Airdrop

Nov 02 2017

POW Token – Another Airdrop Coming!

Quick post here for y’all…

A couple weeks ago, we told you about the POW Token Airdrop. It built some serious momentum but, as all things like this tend to do, petered out just a little. Plus, the value of the tokens seemed rather inflated, and they’ve come back to earth. But now, the folks behind POW Token are ready to roll…

This next airdrop moves beyond Facebook to Twitter. (You can even do some “retweeting” while you wait for the next airdrop – great way to earn tokens!)

Here are the instructions:

First of all, GET SOME POW TOKENS. Use this REFERRAL LINK if you haven’t already scored some: POW Token Link.
Follow them on Twitter: POW Token on Twitter.
Start checking back repeatedly on NOVEMBER 7, when they’ll tell you to log in using your Twitter credentials. The earlier in line you are, the better off you are.

This project will go as far as the network they build, so let’s spread the word!

Oct 11 2017

Getting Started (Redux)

Several weeks ago, we posted a few ideas to get you started with cryptocurrency. You know, Bitcoin, Ethereum, and some of the other coins and tokens that we discuss on this here forum.

We thought that we’d spend some time today revisiting that idea: How Do You Get Started?

Our goal today is AN ACTIONABLE LIST. A few things to possibly whet your appetite.

We have a few ideas below – and, since this continues to be an experiment, some of the links are going to be different from the last time we did this. As usual, we’ll include a few AFFILIATE LINKS with this post (so we may be compensated if you take some sort of action, like signing up, buying currency, or investing) and we’ll be as blatant as we possibly can when we share one.

Let’s begin.

An Airdrop and This Will Cost You NOTHING

We talked about this “airdrop” last week and it’s still going on. Here’s a link to the POW Token webpage. Simply put, you sign up with your Facebook credentials and the token creators give you a bunch of tokens (or coins).

We have been asked “Why Are They Doing This?” and the best answer to that is that there’s value in a widely distributed network. While the creators make some…interesting…claims on their web page, there is something to the fact that a network with a million people using its product will be much more valuable in the long term than a network with just 30,000 users (which is where it stands today).

For now, think of this as a Western US land grab, and you’re putting stakes in the ground and hoping that it becomes fertile farmland in the future.

Coinbase – STILL the Fastest Way to Get Started

This one will cost you money, but one of the beautiful things about Coinbase (AFFILIATE LINK) is that, for Americans at least, there’s a decent amount of seamless integration between traditional banking and this new economy. The AFFILIATE LINK gives you a $10 bonus (paid in Bitcoin) if you spend $100 on any combination of the three currencies they offer (Bitcoin, Ethereum, or Litecoin). (And once you join in, you’ll get your own link and can invite others yourself and possibly be compensated…which is cool with us.)

Trade Coins on an Exchange

While there are a few established exchanges that we’d suggest – Bittrex, Cryptopia (AFFILIATE LINK) and Poloniex are three that we currently use – you should also consider signing up for one of the newer exchanges, too.

Altcoin Exchange (AFFILIATE LINK) may very well be lucrative for you – we know that other exchanges that started this way (through referrals) compensated their early adopters rather richly. Use our AFFILIATE LINK over there, and then start referring others yourself as you see fit.
WCX (AFFILIATE LINK) is another one, with an ICO coming in a few weeks.
COSS is brand new. Not an affiliate link, but we do like the fact it’s based in Singapore and has developers throughout the world.

Passive Income Platforms

Yes, we have been talking A LOT about Passive Income Platforms, or PIPs, that can help you profit with limited amounts of effort. We currently recommend two of them – that’s not to say there aren’t others that are worth your time and investment, but these are the two that we (1) have experimented with and (2) have not let us down.

DO YOUR OWN RESEARCH! Seriously, with any of these, your coins could end up in a black hole of nothing. Don’t invest more than you can afford to lose.

Bitconnect (AFFILIATE LINK) is beautiful, we think, because it is backed by an actual coin, one that has a large market cap (as of this writing, around $1 Billion). The odds of it disappearing are small.
Bitpetite (AFFILIATE LINK) acts more like a mining platform, in that your “investment” will not be returned to you. However, we now have a nine-week track record of daily payments from the site; note that payments are larger during weekdays than weekends.

An Actionable List?

That’s our hope. You can spend a couple minutes on the first one and it costs you nothing, then, if you’re ready to invest some real money, you can consider trying the other ones out.

In any event, don’t invest more than you can afford to lose…once you get started in this world, it might get a little addictive.

Oct 05 2017

Airdrop? What’s An Airdrop?

One of the tactics that creators of cryptocurrencies use to get people on board is called an “airdrop.” Put simply, they look for wallets (or some other means of ensuring that you are you) and drop coins or tokens into that wallet.

We’ve heard of them before, and we’re really really new to the airdrop world – but…well, this one we stumbled upon sounded like it was worth our while.

So, together, let’s learn how an airdrop works, and watch one in action.

POW Token Airdrop – Still Ongoing!

You, too, can take advantage of this one; while early adopters got on board and got huge amounts of coinage, the token creators here claim that the value of what they’re giving away is still close to $100 US.

This one is really easy to do: all you need is a Facebook account.

Here’s how it works…

Step One: Go to this Link

POW Token is where you can get started. You’ll see a screen that looks like the above, except the number of POW “lite” you’ll receive will be lower than what’s listed here.

(We’ll talk about the math behind this below.)

Step Two: Click on the “Login with Facebook” Button

The key here is that your Facebook must be locked down pretty tightly. If you’re using free Wifi at the mall, you’re probably going to get hacked. And that *could* lead to someone taking your tokens away.

Accept the terms, which are pretty straightforward.

Step Three: Wait Patiently

Now you should have a large amount of POW “lite” tokens. Cool, huh?

But…are they gonna be worth anything?

The Math

If the above chart and graph and nutritional breakdown of POW Token looks a little confusing, here’s what’s going on:

They started the process with a total supply of in excess of 231 BILLION tokens. (Wait, does that mean that your tokens won’t be worth much? Stay tuned…) Then, they used a very simple formula that 10 billion by the place you held in line. The first person in line received 10 BILLION TOKENS. (We tried, they had some technical difficulties, we had to wait 2 and a half hours, and we still were in pretty good shape.) So person 2 received 5 billion tokens, person 10 received 1 billion, and so on.

But they have capped the total supply: no more tokens will be made.

Valuation? Well…

In that chart above, they claim a valuation of .00000325 ETH per POW. At the above prices, that’s pretty generous, as the entire network would then be worth $221 Million. And the person in the front of the line is officially loaded.

Except, in the chart at the very top, they use a different calculation: $0.0001 per token ($91 and change divided by the 950,000 or so tokens).

And What IS This Thing?

Yeah, it’s starting to make a little more sense. They need a system that’s faster than Ethereum, and one that enables mass market adoption and rapid peer-to-peer transactions. POW may end up doing just this. But they can’t get people to use it if people don’t have it, thus the airdrop.

It’s going to take a little time for this all to happen, though – the website tells us December is when we’ll start to see some real activity.

Til Then, Stay Tuned

And go claim your tokens, will ya?