the white paper doesn't explain the use cases of POW lite on facebook or social media!
and the video is just sketshy!
Topic: free powtoken over facebook does it have a future? - page 2. (Read 1717 times)
eBTC didnt even have white paper or anything. It was just another ERC20-clone token with nice name. Powtoken actually has white paper and some good ideas of been social media token. I will hold some atleast. I would not compare this to e-tokens.
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WHY IS THERE ANY VALUE IF YOU ARE GIVING THE POW AWAY FREE?
A nice way to think about this is using early telephone networks as an example. When the first telephone networks were developed, the phone companies used to give new customers phones and connect them to the network for free. When there were no other users on the network, the early adopters didn't get any utility from the phone. It was just a silent object which sat on their hallway table. Distributing the phones was just a cost, with no immediate benefit for the phone company. However, as the network started to grow, and people started to ring each other, the phones' utility started to increase, making ownership of the phone highly attractive and creating a virtuous circle which lead to almost 100% ownership amongst the public.
The above can be applied directly to distribution of an electronic currency. Right at the beginning there is no real benefit in owning it, but as the network of owners grows, the utility grows massively, meaning that almost any transaction you currently do with traditional money could be done with POW 'lite' with zero fees and lightning speed and ease.
A nice way to think about this is using early telephone networks as an example. When the first telephone networks were developed, the phone companies used to give new customers phones and connect them to the network for free. When there were no other users on the network, the early adopters didn't get any utility from the phone. It was just a silent object which sat on their hallway table. Distributing the phones was just a cost, with no immediate benefit for the phone company. However, as the network started to grow, and people started to ring each other, the phones' utility started to increase, making ownership of the phone highly attractive and creating a virtuous circle which lead to almost 100% ownership amongst the public.
The above can be applied directly to distribution of an electronic currency. Right at the beginning there is no real benefit in owning it, but as the network of owners grows, the utility grows massively, meaning that almost any transaction you currently do with traditional money could be done with POW 'lite' with zero fees and lightning speed and ease.
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WHAT IS MY POWTOKEN.COM ACCOUNT FOR?
Your POWtoken.com account is for sending and receiving POW 'lite' to and from your friends. Initially we have integrated with Facebook, but will soon roll-out more social media platforms that can be used. All the free allocations of POW 'lite', are simoultaneously represented by a real ERC20 token on the blockchain. These real ERC20 POW tokens are held in a single ETH account on the Ethereum blockchain. Your individual holding of POW 'lite' is kept track of using a centralised database and is 'off-Blockchain'. The POWtoken.com site operates that database and gives you access to your POW 'lite' and the ability to transfer it to friends (currenctly restricted to your Facebook friends, but soon to be including your friends on all the major social media networks).
http://powtoken.com/POW_Whitepaper_19_09_2017.pdfYour POWtoken.com account is for sending and receiving POW 'lite' to and from your friends. Initially we have integrated with Facebook, but will soon roll-out more social media platforms that can be used. All the free allocations of POW 'lite', are simoultaneously represented by a real ERC20 token on the blockchain. These real ERC20 POW tokens are held in a single ETH account on the Ethereum blockchain. Your individual holding of POW 'lite' is kept track of using a centralised database and is 'off-Blockchain'. The POWtoken.com site operates that database and gives you access to your POW 'lite' and the ability to transfer it to friends (currenctly restricted to your Facebook friends, but soon to be including your friends on all the major social media networks).
There are millions of facebook user right now and if they keep distributing coins for free like this than when they will list themselves, people will just dump all they have in few minutes.
Coins that are distributed via airdrop can't hold higher price.
Coins that are distributed via airdrop can't hold higher price.
Few people got lucky with Ebtc Airdrop and made some money, Similarly ETHD.
I know a tech savvy person and a whale trader recommending this powtoken so I also tried it. The future will depend on how the devs works out his road map and support of the community.
They do have whitepaper and long explanations of everything. Looks more legit than most tokens on this forum. One of the features is that you can easili send your facebook friends the coin through that website. In future maybe some facebook-app so you can send them through the facebook itself.
They will expand this to twitter in future.
They will expand this to twitter in future.
Well, let's see. It depends on what will be next, in case of good facebook campaign it can have future, because many people love to use facebook and love simple usable things that can be the powtoken itself. But at this point nothing to prove that way.
Yesterday i heard about powtoken project started giving free tokens via facebook on a site http://www.powtoken.com
Does it have a future ?
Does it have a future ?
No and be very careful. This is huge collecting of personal data using Facebook login. Later they may try to steal your coins using obtained data as feeder for password cracker.
How does given erc 20 token to average Facebook user who know next to nothing about blockchain constitute future for powtoken. If you have any blockchain project, you can not afford not to be on bct!
It better have a future, I claimed it really early and got a huge amount of it 
The price won't be the same when they move all the lite tokens to the ERC20 blockchain but it doesn't need to be that high, right now if you claim your tokens you'll get about 484,473 POW which at the current price is 196$
Even if the final price is 1/10th of that it's already worth it for the one minute it takes to sign up. You only need to log with facebook.
The price won't be the same when they move all the lite tokens to the ERC20 blockchain but it doesn't need to be that high, right now if you claim your tokens you'll get about 484,473 POW which at the current price is 196$
Even if the final price is 1/10th of that it's already worth it for the one minute it takes to sign up. You only need to log with facebook.
Just tried my luck and applied... It better be successful :-)
doubtful but it was free anyways.
i've missed too much, i'll bounty hunt form now on
Perhaps this might have high value in the long run.
no chance at all, but since i missed eTBC airdrop now i'm joining everything 
Honestly, the future of this token is uncertain. But the concept is nice.
Facebook is popular and may be due to this reason this whole thing about powtoken is going to work in future.
I was one of those who were able to participate in it.
I even told my officemates about and told them to join too. But honestly as of now i dont know what will be its usage. Just hopeful that the people behind ot will prove that it is truly a worthy coin.
I even told my officemates about and told them to join too. But honestly as of now i dont know what will be its usage. Just hopeful that the people behind ot will prove that it is truly a worthy coin.
There are millions of facebook user right now and if they keep distributing coins for free like this than when they will list themselves, people will just dump all they have in few minutes.
Coins that are distributed via airdrop can't hold higher price.
Coins that are distributed via airdrop can't hold higher price.
I guess it has a chance to catch a high demand ratios due to facebook. Otherwise no chance at all
Looks like just another token given out for free and the price that they are claiming for their coin can't be real because there is no way to determine the actual price of those free tokens. They have never sold those token so its value is $0 right now, price of each token will only be determined when it will be listed in some exchange platforms.
I will never share my personal details like facebook for airdrops....
I will never share my personal details like facebook for airdrops....
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