POSH was created to encourage the sharing of posts published on Hive on other social platforms such as Twitter and Reddit, rewarding user activity with $POSH tokens. Most of the tokens earned by users were sold, thinking they were a bit rubbish like most reward tokens created.
Initially I thought so too, but then knowing a little about @acidyo, one of the major promoters of Hive, as well as founder of @ocd, I understood that things could have been different, which is why I bought so many $POSH when the value was much lower than today, waiting to also obtain some benefits. With over $POSH 10,000 in my wallet, I am among the top holders and the benefits have been rolling in lately.
$ZING is the first project that rewards $POSH holders and the airdrop, although limited in time, is rewarding my investment, in addition to the increase in the value of POSH. I currently receive about $550 ZING per day, approximately $2.75, without any additional effort or financial commitment.
What will happen after the airdrop ends for POSH holders?
As already anticipated by @acidyo himself, the airdrop for POSH poses will end in about 3 months (unless further changes). In addition to the benefit already obtained, someone might think that it could be the right time to sell POSH, now useless... Bad idea in my humble opinion. Acidyo's confirmation of a further project and the related airdrop could take place over the next year, certainly at the end of the ZING airdrop. Nothing has been revealed about Project
What I also want to focus on is the total supply, established at a maximum of 1 million tokens and today almost 3/4 of them have been minted. The large amount of PoSH is held by @poshtoken.wallet who has been consistently buying back from the market and is now the largest shareholder, awaiting projects that may require POSH or more. A good portion is in the @null account, so supply is down to around 900,000 POSH and more may be added in the coming months.
POSH will continue to be an active project in the future, something to consider for those looking to diversify into Hive.
!DHEDGE
Another thing to keep in mind is that posh is hardcapped at 1m supply, after that runs out we can't print any new POSH and the reward mechanism will start to change. Potentially to give delegators and sharers less posh, starting with POSH that has already once been bought back currently residing in the @poshtoken.wallet.
What will happen to POSH when all the tokens have been minted? Will there be a new buyback system? Will POSH be used in Holozing for example for discounts or something else?
There's no further buyback system planned for now, maybe in the future. POSH will help fund another startup project here soon so we hope the value people get by holding posh will hold up demand on its own rather than us buying more back.
When the next round of distribution occurs of bought back posh being distributed we hope people will continue to delegate so that posh can have a good history of helping kickstart great projects on hive and in the same way get some value from what it helped fund. In this case POSH has close to a million zing now and a million zing have been distributed to other posh holders so hopefully people pay attention to the value they can get by holding posh and the diverse ways they may passively earn other tokens by holding it.
A lot can be done but currently not in a rush to plan it out as busy with other things. A usecase for POSH is not planned for zing or the new project yet but we'd love to entertain the idea to use it as a "marketing" tool since it was mainly earned by promoting hive on web2 it would make sense to use it to promote your own content/other on some of the projects it helped kickstart.
A wonderful future for POSH 😍
It is a good thing if there is a reward then people will be more interested in this platform and this new project will be popularized on other social media platforms so here also we have more users.
How do I earn something equivalent to that too. Also how do I get the airdrop of both zing and posh?
Thanks
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With the ZING airdrop I think all the POSH holders are happy. Hopefully more will come out of it. :)
Nice and interesting info about future of posh tokens!
@tipu curate
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You are in 9th place among POSH owners. But I'm catching up with you :) In my opinion, this is one of the best tokens on HIVE.