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Showing posts with the label Proof of Stake

Paybase Set-back

Paybase, the Paycoin platform for the use, purchase, and selling of XPY. Recently, the launch of GAW's Honor Program was to be released on Feb 1st, 2015. However, this was set back by an amount of time TBD (which i hope is disclosed sometime in the near future). GAW has made no statements about the completion of the launch for this program as of yet, and has a lot of users, even long time customers are selling off and quitting on GAW. I personally have had to sell off about 300XPY to make good on some of my investors, however i still hold over 200 XPY on the off chance that the launch happens in the near future and the $20 floor is upheld. The running price of 1 XPY is approximately $1.06 at the time of writing this. I'm not sure how this floor will be upheld, or the time frame they're shooting for to have this accomplished. Hashbase, the zenminer platform with a new face has had no update for a good deal of time. Many members have questioned GAW / Josh Garza with ...

Paybase

PayBase is the platform launched by GAW,  a platform that is created for transactions and services with XPY(PayCoin - the coin developed by GAW). XPY, The Coin I just want to take a moment to address XPY as a coin. I think what GAW is trying to do with their coin is an excellent concept, brining it to mainstream consumers. One way they said this can be done is the spending it at large online merchants which is a good start. One of the reasons they thought brining crypto to the masses is building the XPY floor. What they mean by floor is the minimum price of their coin (stated to be $20 USD), making it's volatility very little, or non-existent. GAW has dropped the ball for keeping the floor, the coin being averagely around $3 USD. I'm not saying that it will never get to the level,  however, i don't think anytime soon. Current Features Currently, PayBase allows users to store their XPY(PayCoin) in PayBase , and buy/sell XPY. It has an internal market tha...