I reserved Vietnamese translation.
Thanks
Topic: Postoken (Read 435 times)
yeah i like the idea behind the project. good luck devs
This seem like a good project, having viewed the whitepaper, however, I like to know if there will be listing with exchanges. thank you
Going to look into the mining of POS token, this looks great and getting to learn the step by step configuration on how to mine the POS token!
PoSToken
It is the world’s first Proof of Stake smart contract token on Ethereum Platform. It is based on the ERC20 Token Standard and Implements all standard methods. The very good thing about is this, as an Ethereum token, PoSToken first implements the Proof of Stake mechanism, meaning that holders of PoSToken can earn some extra tokens just buy holding PoSToken in a period of time greater than or equal to the minimum Coin Age.
PoSToken Standard
Furthermore, The idea of PoSToken is not only to issue a simple Ethereum Token with Proof of Stake but also to define a brand new Token Standard for Proof of Stake Tokens. A interface including some standard functions was defined in the code of PoSToken, we call it PoSTokenStandard, which is like the ERC20 Standard.
PoSToken Mining Guide
By considering the convenience of use and the consumption of less gas, PoSToken provides two methods to trigger PoS mining. However, the basic premise of starting PoS mining is that you should have held some PoSToken for a period of time, greater than or equal to The Minimum Coin Age. Then you can start PoS mining by:
1.Sending a transaction to your own address with any amount of POS.
We recommend this approach which can easily be done with any Ethereum Wallet.
2.Using MyEtherWallet.com or Mist or any other software that can interact with contracts to execute mint() function.
For now you have to use MyEtherWallet.com or Mist or any other software that can interact with contracts to execute this function. It maybe a little inconvenience for you, need to have some practical experience of interacting with contracts. But don’t worry about this, we have taken this into account and a Wallet for Proof-of-Stake tokens has been added to our development plan. We will soon release the first version you can test. By using our PoS Token Wallet, you can easily start PoS mining just by clicking one button. Worth mentioning that the wallet will support any tokens based on the PoSTokenStandard.
In addition, PoSToken’s contract also provides two functions for query:
Code:
function annualInterest() constant returns(uint);
Return current annual interest.
Code:
function coinAge() constant returns(uint);
Return coin age of your account. Return 0 means that your coin age doesn’t meet the min coin age now.If you are not sure about your account’s coin age, you can execute this function for query.
Step-by-Step Tutorial on How to Start PoSToken PoS Mining:https://bitcointalk.org/index.php?topic=2110712.msg21934703#msg21934703
Postoken Website: https://postoken.org
Postoken Airdrop: https://airdrop.postoken.org
Online PoSToken Proof-of-Stake Mining Calculator: https://calculator.postoken.org
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