concept and could develop into something very big. Alot of great startups have big swings during the discovery phase. I am buying through these dips myself.

What a shame the price plummeted and everyone is selling. I should have sold on the high I guess and put in a buy order lower down to catch the dumps. I guess it's too late. I either sell now with a minimal profit or wait and hope for another price increase.

Did some calculations.  some math may me wrong cause... well... it happens

Only got 41.xx for having 16801 posw.  Im not a huge whale in the pool.  Im only about .05 percent of sites pool. Calculating how many coins in existence and add those to the pools number.  You can calculate true vested amount percent, it lowers even more.

using the 41 dividends and my total balance, the percent of my dividends was equal to .00244.  To check correctness: .00244 * 16800 = ~41.X

This confirms the dividend percentage was correct.  Now we are going to use last months reports to figure out how many coins used as dividend.  They used 278k coins

If we use the last month as an average satoshi price and the amount of coins in the march listing.  They handed out 2 btc worth of dividends.  If we estimated at 8k satoshis, using the same amount of coins would they would be estimated to give out ~22 btc.  Using the amount of 41 received posw, the dividend rate, the total circulation supply of 41mil and the current cost .11 cents:

278k/41m = 0.006780487804878 = amount of total supply given to dividends

41/16800 = .00244 ratio of received coins.  So this means that .00678 * 16800 = ~ 111 coins should have been received.  Then 41/111=37% . i received 37% less dividends as expected.  This opens up an option to be explored

So either the true amount of dividend coins should either be [.37*278k] = 102,684 actual coins distributed (this is based on using same satoshi price) or if they did the same amount due to rise of price of 10.66X in a month, the calculations mean they may had only given 28,000 coins (this way they would only distribute they same 2btc worth of dividends, instead of 22 btc as expected. Which means that the calculation of .00244 *102,684 should come out to 41, but it does not, it comes out to 250.5.  Odd... so trying 41/28k = .00146*28,000 is .... 41!!!!!!  So that means my 41 posw is only .00146 of the dividend given up.  Using .000497 (my ratio of 16.8k coins to the 41 million in circulation.) means that I really should have received only 14 posw.  I have no idea about what I being used as variables.  We need the info.

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All this random shit leads to the conclusions that instead of using the amount of btc that should have been distributed (22 btc), they lowered the amount of coins need to distribute to 28k in order to only pay out the 2btc.

So my 41 coin payment is really worth 4.51$.  However with the price increase, the 41 posw would have been 437.06 at last div block. Those coins would now be worth 48$. The 4.51 is not bad for a dividend, but not acceptable or viable if you going to lose half your value in a week.  We need transparency.

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The ICO scares me.  Not much info attached to it.  No pics, no teasers, nothing.  Any company would advertise their brand if they were trying build excitement.  Could be an item to grab more money and not fulfill it.  Their batch of silver bars did not pan out well.  This site may have been a scam idea, but people got pretty interested in the concept, so im not sure what is going on.  Was it just a pump in dump planned like this or was it supposed to be a scam, got popular and now they are struggling to actually build it, if in fact, it was supposed to be a scam  

So I dont know if its a lack of vision so far by development, the non exist transparency on how money is being spent or what it goes too, no public identities (we dont see any proof of those figures, we dont know who they are.  Most developers that really believe in a coin will want to put their identity up front incase it blows up big.) the non public identities is a serious issue since these coins arent safe.  We dont have the private keys, which is vulnerable to hacks and fraud.

I want to believe that this is legit because the website is pretty genius if you do it right.  It will never explode until we own private keys.  Im getting scared.  Havent lost money yet, but most of my profit was shot down by the halving of the coin price.  The 16800 ct. of coins was like 2.8 btc at one point.  Now its down to 1.4 btc.  Might have to dash and save what can be saved in order to not lose money

I had high hopes.  Now I need to see more details that can convince me to stay.  Also if this was random and didnt make sense, just ignore

Nice website design, but a huge facepalm on the exchange part.. Way too complicated. At this time, its almost laughable to exchange there and not worth the struggle. You basically need a calculator or a piece of paper for every exchange you make. There are 100 others that do it better.

Great !! thanks for this update. A tip; It might be good to give a little insight or explanation on the landing page of the website instead of a login screen.

Bittrex will have their ID's after being verified on their exchange.

Updates and new code

Posted by admin  https://poswallet.com/news.php

"Rolling out the next codebase version today - the following changes affect the frontend:

ICO system - including the LIMITED EDITION PoSW Hardware wallet. Will be online tonight.
Advertising page shows previous user campaigns
Wallet transaction ID display bugs fixed
Membership in profile correctly displays if multiple memberships purchased
Support center format updated, users can now close their own tickets
More streamlined menu system will be rolled out over today
Staking data API
8 other display bugs users have reported

From the backend, the new codebase increases website speed and allows for more concurrent users. We have a few more updates to make to further increase speed.

The following wallets are now syncing correctly and are out of maintenance: HONEY, ZEIT, OK, XST. If you are missing a transaction in these wallets, refresh the block via the profile page. ZEIT has a million blocks left to sync, please give that another 4-8 hours. We got in touch with the 808 dev and think we have a solution there as well.

All users that close their own support ticket will be entered into a weekly drawing for 1000 PoSW. Anyone who is found cheating (opening multiple pointless tickets) will be disqualified and account closed.

A new coin will be added in the next 1-2 days."

Yes it is safe to store on poswallet. Of course nothing is ever 100% safe; this is the same whether you store money in a bank, on your own PC ect; but the developers have made it quite clear that security is priority and they haven't failed to deliver on that.

poswallet.com gives the coin value, if it gets hacked it's game over. single point of failure if you will

I mean its their site, if they got hacked the posw coin would take a huge hit.

Hey guys. Is it safe to store the POSW you own on the POSW website? I mean can't it be hacked? thanks

mh, dunno, received an email

Then i think you didn't get the dividend.. Maybe contact support on the slack or the site, there is chance they can help you.

I don't really understand.

Current situation:
- Posw stored in Livecoin wallet. Can be seen from Balance.
- No sell order opened, as I am not going to sell any of it.
- Buy orders opened (with BTC) for few days, as I wish to buy more when the price drop.
- No withdrawal request.

But did you have your posw available to withdraw not in an open order? If so you should've gotten the dividend

No sell order but I have buy order opened. Will it affect the payout?

already the doubts,pump and dump -at the moment the price is holding,it is clear what happens in a couple days-a week,a net drain.

Did you have your posw in an sell order? Because you won't get the dividends if you have your posw in an open order