PoS-32 Community AMA


September 21

Project Questions

Question: Do you have prior experience running crypto projects or is this your first?

I have operated in the crypto space since 2016, initially just as a researcher taking an interest in the tech and then as an investor. Eventually I decided to take a step further and get involved with projects in various capacities. I have been involved in multiple multi-million marketcap projects, from those within the meme/low cap space to those launched as full IDO’s, particularly to help with product development and to guide with strategic positioning and general strategy. My involvement in these project has stopped for a few months now as I was keen to work on something myself. PoS-32 as this is now my own initiative and my full priority. But yes, I and our wider contributors have extensive experience in the crypto space.

Question: Are you working alone or as a team and are you dedicating all of your time to this project? Who are the other team members?

This project was my own initiative to begin with and what I dedicate all my time to, but in order to build what we have already built and what I plan to build to expand the platform in the near future does require additional development resources which fortunately I do have access to. Therefore from a development perspective there has been a contributive effort of multiple developers and this will continue to be the case in order to help us deliver on our milestones sooner rather than later.

For marketing and community management fortunately we have had the help of the community and some prominent partners who like what we are trying to achieve. All of this combined helps us cover all areas of the project and gives us the ability to really build and move forward.

Question: What is the value proposition for POS32 and what differentiates us from our competitors?

I am supportive of all projects that are trying to deliver value to their community. There are a handful of projects currently setup based on the ETH validator narrative and they all seem to be doing very well which is a positive for us as a whole. However where I think PoS-32 differentiates itself is in our expertise, transparency and scalability.

Expertise: We are initially building a solo node operation. We own the hardware, we run and control the nodes and we have access and knowledge of mechanisms through which we can really boost APR. We do not suffer from fees being taken or having to give up control of our ETH. All this is possible as we have the right expertise at hand and it is an important feature of any validator project.

Transparency: How are nodes being set up? What are the fees being taken from rewards? What are the security risks? Many projects or not very clear on these details, but our setup will allow us to be fully transparent on our operations. It is taking a little longer than we may like to get set up, but it will be well worth it in the long run.

Scalability: A project such as PoS-32 is dependant on how well it can scale to increase the number of nodes it operates and therefore the yield it can produce for its holders. Securing nodes through taxes is only an initial measure, a more innovative approach is required for scaling up the ETH we handle, the nodes we operate and the return we generate. This is our focus, this is what will make us far more competitive and what will really differentiate us from other. We have a number of initiatives we will put into action over the coming weeks and months all geared towards pushing more ETH into the PoS-32 Protocol and in each case the rewards will be going back to our holders.

Finally let us not forget given our current staking APY and marketcap we are severely undervalued compared to others.

Question: Would you consider operating a DAO setup to involve community for future decisions?

100%. I believe in the short term it is essential to move fast in order to keep momentum going and establish the project foundations. However once we have reached a certain level it makes complete sense to create a legitimate platform and allow the community to influence key decisions relating to the direction of the project.

Question: The website looks simple, will there be a rebrand?

The website may look simple, but there has been significant development work in the background through contracts and other web3 integrations and this is where the majority of the development time has been spent. I and other contributors continue to push every day to allow us to reach our next development milestone which I briefly explained in the previous medium article. This will be in my opinion what will really differentiate us from the rest. However as time allows we will certainly take time and attention towards ensuring our platform looks good cosmetically and is up to par with other high level projects.

Validator Questions

Question: When will the validators be ready?

We are building the hardware from the ground up for each validator individually, this is the safest option and ensures minimum downtime and maximum performance to ensure nodes are generating maximum yield and not incurring penalties. We aim to have our first two validators fully operational before the end of the week.

Question: Where are the funds for the node being held and is there any evidence that we working towards purchasing them and having them setup?

The funds for the node are held within the treasury for which the wallet address is 0x6903504f6d9c84b3d4a4f78Ac42337060a1f0AFD. We are fully transparent about this. We have evidence of purchasing hardware equipment to setup the nodes and are happy to share this, but it is a matter of a few days before our first nodes will be live. We are aiming to have everything fully live before the end of this week.

Question: How much ROI can we expect from one ETH node per year and is there a limit on the number of nodes we can run?

The annual ROI from a single node generally ranges from 4% to 6% depending on the type of node setup one opts for. Given the setup we have chosen we will easily be towards the higher end of this range. Furthermore there are ways in which it is possible to boost node performance and achieve annual ROI of close to 10% (will share more on this once our nodes are up and running).

Individually a node may not generate huge APR for our holders, but as the number of nodes under management grow so will the return and this is why node count is important for this type of project. This is why we are working on initiatives to secure more nodes asides from just relying on contract tax. Furthermore, each staker also benefits from receiving rewards in native POS32 tokens and also the general price appreciation of the token AND there is no lock, so your capital is liquid, which is important in the crypto market. All in all there are multiple growing streams of ROI for our holders which provide a constant backing to the token value and consistent returns for the community.

Tokenomics and Contract Questions

Question: Will the liquidity lock of 3 months be extended?

Yes, we will extend this to 6 months to 1 year shortly.

Question: When will the 5% of locked tokens be unlocked?

These tokens are currently locked for 1 month. At the end of the month we will review the need to leverage token supply to bring in further partnerships and help drive the ecosystem forward. Once again, PoS-32 was launched with no private sale or pre-sale, we did not sell the supply for cheap pre launch for early investors to dump on you. However, now the supply we do hold is a powerful tool to help bring in the resources and partnerships we need to really increase token value.

Question: Have you considered lowering taxes?

Yes, I understand high taxes can certainly put investors off particularly when the marketcap grows, however it was initially important to help us secure funding necessary to build the foundations of the projects. Everyone must understand there was no private sale or presale and PoS-32 was entirely self-funded. However we have now secured two validator nodes and some additional funding which means we are certainly here to stay. As such, the slightly higher taxes have done their job and we will look into reducing taxes. It maybe sooner than you think!

Question: Will there be a contract audit?

Yes, we are already in touch with some mainstream auditors in the space and will likely go ahead with Techrate to complete our token audit very soon.

Keep up to date with all the latest updates through the POS32 social channels linked below.

Telegram (Announcements)
Telegram (Community)