This POWH3D exchange was launched in February 2018.
Yes! You can install Cipher on iOS or Cipher on Android and enter your same seed words from Metamask to have full access to your metamask account on mobile!
A smart contract is a set-in-stone piece of programming language that was submitted to the Ethereum (Eth) network upon launch of our token. The smart contract handles all Eth and tokens autonomously without any form of human input, and its calculations and functions are confirmed across thousands of computers across the world before they are run.
The only features the developers can edit on the contract are the name of the token and the price of the masternode feature.
The development team intentionally did not program in a way for them to access the Eth or tokens in this game. It is run entirely 100% autonomously by the code you can read open-source on the smart contract. No humans are allowed to intervene. Period.
P3D Tokens are managed entirely on the smart contract, the purchasing process creates the tokens and puts the funds directly into the contract. The selling process melts those tokens down and returns the funds to the seller directly. Because of the unique way that this process works, the token can function under unique rules not possible on other cryptocurrencies.
P3D Tokens operate under a perfect economic simulation in which all transactions (buy/sell/trade) are taxxed 10% automatically. Since the smart-contract operates its own exchange and the token is autonomous, these fees are automatically split up and rewarded to all token holders instead of a centralized governing body. Simply put, each token grants you a stake of 10% of all volume the cryptocurrency experiences.
By any definition, P3D is neither a pyramid or a ponzi. That's the point, it's the literal reverse of what every lending platform says. They claim to be real but are a pyramid. We satirically claim to be a pyramid but in fact are a complete legit cryptocurrency that is ironically one of the fairest and most distributed to date.
An understandable question given there are a lot of scams in cryptocurrency. You are probably familiar with scam-like operations like Davor and Bitconnect. The important thing to remember is that:
In short, this P3D exchange is not fradulent in any way. This is a unique exchange powered by a smart contract which taxes all transactions (buy, sell, trade) in order to pay out earnings to all token holders! The developers keep no extra fees beyond the tokens they themselves hold.
However, that doesn't mean using this exchange doesn't have inherent risks as explained below.
Nothing is guaranteed, and doubly so in cryptocurrency. Everything you do in this space requires careful attention and healthy skepticism. In the case of P3D, here are the major risks when participating:
Those are the three major risks for participating. Make your own decisions on if you think it's worth trying!
P3D tokens have a 10% transaction tax applied when any transaction of a token occurs. Yes, this means 10% tax is applied to your tokens anytime you buy, sell, or transfer them. Sounds like a lot of tax right? The only notable exception is that dividend withdrawals are not taxed.
This is actually the best part of this token! These taxes are why holding onto P3D tokens means you are constantly being distributed "free" Ethereum every single time any other user of the exchange buys, sells or transfers P3D tokens. This means (when the exchange has transactions), you are waking up to free "earnings" directly in Ethereum. Many users report receiving 0.05-2% in earnings on a daily basis (again, your mileage may vary, this entirely depends on transaction volume and is not at all promised anywhere).
Earnings are especially awesome because their value is not determined by the value of P3D tokens. The earnings distributed are sent to token holders 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 no one can take these earnings away from you, they are entirely yours to either reinvest (convert to P3D), leave on exchange to accumulate, or withdraw to your wallet to keep! The choice is entirely up to you!
Remember: These dividends paid out to you are yours no matter what happens to the contract or the price of the tokens. Even if the value of the tokens plummet and everyone pulls out their money, that will only increase your earnings since you get them on every single sell.
Re-investing means that you are choosing to take all your Ethereum earnings (dividends) and exchange them all for additional P3D tokens. During re-investment, an additional 10% buy tax is incurred as with all transactions. In this way, reinvesting your tokens increases your holdings, thereby increasing future earnings. Think "compound interest".
To reinvest at any time, click "Reinvest" on the purchase tokens page. Setup your metamask transaction (which should show ETH 0 + GWEI) and then hit "Send".
Visit the sell tokens page and choose an amount of P3D to sell. Once the transaction has been processed, the ethereum value of the sale is put directly into your dividends. You will then need to withdraw dividends to transfer the Ethereum to your metamask wallet. In short:
Note that dividend withdrawals are not taxed. That's all there is to it!
If you bought enough tokens for a "masternode", you can share your masternode referral link with others to get bonus earnings. For every buy directly purchased from someone that clicked your masternode link, you get an extra 3% of the buy-in price. For example, if a friend buys 10ETH from your masternode, you make 0.3ETH in earnings instantly!
You are not able to use your own masternode to buy using the same wallet. If you try to buy from your own masternode with the same wallet address, the 10% tax is split to everyone as if you didn't use any masternode at all.
Masternodes are only used for buys and are not used for any re-invests. If someone buys using your masternode, you will get credit but any future re-invests do not run through your masternode.
If the main exchange is too slow or inaccessible, you can access this official backup exchange anytime. This backup is simpler but allows you to access all the major functions on the same exact contract!
Every time a new user purchases a token, the value of each token increases very slightly (+10 gwei). This means that as people buy into the exchange, your P3D tokens are worth more and more Ethereum. However, as people sell their tokens, the value of each token you hold goes down (-10 gwei). The value of the tokens is determined entirely by the smart contract, based on the number of tokens issued.
The current circulating supply of P3D can be checked here on Etherscan. The supply is increased automatically as Ethereum is exchanged for P3D on the exchange and can grow to be as large as the demand for the tokens.
Go to this handy utility and check the "Aggregated Token Holder Statistics" or check a graph of your profits by going to this website.
Yes, for full transparency, the balance on the holdings page already accounts for the 10% sell tax. Meaning that you can withdraw whatever amount is listed there in full on the sell tokens page.
Buy all your POWH3D Merchandise at powh.store!
When checking the contract, you'll notice many transactions are listed as "0" ethereum. This is because any action on the contract except "Buy" (e.g. Sell, Reinvest, Transfer) are require 0 ether transactions to execute the command.
