Member Article

Cryptocurrency, POW, launches giveaway round for Twitter users

POW, the free digital currency, fresh off the back of its Facebook Airdrop in October opened the door for a second giveaway round through Twitter last night. The team behind POW aims to tap into another huge social media platform and dominate the numbers game in Cryptocurrency launches. The launch which was announced through the POW Twitter account was seemingly a success, we are yet to hear updated numbers but claimants were finding the website slow with attempted logins from around the world sapping bandwidth. There are still free POW tokens to claim through both Facebook and Twitter logins on the site. (www.powtoken.com)

POW originally launched on 3 October 2017 and was given away for free to anyone with a Facebook account, at time of writing it has 47,000 claimants from the Facebook airdrop alone - these users are already sharing the token amongst friends over a thousand times per day.

The team expects take-up and sharing of POW to continue to boom as it integrates with Twitter and other platforms further down the line.

Currently, POW holders can exchange the currency with their Facebook friends. Twitter users will be able to share it amongst any of their followers, so long as they have also claimed POW, facilitating the viral exchange of the currency on a much broader scale.

The first person to claim POW on Facebook has 10 billion units - currently valued at $650K (£500k). The first person to claim via Twitter received a bonus 150m POW, worth $10K at the time of writing. Facebook claimants were able to claim an additional allowance via Twitter. There is no block on users that already have an allowance so long as accounts are valid.

Thus far, over 110 billion POW has been distributed, with a total value of around $7m. There are plenty of POW tokens still available to anyone wanting to claim theirs. In fact the more people claim, the more it’s worth, the aim is to build this virality and when the tokens become fully tradeable (the website is claiming December) across the usual channels, there will be one of the world’s largest communities of crypto ready users.

Simon Wajcenberg, co-founder of POW, said:

“While Facebook has a phenomenally large user base, it’s relatively closed off in terms of users’ networks. We see Twitter as a more social platform with more shareable content and lots of opportunities to engage with people you don’t know directly.

“POW has had a remarkable first month and we want to keep growing our user base. Whether they want to share and spend it on a daily basis or check on it in five years for a pleasant surprise, POW is a risk-free investment for anyone. Our goal is for everyone who owns POW to be able to spend it in stores, exchange it for other currencies or hold it as a potential nest egg.”

NOTE: All valuations are based on market price at time of writing. For more information visit www.powtoken.com and Twitter - @powtoken .

This was posted in Bdaily's Members' News section by Hunter .