Is POW token a scam? - page 11. | Bitcointalksearch.org

JesusCryptos

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Quote from: senseimaiku on October 27, 2017, 12:07:18 PM

its hard to tell if POW is a scam or not. First they let us get POW Lite token thru Facebook and retweeting in Twitter. Let's just wait what will happen next until December.

It is not hard at all to tell if POW is a scam or not - did you pay to get it? No. This means it is not a scam.

MI6

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Quote from: lazygin001 on October 14, 2017, 08:38:25 AM

Joined the POW token airdrop the other day, got around 300k POW Tokens and it claimed it was worth $850. Then a moment later when I checked again it dropped down to $140. Does anyone know if it is legit?

since you get it free why should worry about scam or not ? is the coin held ICO too ? if only airdrop and even no market or price get dropped, because you get it free just hold it, you not lose anything

senseimaiku

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its hard to tell if POW is a scam or not. First they let us get POW Lite token thru Facebook and retweeting in Twitter. Let's just wait what will happen next until December.

rudox

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Quote from: Phalo on October 14, 2017, 09:00:20 AM

I don't know if this is a scam coin or not but what I do know is that prices for tokens, coins even Bitcoin fluctuate. So the fact that the price has dropped is not enough evidence that a token is a scam. I say do your due diligence.

There is no need to label POW as scam till December 1st 2017 when it is due for payout. The drop in the value of your POW balance can be explained in that as more people joined and take their own share then the value will definitely drop. What you have now may not be your final share it may still be lower. so bear that in mind.

marados

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Quote from: lazygin001 on October 14, 2017, 08:38:25 AM

Joined the POW token airdrop the other day, got around 300k POW Tokens and it claimed it was worth $850. Then a moment later when I checked again it dropped down to $140. Does anyone know if it is legit?

Meh what to say, dont know why price is changing all the time whilst they are not even tradeable yet. Also the ones that we could get on their site is POW Lite with which you can trade with your friends on FB, and in future you MIGHT be able to swap it for "real" POW tokens that will be tradeable.

For now, I'm just holding them, cause tbh you can't do anything with it. Only time will tell if they will become tradeable like they said.

kabukabu

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I dont know if this token will be scam,but they never tell me what the exchange rate between POW lite and POW.
I'm not up for this project.

QFT

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Quote from: brightfame on October 23, 2017, 04:18:34 PM

Quote from: iungonetwork on October 15, 2017, 01:53:37 PM

Quote from: tyuner4 on October 15, 2017, 12:29:14 PM

It is an airdrop so how can it be a scam? There is no way to guarantee the price of a coin won’t drop. In any case, altcoins are in red, perhaps you want to wait to see whether the price increase.

thats my thinking

airdrops are worth something only when there is a liquidity / buyer

I see they are listed on etherdelta, this could possible get somewhere, just time will say!

Everyone can get listed at etherdelta, it's not like there are any requirements you just need a contract address.

bcnaranjo

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I think we need to wait, they are planning for other social media platforms to be added in POW airdrops and as we all know almost all people are using the Social Media every hour of the day, so this POW really makes sense and has potential.

anasso

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we cannot say it's scam because they don't ask anything from people!

it's a free airdrop so it's free money and you will loose nothing!

brightfame

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Quote from: iungonetwork on October 15, 2017, 01:53:37 PM

Quote from: tyuner4 on October 15, 2017, 12:29:14 PM

It is an airdrop so how can it be a scam? There is no way to guarantee the price of a coin won’t drop. In any case, altcoins are in red, perhaps you want to wait to see whether the price increase.

thats my thinking

airdrops are worth something only when there is a liquidity / buyer

I see they are listed on etherdelta, this could possible get somewhere, just time will say!

alian17

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I don't think it's a scam. You have to understand that. The coin dropped and didn't raise money or ICO. Why is it a hoax? Maybe developers, they're a little selfish. They don't want to send out so many coins. They want to make money, too. SO. There is a tolerant attitude towards such airdrop.

fikito33

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I got 291,281 Pow tokens Grin

!! i hope that it is not a scam !! but i think surly not so we will see in December what will happen !

redhondaxrm125

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Quote from: lazygin001 on October 14, 2017, 08:38:25 AM

Joined the POW token airdrop the other day, got around 300k POW Tokens and it claimed it was worth $850. Then a moment later when I checked again it dropped down to $140. Does anyone know if it is legit?

