Are you in the game?
Proof of Weak Hands is the most popular dapp currently ran by Ethereum smart-contracts, according to dappradar.
There is no middle man, your transactions are managed by smart-contracts, hence the word decentralized.
The way it works is that each time there is a buy or a sell, 10% of the transaction is placed as a fee and is rewarded to the other token holders in the form of earnings.
The application is based almost entirely on human emotion, most of the value is driven by if you are able to hold long enough, or if you have weak hands.
Even though the idea of supply = value makes it easy for the price to increase, there will times where the price experiences some form of correction. Recently, Proof of Weak Hands experienced its first major price drop as indicated by the chart above.
The great thing about this though is that it was caused completely by weak hands, and human psychology, rather than a fundamental change in the application.
In times where the market is being driven down by low volume, Proof of Weak Hands can be a great hedge against all of the top coins dropping.
That doesn't mean that nothing bad can happen to this platform. There is a possibility of there being a bug in the code, or it being hacked by outside forces, so if you do decide to play the game play at your own risk.
Thoughts on Proof of Weak Hands? I'd like to hear your feedback, positive or negative it doesn't matter.
Disclaimer: (I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.)
