PoSToken — World’s First PoS Smart Contract Token

In the world of crypto currency, Proof-of-Work(PoW) and Proof-of-Stake(PoS) are the two most important algorithms, although more and more algorithms are being proposed. Bitcoin is the first p2p crypto currency and is also the first crypto currency to use Proof-of-Work algorithm. Soon after, Peercoin was created in 2012 and is the first implementation of Proof-of-Stake algorithm. In simple terms, coin holders can earn some extra coins just by holding some coins for a period of time in the Proof-of-Stake system. To ordinary users, this is the biggest difference between Proof-of-Stake and Proof-of-Work. Now, PoSToken first implements the Proof-of-Stake mechanism as an Ethereum Token. Holders of PoSToken can get revenues by holding PoSToken for a period of time. It works the same way as Peercoin and any other coin with Proof-of-Stake algorithm do.

POSTOKEN 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 every holder can earn some extra tokens just by holding PoSToken for a period of at least 3 days, greater than or equal to The Minimum Coin Age.

Furthermore, the idea of PoSToken is not only to issue a simple Ethereum Token with Proof-ofStake 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, we call it PoSTokenStandard, which is like the ERC20 standard. PoSTokenStandard is a new Token Standard devised specifically for issuing Proof-of-Stake tokens and maintained by PoSToken Dev Team. Although it’s an unofficial Token Standard, we will do our best to build an entire and healthy ecosystem based on PoSTokenStandard. A series of services and applications that use PoSTokenStandard will be created in the near future. This future of Proof-of-Stake tokens starts here and we believe that a new era of Crypto Tokens is coming.

Website : https://postoken.org/

CloudStack CLSK Token

CloudStack (CLSK) token has been designed based on ERC20 standard set aside by ETHEREUM cryptocurrency community. CLSK Token were developed with a staking capability based on certain criteria.

This way everyone who own a minimum 600 CLSK on their COINBASE cryptocurrency wallet will get their reward paid via generated token upon staking maturity. Based on the design, staking maturity will be once every 6 days upon the quantity of token hold.

CloudStaking is the process your wallet interact with cloudstaking management server for uses to validate transactions and award you with tokens. When your wallet is staking, the cloudstaking management server will checking transactions to make sure everyone who sends tokens actually owned those tokens and had the right to transfer them. If most of the wallets online agree and the cloudstaking management server acknowledge that a transaction is valid, then it gets accepted by the network.

Token age is the age of your tokens. Imagine you get a new wallet and start out with zero tokens. On Monday, your friend sends you 5,000 tokens. On Wednesday, you decide to buy 10,000 more tokens and deposit them to your wallet. Assuming it’s Thursday, you’ll have two groups of tokens. The first group of 5,000 has 3 days of token age, and the second group of 10,000 tokens has 1 day of token age. When tokens are sent to another address or successfully stake (generate reward), their token age is reset to 0.

You can send CLSK token to everyone who own a verified standard ERC20 wallet with a simple action, just need the recepient ERC20 certified wallet address.

No matter where they lives, it will be a matter of minutes before the token arrived on their wallet with little cost/fees.

This will bring a fast and efficient method for a future International cross-border fund transfer.

https://thecloudstack.org/?u=PIERRE