I wanted to Talk about Proof of Weak Hands because I think most people don't realize what an amazing cryptocurrency PD3 really is. Firsts of all I was very skeptical until I came to realize That Pd3 has something uniquely different to offer the whole crypto space because holding PD3 coins earns you Ethereum. If you don't know whatP3D is, The following explanation is taken from the website.
"P3D tokens are ERC-20 tokens with a clever twist: Every P3D holder receives direct earnings in Ethereum every time that anyone else buys, sells or trades the token based on the amounts of tokens (in % out of total amount minted) held.
This means that as soon as you hold P3D tokens, you are continuously accumulating "free" Ethereum distributed to you on every transaction based on the amount of P3D tokens you hold on the exchange! This exchange and token is made better by the fact that the entire system is powered by an open-source Ethereum smart contract ensuring transparency, security and trust. "
I already know you are thinking Ponzi scheme but in reality its actually not a Ponzi. The way that PD3 works is simple, When you buy or sell you are taxed 10% and that money then goes to all the token holders of PD3. Its actually pretty genius. Like all cryptocurrency's the value of the tokens go up and down so like investing in anything its risky. The risk with PD3 is the same risk you encounter when purchasing any other cryptocurrency. You can lose money if new investors don't come in and people sell. So what is the difference between PD3 and Bitcoin as far as an investment? The use case for PD3 is that you get paid Ethereum for holding it without it being a Ponzi because the dividends you earn comes straight from the Volume fees. The value for PD3 comes from the fact that it has a very unique use-case. You buy and hold and get paid for holding all done on a smart contract on the Ethereum block chain without any human involvement. Think about it, what other cryptocurrency is programed to pay you? It also encourages reinvesting because the more you hold the more ETH you make.
The only problem this Proof of week hands at the moment is the fact that people are skeptical especially after bitconnect and all the other Pyramid scams. I believe that once people see the great potential of POWH3D they will FOMO big time.
I'm only sharing what I think to be a great project and as you know investing in anything is very risky. Please do your own research and decide on your own if POSWH3D is a good investment for you. Finally never invest more than you can afford to lose. The website link is below read everything and do your research.
https://powh.io/?masternode=0x0ba41c811c4c0a117f46d1df09e6a30a85873b94
@gaman is on the @abusereports blacklist for being a bad Steemian! Bad spammer, bad!