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Topic: ANN {PoWH3D}🚀 PROOF OF WEAK HANDS 🚀 2,790 ETH INVESTED SO FAR 🚀 NO ICO - page 2. (Read 1485 times)

jr. member
Activity: 107
Merit: 1
so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.
No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  
Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?
Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  


so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.
No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
  With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4. 
Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?
Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have. 

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is. 
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.   

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.   

 


I have been following this and I can see from the link you provided earlier that the top 100 holders make up 65% of the total amount of tokens. 

And you say that 2 ETH for Developers and 20 ETH for advisors, how do we know these advisors actually exist and are not the developers themselves?

If that were the case it means that the Developers own 65% of all tokens and are the main ones making any money compared to the other holders. 

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people and I noticed that on your rich list nearly all of those in the top 20 are selling tokens each day little by little (I have taken screen shots the last 3 days to compare them) so to me although I like the idea of the contract like you said and it cannot be changed the problem is that there is 65% of all owners possibly being 5 to 12 or so people. So for that reason I will pass.  Good luck with it but I cannot see it ending well because the top 20 is already starting to to syphon off money each 24 hours.     

You clearly don't understand the contract then my friend.

They may be siphoning off their tokens but let them do so - that's more eth in dividends for me!

If the top 50% sell immediately then I'll be a bloody Eth rich man. In fact - now that I think about it. Sell sell sell! lol
newbie
Activity: 14
Merit: 0
2,162 in contracts so far now.   Grin
jr. member
Activity: 280
Merit: 4
so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.
No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  
Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?
Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  


so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.
No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
  With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4. 
Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?
Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have. 

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is. 
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.   

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.   

 


I have been following this and I can see from the link you provided earlier that the top 100 holders make up 65% of the total amount of tokens. 

And you say that 2 ETH for Developers and 20 ETH for advisors, how do we know these advisors actually exist and are not the developers themselves?

If that were the case it means that the Developers own 65% of all tokens and are the main ones making any money compared to the other holders. 

I looked at investing 1 Ether but to me it is too much risk for little reward when there is 65% of all tokens potentially in the hands of a small group of people and I noticed that on your rich list nearly all of those in the top 20 are selling tokens each day little by little (I have taken screen shots the last 3 days to compare them) so to me although I like the idea of the contract like you said and it cannot be changed the problem is that there is 65% of all owners possibly being 5 to 12 or so people. So for that reason I will pass.  Good luck with it but I cannot see it ending well because the top 20 is already starting to to syphon off money each 24 hours.     
newbie
Activity: 14
Merit: 0
so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.
No it is not a coincidence, we have mentioned the fact that this Bitcointalk Thread now exists and some have decided to create accounts and post in it, that is fine with us.

We have also asked that they do not share their Masternode referral links here but what the general public does is out of our control.

The price was quite low to start and has grown to where it is today and continues to grow.  If you want to dig deeper or find out who the main holders it is all available for public viewing here.   https://etherscan.io/token/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe#balances
 With the largest token holder at 2.39%.  We had one purchase yesterday of 99 ETH so that put that person in the top 3 or 4.  
Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?
Many found out via word of mouth or from Youtube, so it was not kept a secret, it was only later decided to have a Bitcointalk Account as that is what most projects have.  

This video was made 1 Month ago at project launch so it is not as though it was kept "hush hush" as your post suggests, it was just that with so much going on creating an official account here was not a priority.   In Hindsight, yes we probably should have created an ANN at the time but we cannot change the past so it is what it is.  
 https://www.youtube.com/watch?v=JxTb6yGiq6Q


When we created the ANN there was 1,850 in ETH invested, now we are sitting at 2,145 ETH.  

And please keep in mind even if you invest now if one of the whales or top 20 token holders has a weak hand and withdraws,  you will profit from that, the same as you will profit from any new investors, so it really is never too late, the contract will run for as long as Ethereum is running which we believe we be past our life-spans.

And the beauty of it, if 3 or 4 of the largest holders were to actually dump, the price will drop, everyone still holding will get a percentage of that "sell" and it will create new entry points at lower prices therefore making it even more viable, and no matter who dumps (if they actually did) the contract will still continue to run, it is immutable in perpetuity.  

  

sr. member
Activity: 1148
Merit: 307
so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.

Yes, and somewhere in the thread it was mentioned that the contract has already existed for one month, and people had already been investing, so how comes this thread is new? How would people know about this project before the ann was published?
full member
Activity: 420
Merit: 100
ELIXIR TOKEN
so many newbie accounts, shilling the platform. Coincidence?

what was the price for the 1st people who bought in to the platform? Because the bitcointalk thread exist only since today.
newbie
Activity: 9
Merit: 0
This project is great. The community is super fun and friendly. The devs are constantly improving the site and ways to interact with the contract. Very talented group.

