Populous – I’m in a Relationship!
Investors have many objectives where some buy to hold, some to trade and some to flip. Buying Populous’ PPT token is no different. If you do not know your own trading personality then you will likely be fickle. The slightest news; good or bad will sway your thinking leading you to make bad decisions that you may regret further down the line.
Populous investors who are holding can be said to be a bunch of fully informed investors and not swayed by the news out there. Though there are some weak hands “bad” news would have certainly caused them to sell out. However the number of PPT holders have been steadily increasing with many of those pre-ICO buyers still holding to this day.
Just after the pre-ICO, 1100 individual Ether addresses formed the core of the PPT pre-ICO buyers. The 1100 unique individual addresses does not mean that there are 1100 individual PPT holders as some may have multiple wallets. This number has now grown to over 9000 individual addresses and thus potentially over 9000 individual PPT holders.
Thus to show their appreciation to all PPT holders Populous sent out this tweet.
You will note that the tweet refers to “reward of loyalty”.
Interpreting Loyalty
By buying PPT you are making a commitment to Populous. It is just like any commitment you make when you are in a relationship with your other half.
If you are a flipper the commitment is obviously not there. To crudely put it, it is like having a one night stand – here today and gone tomorrow.
If you want to sell PPT to contribute to other ICOs, in the hope of buying back at a later date with your potential profits, then your commitment and hence loyalty maybe in question. As an analogy, you are married and you have an affair - is that loyalty and commitment to your other half?
The recent FUDs surrounding PPT have indeed scared away many weak hands. Questioning to seek answer is one thing but to attack one’s integrity is another. As a family, we circle the wagons and return fire together.
Getting your PPT tokens at pre-ICO stage does not automatically make you a loyal and committed holder. Those who could not buy during the pre-ICO and instead bought tokens in the post-pre-ICO stage are maybe even more loyal and committed.
It may be that they are unwilling to sell at a loss. However, that is not to say that they are not loyal in any way to the Populous cause. In fact those who have continued to accumulate as the price got lower are maybe even more loyal than others.
You bought into a relationship with Populous and in that relationship you are giving commitment through thick and thin no matter how tough the going gets. The last few weeks have indeed been tough for those who bought after the pre-ICO especially those who got in when the price was around $7-$8.
How Does Populous Know Who owns PPT Tokens.
Populous do not know who owns PPT tokens because there is certain anonymity in the crypto-space. However Populous will know how many Ether addresses contains PPT tokens and their transaction histories. The in’s and out transactions of a wallet is trackable since blockchain technology prides itself on transparency.
All transactions history are available for all to see on the blockchain, so if you pride anonymity, don’t put a face or a name to the Ether address if you can.
How Does Populous Know Where to Airdrop the XBRL Tokens.
The way to ensure you are included in the airdrop is to keep your PPT tokens in a MEW Wallet. To be sure you will receive XBRL tokens just do a quick check on Etherscan.io to see whether you Ether address is there.
Click on the link below to go straight to the PPT token page and scroll down until you see your address on the list. Populous will airdrop XBRL tokens to addresses that are listed there.
https://etherscan.io/token/0xd4fa1460f537bb9085d22c7bccb5dd450ef28e3a#balances
If you are wary of the above link, I don’t blame you at all. See the screenshot image of the Etherscan Populous Token page below and navigate to the same page to locate your Ether address.
Just scroll down to the approximate number of PPT you hold and your address should be somewhere about there.
Common Question Raised Over and Over Again
Naturally everyone want to find out as much they can about the airdrop and these questions are repeating themselves on a daily basis. I attempt to answer some of the questions here. However, just to be sure get a second opinion from other sources as well and in particular from Populous itself.
Which Wallet Client are Applicable?
At the moment MEW is stressed as the wallet of choice so it would appear that NOT ALL ETHER WALLET CLIENTS ARE EQUAL for this XBRL token airdrop. However, keep yourself updated at all times through all avenues from Populous because the situation is still fluid.
It is understandable that many would wish to keep using their existing wallet which they have built up trust and confidence over this period of holding. Changing wallets now strikes fear into many for they may make inadvertent mistakes like sending their tokens to the wrong address or expose their private key when setting up new wallets at this critical time.
The fear is further magnified with all the phishing scams out there with many horror stories of people losing their tokens on MEW related phishing scams. If possible all addresses shown on Etherscan.io no matter what wallet client being used should be applicable for this airdrop.
