everyone thought that lending platforms are dead, and don`t get me wrong, they are....
but something new has come out recently which is taking the ethereum blockchain by storm.
Proof of Weak Hands (POWH) is a smart contract on the ethereum blockchain
every time a purchase or sale is made, 10% of the transaction cost is distributed to all token holders as dividends.
and considering coinholders earn 10% off of every transaction, the value of my coins could in theory drop to almost nothing if everyone else sold, but i would bank HUGE off of the dividends from everyone selling.
Since buying and selling these coins only occurs through the smart contract, the price does no fluctuate based on hype/fud necessarily. the price is dictated by the smart contract based on how much ETH is in the contract (based on this formula/graph: https://www.desmos.com/calculator/3to9cfug6r )
As of 17 hours ago my portfolio was worth 0.4 ETH
right now it's worth 0.48
take this info with a grain of salt, dyor. maybe im missing something, but this looks like something you all might wanna take a look at!
would appreciate if you used my link, but either way, thanks for reading!
https://powh.io/?masternode=0x1657f9c470e1a25d906885cbf7d60052264e1a01
very nice