PosToken is the world’s first Proof-of-Stake smart contract token on Ethereum platform. It’s an ERC20 Token which follows the ERC20 Token Standard and implements all standard methods.
PoSToken first implements the Proof-of-Stake mechanism, meaning that holders of PoSToken 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.
PoSToken is the first implementation of PoSTokenStandard, a brand new unofficial Ethereum Token Standard, which is defined in the code of PoSToken and is devised specifically for issuing Proof-of-Stake Tokens. PoSToken is just a start of Proof-of-Stake tokens and the PoSTokenStandard will help developers issue more PoS tokens in the future. That’s the real purpose of PoSToken. We believe that a new era of Crypto Tokens starts here.