My PPT Tokens Are Distributed Into Several Different Wallets
Populous have indicated that a two level analysis will be carried out so if you moved your tokens to another MEW wallet address and it is trackable on Etherscan.io then you would be rewarded the XBRL tokens. Populous have not indicate further level of analysis beyond two levels which quite possibly may not be needed.
Do not move your PPT tokens onto any exchange because they will count as exchange PPT and not yours no matter their status. Also take note of the wallet client you are using and keep abreast of news from Populous.
My PPT Tokens Are Kept on the Exchanges
If you have bought your tokens on the exchanges and kept them there then there will be no history of your PPT transactions. In fact you will not even have a footprint on Etherscan.io. Even if you are a long time holder having bought just after the pre-ICO you may be construed as a newbie and moving PPT tokens to your MEW wallet now will only give a very short transaction history.
Nevertheless, moving your tokens out of the exchanges and into your MEW wallet before the cut-off or airdrop date will mean that you will still be considered in the airdrop. So move your PPT tokens out of the exchanges and into you MEW wallet now.
Any PPT tokens kept in the exchanges will not be taken into consideration for the impending airdrop.
Will I Be Included in the Airdrop if I use a Hardware Wallet?
The short answer is “Yes”. As long as your MEW wallet address in shown on Etherscan.io then you will be included. A hardware wallet only contains your private key and not your tokens. Your tokens reside on the blockchain and the hardware “wallet” just gives you a more secure mean of accessing your tokens.
This also applies to printed paper wallets. Your PPT tokens are still on the blockchain and so still in the MEW wallet. Your private key is printed on your paper wallet to which access is only given if you have the private key (printed paper wallet) at hand. I have not used a paper wallet but please correct me if I am wrong here.
When Will The Airdrop Take Place?
The date of the airdrop is still open because no decision have yet been made. If you want to accumulate more tokens during this period then go ahead. If you believed in the work that Populous is doing, you would be accumulating PPT tokens before this announcement anyway.
The snapshot for determination of the number of XBRL tokens to be distributed starts from pre-ICO to whenever the cut-off date is and which is still to be determined/confirmed.
If I sold to contribute to another ICO during this period then buy back before the airdrop would I still be included?
I would say “Yes” but your loyalty to the cause will possibly be greatly diminished and thus may affect the number of XBRL tokens distributed to you. It is not known how the number of XBRL tokens will be calculated but the period you have been holding may commence from the time you buy back in after selling off!
Nevertheless, you take the risk of selling PPT tokens to flip other ICOs in the hope of accumulating more PPT afterward with your potential profit thereby missing the XBRL token airdrop. You may also need to buy back in at a higher price thus negating your gain from flipping other ICOs.
In Conclusion
Granted it is up to you how you decide to invest your ETH. Since the XBRL airdrop is a bonus reward to PPT holders it is also the discretion of Populous how many XBRL tokens are distributed. There will be conditions and criterias that Populous will have to help them make their decision but keep in mind the XBRL token is a bonus and everyone should be happy to receive something.
Populous could have raised more capital by doing another ICO but instead chose to airdrop the XBRL tokens instead. THIS IS COMMITMENT BEING SHOWN BY POPULOUS TO PPT HOLDERS. I have not yet encountered others that have demonstrated the same commitment to their token holders as Populous have done to date. You are definitely in safe hands when investing in PPT tokens.
Everything being done is with the view of ADDING VALUE to PPT. What Populous have done knows no bound and in my opinion there is more to come.
Other Populous Posts
My latest post can be read by clicking the links below.
Populous – Business Synergy In Action?
https://steemit.com/populous/@marcusxman/populous-business-synergy-in-action
Populous – Adding Value, What’s Next?
https://steemit.com/populous/@marcusxman/populous-adding-value-what-s-next
Populous – Can Predict The Future?
https://steemit.com/populous/@marcusxman/populous-can-predict-the-future
If you want to find out more and then read more other Populous posts then here. I hope you take what you have learnt to ask more question in the view of furthering your knowledge on the potential of Populous.
Should you have more questions concerning Populous after reading my posts then go straight to the horse's mouth for the answers on their Slack Channel, Bitcointalk forum or Twitter Account for answers and clarifications.
Populous is one of those hidden gems that you do not often come across. To find out more see the post by @seenmidnight in the link below:
This is NOT Financial Advice
In my humble opinion, the risks to the downside are small compared to the potential upside rewards. This should not be construed as financial advice but an opinion only. As usual do not invest more than you can afford to lose as these investments can go to zero and always do your own due diligence.
Feel free to comment as you see fit below.
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