It's not dev coins. It's coins for HOLDERS program which return 40% more coins every month if you store coins on your wallet (Pos- Proof of stake)
According to whitepaper, monthly returns are 40% but annual return is "little" higher:
Fairy tail to lure investards into get rich over night scheme. Of course, 5200% annual in tokens is possible, but someone who invested 10,000$ will expect to get 520,000$ after 1 year - and that is that dirty part, or better to say, how to milk money from naive people.
This is getting better. I have just finished reading whitepaper
https://www.posscoin.org/Posscoin_Whitepaper.pdfPrice of one token is 0.00001$. Rewarding system works for those who hold 10,000,000POSS tokens(that is 100$):
Minimum Hodling balance to start receiving reward is 10,000,000POSS(Ten Million Posscoin)
Lets do some calculation.
Total supply: 50 000 000 000 POSS -->
PROOFProject Development: 5 000 000 000 POSS
Airdrop: 10 000 000 000 POSS
Team: 2 500 000 000 POSS
Partners: 17 500 000 000 POSS
Bounty: 15 000 000 000 POSS
5200% of 10,000,000 POSS, well, that is 520,000,000. 1000 investors who invested 100$ will receive exactly 52,000,000,000 POSS in one year while total supply is lower than this (50,000,000,000 POSS). I don't really want to speculate what will happen in 2 years.
This is probably best part of whitepaper:
It's not dev coins. It's coins for HOLDERS program which return 40% more coins every month if you store coins on your wallet (Pos- Proof of stake)
It's not dev's tokens looks like it's dev's tokens:
I don't want to talk about this any more, I see token value dropped 5X and trading volume is only $3K.
Fake team is more than enough for this thread.
