STEEM Nation: I'm investing in POSWallet with next weeks powerdown!

beeridiculous (57)in #cryptocurrency • 7 years ago

Welcome to steem Nation! Today I go over specs and info on POSWallet, I'm really interested in the silver ounce bars offered. On to the info and specs, here's what I found!

PoSW Pre-Sale
The PoSW pre-sale is currently underway at https://poswallet.com/posw.php (you must either log in or sign up for an account at poswallet.com to participate in the pre-sale). A unique BTC address will be generated for purchasing PoSW at https://poswallet.com/posw.php once you sign up/log in.
The PoSW pre-sale will run until midnight on January 1, 2017. Pricing for the pre-sale is as follows:

```
  Before 12/01/2016: 0.000001 BTC/PoSW
```
```
  Before 12/14/2016: 0.000002 BTC/PoSW
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```
  Before 01/01/2017: 0.000004 BTC/PoSW
```

Your PoSW balance will be updated to reflect any purchases after the BTC transaction has been confirmed 10 times.
When the wallet is released (early to mid-Dec 2017, more details on timeline below), PoSW private keys will be given to each user for their pre-loaded PoSW address.
A maximum of 40,000,000 PoSW will be sold during the PoSW pre-sale. This is to help maintain price stability as well as to raise only the funds needed to expand poswallet.com and drive month over month revenue. Any coins not sold during the pre-sale will be held in the developers address for future organized coin sales, bounties, and faucet rewards. No coins will be dumped by the developers onto exchanges at any time.
The following pre-sale bonuses will be applied based on the number of PoSW purchased by a user. Bonuses will be applied on 1/1/2017.

  100,000 PoSW – Bonus 5,000 PoSW free

  250,000 PoSW – Beta test all future new features on poswallet.com

  500,000 PoSW – Bonus 50,000 PoSW free

  1,000,000 PoSW – 1oz 0.999 silver bar with PoSW address engraved

  5,000,000 PoSW – Bonus 250,000 PoSW + 8 x 1oz 0.999 silver bar with PoSW address engraved

The initial market supply of PoSW was capped at 250,000,000. We decided to reduce the final supply by burning coins from the developers address. These will be burned at the beginning of each month when the dividends are distributed. The final supply will be only 70,000,000 POSW.
All coins were pre-mined to control the coin supply and maintain price stability reflective of https://poswallet.com revenue and dividend growth.
PoSW Timeline and New Features
We have a dozen or so major features we plan on adding to https://poswallet.com to increase revenue growth over the next 6 months. As these features are closer to implementation and beta testing, we will announce them in this thread. For a teaser – altcoin exchange integration to staking wallets and expanding to serve > 300 altcoins. More info soon!
PoSW will be listed on at least 3 exchanges by January 2017 – developer funds will be used to pay coin-listing fees/marketing fees for further exchange listings as needed.
PoSW Coin Technical Details

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  Abbreviation – PoSW
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```
  Algorithm – Scrypt (PoW/PoS)
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```
  Max Coin Supply – 70,000,000
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  Coin Maturity – 20 blocks
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  Stake Rate – 1%/year
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  Target Spacing – 64s
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  Confirm Count – 10
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  Min Stake Age – 8hrs
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```
  Max Stake Age – none
```

PoSW Silver Bars
Each user that purchases >= 1,000,000 PoSW during the pre-sale will receive a custom 1oz 0.999 silver bar with their PoSW address engraved. After the pre-sale is complete, these will be available for any user to purchase.
Example engraved 1oz silver bar shown below.

PoSW Wallets
Windows is available here! Linux, and source code wallets will be available in later time. Tentative date is mid December to poswallet.com members and hard due-date of January 1, 2017 for general audiences.

In my last post I stated I was looking for other altcoins to invest in and thanks to @faraicelebr8 I just discovered POSWallet I can't wait to invest, hopefully I get a silver bar! What are your thoughts on POSWallet ? And if you guys know of any other upcoming altcoins, please let me know in the comments below.

Thanks for reading!

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