POSW Coin

[XrayRomeoPapa]

I was looking at my Ledger Hardware Wallet apps and saw POSW coin was added awhile back. Having no idea what it was I looked into it.

They were an exchange and basically ran a large Proof of Stake wallet that most coins that were POS could be staked out easily. I guess they had some SEC issues and took everything down and fell off the map for awhile. I was on their slack and they recently got a new development team and are revamping everything and adding features like Masternodes to their token.

Crazy thing is their market cap is only 2 million. All the other coins on the ledger wallet have 200m market caps or higher. They are not even on a major exchange yet . I feel if they can get everything going again, add masternodes and get on a larger exchange like Bittrex they will have a HUGE price spike.

Looking at the price charts the lowest price for the last 5 months was $0.0026 USD(during the major crash days). Currently it's at $0.05 USD. Unless they go completely under I see a chance of losing 50% of my money with a HUGE upside potential. I bought enough for a masternode in the future, just thought I would share this gem. 

 

EDIT-- this is what the dev said

Alright, so @bruce-wayne and I have been talking about the game plan for the next couple weeks. So to start the posw info site has been finalized and is being sent to the admin right now to approve of it and then publish it. We are expecting this to be done over the next 2-4 days. After the site is up we are going to be releasing the white paper and rebranding the btc Ann thread by creating a brand new page. We expect this to be done sometime during next week. Once the new website is out, the white paper released, and the btc thread reopened. We will start applications to major exchanges. Probably will start with bittrex again. Hopefully with the new info website, a better Ann thread, and a clear whitepaper they will accept us.

 

Edit- 12-5-17

 

So this coin is now at 17 cents. Masternodes and trustless proof of stake is working on their testnet. Now that the project is coming to life they are working on bigger exchanges. They are doing a coin swap and changing the name to"StakeNet" with the price ticker"Stake".

I believe with the first ever Trustless proof of stake, masternodes, a functioning website and being on the ledger this coin will begin to really start moving soon. 

Edited December 5, 2017 by XrayRomeoPapa

[Khaleesi]

Hi, @XrayRomeoPapa just wondering how many is enough for a master node and which exchange did you find them on?

[Khaleesi]

Any thoughts on Komodo?

[XrayRomeoPapa]

You can find it on Cryptopia and on Nova Exchange. Cryptopia has the most volume. I asked how much for a masternode and someone messaged me in private saying it was voted to be 20,000. Not sure if it was a Developer though, I havn't spent enough to know who's who yet.

Only thought I have on Komodo is it makes me sad. I had it awhile ago and sold before the big jump. Can't win them all. I don't know enough about it too know where it is heading!

[XrayRomeoPapa]

This is what the Dev of POSW coin said their plan is.

Alright, so me and @bruce-wayne have been talking about the game plan for the next couple weeks. So to start the posw info site has been finalized and is being sent to the admin right now to approve of it and then publish it. We are expecting this to be done over the next 2-4 days. After the site is up we are going to be releasing the white paper and rebranding the btc Ann thread by creating a brand new page. We expect this to be done sometime during next week. Once the new website is out, the white paper released, and the btc thread reopened. We will start applications to major exchanges. Probably will start with bittrex again. Hopefully with the new info website, a better Ann thread, and a clear whitepaper they will accept us.

[Khaleesi]

5 minutes ago, XrayRomeoPapa said:

This is what the Dev of POSW coin said their plan is.

Alright, so me and @bruce-wayne have been talking about the game plan for the next couple weeks. So to start the posw info site has been finalized and is being sent to the admin right now to approve of it and then publish it. We are expecting this to be done over the next 2-4 days. After the site is up we are going to be releasing the white paper and rebranding the btc Ann thread by creating a brand new page. We expect this to be done sometime during next week. Once the new website is out, the white paper released, and the btc thread reopened. We will start applications to major exchanges. Probably will start with bittrex again. Hopefully with the new info website, a better Ann thread, and a clear whitepaper they will accept us.

Thank you for sharing that info...interesting to see batman might be involved ?

[XrayRomeoPapa]

So this coin is now at 17 cents. Masternodes and trustless proof of stake is working on their testnet. Now that the project is coming to life they are working on bigger exchanges. They are doing a coin swap and changing the name to"StakeNet" with the price ticker"Stake".

I believe with the first ever Trustless proof of stake, masternodes, a functioning website and being on the ledger this coin will begin to really start moving soon.