When someone purchases or sells a PoWM token, 20% of the buy/sell price is split by the total number of tokens and given as locked-in dividends (priced in Ether) to all previous buyers based on how many PoWM tokens they own.
20% of every buy and sell will be rewarded to token holders. Strong hands will be rewarded through every crash and pump. The smart contract, unlike other schemes, will allow you to directly convert your dividends back into tokens, increasing your ability to earn more dividends.
Seriously, no self destruct, no exit scam. This contract will fluctuate in price and pay out dividends until the Ethereum network dies. At any time, you can sell your tokens back to the smart contract for the current price, or withdraw/convert the dividends you've accumulated!
A: Yes, PoWM Tokens are built on the Ethereum blockchain. They have no value outside of engaging in the EP game with our Math Robot though and you SHOULD NOT consider them a real investment or asset class with any intrinsic value OF ANY FORM.
A: Yes, there are several variations of ponzis, pyramids, and other schemes; PoWM is the next step forward with convertible dividends and 20% redistribution on sell.
A: Yes. Our developer team put a lot of time into refining and testing this contract to make sure your tokens are safe. Internal functions of the contract are not accessible to the end user.
A: You need to install MetaMask and also need to buy some Ether (ETH), probably from something like Coinbase.
A: We're hurt that you had to ask. No, there is no way for any participant to withdraw the Ether of any other participant.
A: Every time somebody buys or sell an PoWM token, the price changes - 0.2% higher upon buy, 0.2% lower upon sell. If you keep your tokens where they are, you receive 10% from every buy OR sell transaction based upon your current share of tokens. You can convert your current token stash into Ether where it will sit in your dividends pool - your dividends are stored in ETH, not in tokens, so their value remains stable (as long as the ETH price itself remains stable.) However once you've converted your tokens, you won't be gaining any dividends - and if you want back in you'll need to either purchase more or simply convert your dividends pool straight back into tokens.
A: Our system mitigates the risk of fast dumping by penalizing sellers for doing so. If there is a sell off period, you will still be collecting dividends, as well as gain a larger portion of the total token market share in the process. If a buy/sell cycle occurs, the token holders will still collect dividends off the sales, in addition to gaining a larger portion of the total token market share in the process. This way, those who attempt to time the market and perform swing trades; selling high and re-buying low, will be risking a lot - and losing out on soaking up all those precious dividends. If you'd prefer to sit back and play it safe you will profit off of the madness of the greedy whales and weak-handed alike.
A: NO. You most certainly should not be putting anything you can't afford to lose on this. PLEASE do not consider this to be anything other than what it intends to be: an insane proof of concept turned global prisoners dilemma. It is a joke, and should be treated as such. Do not put anything in here that you are not immediately willing to treat as lost.
A: Nothing. Seriously. Pyramid schemes are, by definition, a zero sum game. The risk is entirely yours. Tread carefully. Good luck and have fun! And remember, it's internet monopoly money. Don't do anything you'll lose sleep (or your family) over.