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PoSToken The World's First PoS Smart Contract Token

PoSToken The World's First PoS Smart Contract Token

PoSToken is not only an Ethereum token, but also a brand new Token Standard for Proof-of-Stake tokens.

    PoSToken is the world's first Proof-of-Stake smart contract token on Ethereum platform. It's based on the ERC20 Token Standard and implements all standard methods. As an Ethereum token, 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 time, greater than or equal to The Minimum Coin Age.

    Furthermore, the idea behind PoSToken is not only to issue a simple Ethereum Token with Proof-of-Stake mechanism but also to define a brand new Token Standard for Proof-of-Stake tokens. A interface including some standard functions was defined in the code of PoSToken, call it PoSTokenStandard, which is like the ERC20 standard. It's a new Token Standard devised specifically to help developers easily issue Proof-of-Stake tokens. It's a real innovation and we believe that a new era of Crypto Tokens is coming.

POS MINING GUIDE

    By considering the convenience of use and the consumption of less gas, PoSToken provides two methods to trigger PoS mining. However, the basic premise of starting PoS mining is that you should have held some PoSToken for a period of time, greater than or equal to The Minimum Coin Age. Then you can start PoS mining by:

1. Sending a transaction to your own address with any amount.
We recommend this approach which can easily be done with any Ethereum Wallet.

2. Using MyEtherWallet.com or Mist or any other software that can interact with contracts to execute mint() function.

    For now you have to use MyEtherWallet.com or Mist or any other software that can interact with contracts to execute this function. It maybe a little inconvenience for you, need to have some practical experience of interacting with contracts. But don't worry about this, PoS Token have taken this into account and a Wallet for Proof-of-Stake tokens has been added to development plan. will soon release the first version you can test. By using PoS Token Wallet, you can easily start PoS mining just by clicking one button. Worth mentioning that the wallet will support any tokens based on the PoSTokenStandard.


contract PoSToken two functions for query:

   code : function annualInterest() constant returns(uint);
Return current annual interest. 
  code : function coinAge() constant returns(uint);
 Return coin age of your account. Return 0 means that your coin age doesn't meet the min coin age now.If you are not sure about your account's coin age, you can execute this function for query.

Step-by-Step Tutorial on How to Start PoSToken PoS Mining: https://bitcointalk.org/index.php?topic=2110712.msg21934703#msg21934703
Online PoSToken Proof-of-Stake Mining Calculator: https://calculator.postoken.org

Specifications of PoSToken

Contract: 0xee609fe292128cad03b786dbb9bc2634ccdbe7fc
Name: PoSToken
Symbol: POS
Decimals: 18
Max Total Supply: 10M
Initial Supply: 1M
Min Coin Age: 3 Days
Max Coin Age: 90 Days
1st Year Interest: 100%
2nd Year Interest: 50%
3rd - 15th Year Interest: 10%

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