POW Ecosystem — an EOS blockchain platform that works like a perfect economic simulation. Tokens are easily generated and burned, and dividends are accrued to all holders. It is a rational system that does not require human control. Each placed order triggers a smart contract that completes the transaction. The result is written to the blockchain and remains unchanged there.
Contents:
- Brief description of the POW Ecosystem project
- Other features of the dapp application
- Why should you use POW?
Brief description of the POW Ecosystem project
Unlike cryptocurrencies like Ethereum or Stellar, the POW Ecosystem has not been pre-mined. Instead, they are issued locally, based on current demand. If you place an in-app purchase order, the required amount of tokens will be minted immediately by the smart contract. This means that the administration of the ecosystem does not initially have a large stake in the platform, as did the creators of other digital assets. There is no risk that the creators of POW will at some point "dump" their tokens on the market, which will lead to a drop in the price. Likewise, when you sell your POW to the platform, they are instantly burned and not accumulated by admins or anyone else.
The developers provide a White Paper document, where you can study all nuances of the project and the rules of use. There is also a blog where news, regarding the platform, is published. There is currently no smart contract audit.
Other features of the dapp application
Each buy or sell transaction causes a change in the par price. This is also done automatically, using a special formula. The nominal price always corresponds to the amount of POW in circulation. The marker can be neither "oversold" or "overbought". To provide a connection with the general digital asset market, the developers introduced a second token, POWx, also built on EOS.
Benefits of the POW Ecosystem project:
| Built on EOS | Maximum speed, scalability and advanced smart contracts - EOS is the best choice for dApps. |
| Zero commission | The EOS network does not charge any fees - you only pay 1% when you transfer POW. |
| Complete transparency | All transactions in the ecosystem are carried out under a smart contract and are 100% verified. |
| Referral system | Invite new users and get a good percentage of dividends from their transactions. |
The mathematical algorithms behind the ecosystem have been carefully calculated to ensure long-term stability. The system can work indefinitely without any participation from the administration. This confirms the integrity of the project. POWx functions as a loyalty token. When you buy a POW, 1% of the purchase price goes to you in POWx. The conversion rate between the two: 1 POW = 100 POWx. The two types of tokens can be freely converted into each other at any time.
Why should you use POW?
In the POW ecosystem, you earn dividends every time you or other users buy, sell or transfer POW tokens. How much you earn depends only on the size of your bet. The smart contract uses a sophisticated pricing algorithm to prevent surges in volatility.
The decentralized app helps to do everything you need to do in just a couple of taps:
- buy, sell, transfer and convert tokens;
- track your dividends and referrals;
- withdraw earnings.
The platform has a referral program. This is one of the quickest and easiest paths to higher income. When someone buys a POW from your link, you receive 30% of the total dividend. Subscribe to the telegram channel, twitter and facebook to stay up to date with all news.