Hello everyone! This is analys and my name is Paul. Today I will cover about PoSToken Mining Guide
What is PoSToken?
PoSToken is the world's first Proof-of-Stake smart contract token on Ethereum platform. It's an ERC20 token which follows the ERC20 token Standard and implements all standard methods. PoSToken first implements the Proof-of-Stake mechanism, meaning that holders of PoSToken can earn some extra tokens just by holding PoSToken for a period of at least 3 days, greater than or equal to The Minimum Coin Age.
PoStoken useful for define a brand new token standard for Proof-of-Stake tokens. a interface including some standard functions was defined in the code of PoSToken (PoSTokenStandard). PosTokenStandard is a new token standard devised specificially for issuing Proof-of-Stake token and maintained by Dev team. Although it's an unofficial token standard , Dev team will do our best to build an entire and healthy ecosystem based on PosTokenStandard.
so to start mining PoSToken you must have some PoSToken.
I don't have PoSToken, how to get it?
1. You can buy PoSToken in exchanges: https://etherdelta.com/#POS-ETH
2. if you have a bitcointalk account, you can get free PoSToken read this article for more information: https://steemit.com/cryptocurrency/@analysis/postoken-free-air-drop-2nd-round
You can check your coin age with online PoSToken Proof-of-Stake mining calculator: https://calculator.postoken.org
PoSToken Mining Guide:
A. Sending a transaction to your own address with any amount. (I recommend this way because it can easily be done with any Ethereum Wallet).
B. Using MyEtherWallet.com or Mist or any other software that can interact with contracts to execute mint() function. tutorial for this way;
- Go to https://calculator.postoken.org/
check your address and make sure that your coinage is greater than zero, thus you can get reward via PoS mining.
- Go to MyEtherWallet & Click "Contracts"
- Input Contract Address & Contract ABI, then Click "Access" Button.
Contract Address: 0xee609fe292128cad03b786dbb9bc2634ccdbe7fc
ABI/JSON Interface:
[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":false,"inputs":[],"name":"mint","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"coinAge","outputs":[{"name":"myCoinAge","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_from","type":"address"},{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"timestamp","type":"uint256"}],"name":"ownerSetStakeStartTime","outputs":[],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"maxTotalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[],"name":"getBlockNumber","outputs":[{"name":"blockNumber","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"chainStartTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"stakeStartTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_recipients","type":"address[]"},{"name":"_values","type":"uint256[]"}],"name":"batchTransfer","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_value","type":"uint256"}],"name":"ownerBurnToken","outputs":[],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalInitialSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[{"name":"","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"annualInterest","outputs":[{"name":"interest","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"stakeMinAge","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"chainStartBlockNumber","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"},{"name":"_spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"stakeMaxAge","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"maxMintProofOfStake","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"newOwner","type":"address"}],"name":"transferOwnership","outputs":[],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"burner","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Burn","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"_address","type":"address"},{"indexed":false,"name":"_reward","type":"uint256"}],"name":"Mint","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"owner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Approval","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"}]
- Select 'mint' in the dropdown box.
- Click "Generate transaction" Button to Start PoS Mining (make sure to set the GAS limit to 200,000).
and congratulation..... you have successful done mining PoSToken.
Distribution of PoSToken
after the contract deployed, only 1.000.000 POS (10% of the Max Total Supply) will be created as the Initial Supply.
Development: 100.000
Marketing: 50.000
Bounties: 50.000
AirDrop: 800.000
POS INTEREST
Year 1 : 100%
Year 2 : 50%
Year 3 - 15 : 10%
According to the above annual interest,the Max Total Supply of PoSToken (10.000.000 POS) will be reached in about 15 years.Once 10 Million is reached, no more PoSToken will be generated via POS.
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More details about PoSToken please visit:
WEBSITE: https://postoken.org/
GITHUB: https://github.com/PoSToken
TWITTER: https://twitter.com/PoSToken
WHITEPAPER: https://postoken.org/whitepaper.pdf
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STOPHere's a this step by step guide to buying and storing PoSToken: https://getcrypto.info/postoken/