Have also gotten into their airdrop. Amd i must say it is quite interesting because it is unique. But im not sure wether it is really legitimate or not. The only thing i know is that if its legit, i get beer money, and if not, then sad. Have nothing to lose, its just am airdrop. But i really do hooe they are for real. Because i coukd really use some bar money for this comming Christmas lol.

JesusCryptos

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Quote from: cryptobaboon on October 17, 2017, 09:32:18 PM

Quote from: lazygin001 on October 15, 2017, 04:31:14 PM

Quote from: billyj111 on October 14, 2017, 04:34:46 PM

Well, why not legal? The price was simply dropped very much because there was no support and nobody needed a coin

It dropped from 850 to 150 in less than 5 minutes thats what got me wondering. Anyway it is now something like $40 so probably gonna forget about it in a few months time

I guess it was much more a coincidence. The price is based on etherdelta prices https://etherdelta.com/#POW-ETH which bases on sell only from those who received some coins in the blockchain with that marketing campain. The thing is: the airdrop is linked with you FB account and each token will be swapped to a real ERC20 token by the end of the year and then, and only then, you'll be able to exchange it for anything.
Look at their whitepaper: http://powtoken.com/POW_Whitepaper_19_09_2017.pdf . Based on their previsions, this could really worth some good money. The amount of coins being distributed is still very high. Even though its valued as eg US$0.001 would still give you 300bucks from the void! And this is definitely an achievable price! There are 240billion tokens out there and eg Bytecoin already passed that mark with 183billion coins.
This is an airdrop, like all the others spread along BTT, with a different approach and still open! That's free money, no matter anyone say the opposite... you can register yourself and wait holding your popcorn until it sees the sun ... or just don't and may lose the chance of winning some. It's up to you guys! My slice is already guaranteed

Yes, discussion about price now is premature and make no sense. By the way, does anyone know how many people have received the airdrop so far?

jkooi

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Quote from: Blakscorpion on October 14, 2017, 09:28:31 AM

Untill you put money in it, it can't be a scam, because by definition, airdrop is free money.
I don't understand how somebody giving you money would result in you calling it a scam Cheesy

Words to life by!

wwzsocki

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Because it is made together with Facebook accounts people start sending POW each to other for doing some things like posting and so create real value, in no time same people will start to pay real hard cash to get some POW. Just a simple idea with really big potential because of distribution and Facebook community behind which will create a buzz in media for free.

fulled

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POW token airdrop distribution is unique, they create lite version of POW and 'lock' it till end of this year before this lite version can be swap for the 'real' POW, for now only dev know how much POW token we can get if claim the real POW at the end of this year, its a good strategy for the token, sure this token will give us some surprise when the swap ended, its agood or a bad surprise we dont know, let the time show to us in next couple months :v

gidaahmad

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I do not know POW token scam or not. Many people follow the Airdrop, including myself getting 2000,000 pow tokens. If pow token is not a scam, I am very grateful for what I get.

mevmike

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it is hard to say if a token is a scam or legit simply because the price drops.
as we all know volatility is every cryptocurrencies problem.
therefore if a token suddenly encountered a huge decrease in the value will not automatically mean that it is a scam.
it needs further research before someone can tell if it is a scam or not.
Cheesy

cryptobaboon

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Quote from: lazygin001 on October 15, 2017, 04:31:14 PM

Quote from: billyj111 on October 14, 2017, 04:34:46 PM

Well, why not legal? The price was simply dropped very much because there was no support and nobody needed a coin

It dropped from 850 to 150 in less than 5 minutes thats what got me wondering. Anyway it is now something like $40 so probably gonna forget about it in a few months time

I guess it was much more a coincidence. The price is based on etherdelta prices https://etherdelta.com/#POW-ETH which bases on sell only from those who received some coins in the blockchain with that marketing campain. The thing is: the airdrop is linked with you FB account and each token will be swapped to a real ERC20 token by the end of the year and then, and only then, you'll be able to exchange it for anything.
Look at their whitepaper: http://powtoken.com/POW_Whitepaper_19_09_2017.pdf . Based on their previsions, this could really worth some good money. The amount of coins being distributed is still very high. Even though its valued as eg US$0.001 would still give you 300bucks from the void! And this is definitely an achievable price! There are 240billion tokens out there and eg Bytecoin already passed that mark with 183billion coins.
This is an airdrop, like all the others spread along BTT, with a different approach and still open! That's free money, no matter anyone say the opposite... you can register yourself and wait holding your popcorn until it sees the sun ... or just don't and may lose the chance of winning some. It's up to you guys! My slice is already guaranteed

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