Don't miss your chance to be part of something new and fun. You might make a few bucks too.

https://powh.io
newbie
Activity: 5
Merit: 0
Just got in this is an amazing platform and concept. Wonder where it will be next year? 1million ETH?
newbie
Activity: 14
Merit: 0
He's asking about what happens in the event that either the smart contract itself or your website are found to have exploitable vulnerabilities.

If the contract is vulnerable it's possible it could be drained by a hacker.

If the website is vulnerable it's possible it could be changed to redirect users to deposit to a different contract.

The fact that the contract cannot be changed is orthogonal to both of these concerns.

Had to Google orthogonal.   Cheesy

The contract is not vulnerable it is has been put through extensive robust penetration testing and it sits on the Etherium Blockchain so if that is hacked than many ERC20 contracts are in danger, it is not impossible but also not probable.

As far as the website being hacked, I can tell you that nearly every investor is visiting it several times a day and so are the devs, we would find out very quickly if the Website was hacked and if it was, we can pull the plug and there are redundancy plans for holders to access their funds as explained on page 1.    Further to that IF the website was hacked and someone was to invest, they could easily see our contract address and prior to sending on Metamask to ensure it is the correct contract.

You may or may not have noticed that the heading topic of this thread is updated several times a day to reflect the amount of ETH held in the contract so there is always a set of eyes on the website.   And we also have several of the creators and devs working non-stop (based in different parts of the World) on the actual website itself as the front page and interface is still a work in progress with new features to be added.  

Also, forgot to mention on our front page of the exchange there is a clickable link that shows the current contract balance and if clicked on takes you to the actual contract page so a user is able to verify themselves with ease.   https://etherscan.io/address/0xb3775fb83f7d12a36e0475abdd1fca35c091efbe

Hope that clears up the previous posters concerns.  

And thanks for the new word.   Wink
legendary
Activity: 2940
Merit: 1333
What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?
You do not really understand how smart contracts work from the sounds of it, perhaps go learn a little about them, again, for the third time, the contract CANNOT BE CHANGED OR ALTERED BY ANYONE INCLUDING THE DEVELOPERS.  

He's asking about what happens in the event that either the smart contract itself or your website are found to have exploitable vulnerabilities.

If the contract is vulnerable it's possible it could be drained by a hacker.

If the website is vulnerable it's possible it could be changed to redirect users to deposit to a different contract.

The fact that the contract cannot be changed is orthogonal to both of these concerns.
newbie
Activity: 14
Merit: 0
I read some information from your forum thread and after that i had some questions about the PoWH3D project, is it an economic game or just a smart contract for investment with the receipt of dividends from the invested investments? How much percent of the profit will i receive as dividends if i invest in your 1ETH project or does it depend on how many referrals are registered and makes investments for referral link?


You could say it is both, it is a smart contract in ETH that pays on volume and depending on how many withdraw or deposit and the price of the P3D token adjusts accordingly.

We just had one person deposit 99 ETH so everyone who is currently in the contract received dividends from that one single deposit, with the amount relevant to the amount of P3D tokens you hold.   Now when anyone withdraws or deposits that person who deposited 99 ETH will receive large dividends from either action. 

So when someone joins you make money and when someone leaves and withdraws you make money, that is why it is called proof of weak hands the more you prove your hand is strong the more you stand to gain. 

ETH payments from referrals using the Masternode link are entirely separate and if someone signs up using your Masternode link you will receive a percentage of that, on top of your original percentage you would have received and you only need 5 P3D Tokens to run a Masternode and the system will auto-generate a link for you to share. 

Hope that helps.



newbie
Activity: 4
Merit: 0
Great project, I invested a few ETH and already got dividends in ETH:

dont miss it out and check it here and you may join here:

https://powh.io/?masternode=0x493d0e6a0011d177aff6eb674deba6c009de43ec

Go go P3D to the MOOOOOON..... Grin
sr. member
Activity: 406
Merit: 250
I read some information from your forum thread and after that i had some questions about the PoWH3D project, is it an economic game or just a smart contract for investment with the receipt of dividends from the invested investments? How much percent of the profit will i receive as dividends if i invest in your 1ETH project or does it depend on how many referrals are registered and makes investments for referral link?
newbie
Activity: 14
Merit: 0
I asked about your team because you label yourself as an exchange which means:

You must meet certain requirements to operate in the United States (whether or not your HQ is in the United States) your exchanges does not prohibit US citizens from participating. Do you have an SEC registration number for your securities if you are allowing US Citizens to trade on your exchange.
We do not answer to Uncle Sam, so the SEC can go fuck itself.   Grin
In your discord your "team" is accessible but we do not know who you are. Asking people to use your exchange without showing the identity of your team lacks transparency.
No one is forcing you or anyone else to put their ETH into the Contract, if you do not like it, do not invest.  Quite simple.  

