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.)
nice blog keep it up
Thanks, I will!
Good article. But there are some things that are very concerning about powh. The fact that this is the 3rd time around(the previous two were hacked with funds stolen) and many question if it's just another Ponzi. While I definitely like the idea of it, those red flags are what keeps me away from it.
A GOOD ONE!!!!
This post has received a 1.59 % upvote from @booster thanks to: @marcopagan.
Congratulations, your post received 15.87% up vote form @spydo courtesy of @marcopagan! I hope, my gratitude will help you getting more visibility.
You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.
Congratulations @marcopagan! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Congratulations @marcopagan! You received a personal award!
Click here to view your Board
Congratulations @marcopagan! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!