What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?
You do not really understand how smart contracts work from the sounds of it, perhaps go learn a little about them, again, for the third time, the contract CANNOT BE CHANGED OR ALTERED BY ANYONE INCLUDING THE DEVELOPERS.  
These are not FUD questions, these are legitimate questions. Given the nature of MLM websites stealing funds from its users like Bitconnect, Falconcoin, Hextracoin, Davor and others, these are things you should transparently explain when advertising your exchange to potential investors.
Every site you just mentioned is/was a lending platform, where the developers have access to your funds.
PoWH3D is NOT a lending platform and no one but YOU has access to your funds, this reverts back to my earlier point, please educate yourself with Smart Contracts.  
Also, it seems based on your contract that your team has the ability to manipulate the value of P3D. If I am incorrect, please explain how the price of P3D is determined.

From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.
Again NO ONE CAN manipulate the value, if people sell off/dump, they are penalized and the funds from that penalty is dispersed (automatically by the contract, not a human) amongst those who do not have weak hands.  
You have a nice project but calling yourself an exchange and allowing people to invest without adhering to SEC and other regional laws puts your platform and its investors at risk.
I think you are pissing on our leg and telling us it is raining by saying "You have a nice project", you do not like the project, you are only interested in what the SEC will or will not allow and you think that the Developers have access to the funds which they do not, you are incorrect on all points and it has been explained to you several times.  This is not an ICO, keep that in mind.  

So please either choose to invest, or go phone the SEC and report us and then go learn what the word Decentralization means and how it relates to Crypto.  

Even if the SEC were able to shutdown our site, which they cannot, users can still access their tokens buy/sell/reinvest using Metamask and Etherwallet, so maybe they should also be reported to the SEC?    Roll Eyes   Cheesy

newbie
Activity: 19
Merit: 0
In your discord your "team" is accessible but we do not know who you are. Asking people to use your exchange without showing the identity of your team lacks transparency. What system do you have in place to reimburse investors in your exchange if your contract is hacked or malicious code is entered into your website to have individuals deposit funds into another contract without their knowledge?

It's not labeled as an exchange, the entire project is just the smart contract. An access point is provided in form of an exchange. You can also rehost the source code and operate the provided exchange locally, which I presume is not illegal in any sense. As last measure of access, you can always directly call the smart contract's functions via MEW or any other Ethereum access point. If you dont trust the website, do it manually via the other means of access. There are loads of guides on the discord.

The contract went under heavy auditing and been through two hackatons. There is no system to reimburse anyone. If this contracts get hacked, Vitalik probably has to fork the entire Ethereum network again since that hack will cover most ERC20 tokens.

Also, it seems based on your contract that your team has the ability to manipulate the value of P3D. If I am incorrect, please explain how the price of P3D is determined.

What was the starting price per token? now its 0.00688 ETH.

The contract has been deployed an operates fully autonomous, without the interference of any human. The value of the token was initially set to 0.0000001 ETH and with each token purchase/sell, the token price is incremented/decremented with 0.00000001 ETH. Again, this is guarenteed and regulated by the smart contract and the smart contract only. As of current, there is not 1 individual that holds more than 2% of the tokens. This has one of the best distribution curves I've seen.

From the outside, it seems your site is a smart contract version of the other Ponzi/Scam sites. Again, if I am incorrect please provide information that explains otherwise.

PoWH is a simulation of a specific economical system. It's what Bitconnect should have been instead of what it was. By participating you're interested in the workings of this system and the possibility of earning ETH. You mentioned the word investors quite alot. This is not a investement, this is simulation of an economical system.
full member
Activity: 420
Merit: 100
ELIXIR TOKEN
copper member
Activity: 22
Merit: 0
newbie
Activity: 1
Merit: 0
This sounds really interesting. This thread made me finally create an account on this board, will check your website out  Wink
newbie
Activity: 14
Merit: 0
2 Thousand ETH in Contract as of this moment!!!    Cool
newbie
Activity: 14
Merit: 0
This is actually why I joined cryptocurrency. The removal of centralisation. The idea that we could be the owners of our own money. I think crypto has lost its way a bit since big businesses have joined.

This is what I like to see, though. And why I'm in it Smiley
Thanks Raymond, that is what we are all about too, Decentralization.    Wink

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