POSYA Is A Proof Of Stake (POS) Token Where In You Can Hold The Tokens In ERC-20 Wallet And Receive The Stakes Of Our Mining Operation As Per The Coin Holding. Staking is a distributed consensus system that is used to confirm waiting transactions by including them in the POSYA blockchain. It enforces a chronological order in the POSYA blockchain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptography rules that will be verified by the network. We as a team are developing the best mining facility which would provide returns to the investor for staking the coins in the ERC-20 wallets. Initial investment raised through ICO would be used to develop infrastructure, buy mining equipment and hire the best teams to run the most efficient and profitable mining farms. Scalable in nature, POSYA team is focused for a long term solution in the field of mining. From the mining proceeds, ETHER would be distributed to the investors in a periodical manner. Investors can choose the smart contract period for the staking the coin. Once the contract is in place, the returns would be distributed to the investor starting from 3rd Month of token sale completion. Longer the period of the smart contract the more the benefit to the investor. POSYA tokens would only be distributed through the ICO and unsold tokens are retained within the company for future use. Once the token sale is complete, the coins are distributed to the investor’s ERC-20 compatible wallet. For an investor to receive the profits in their ERC-20 wallet, POSYA tokens have to be in their wallet for the stipulated time mentioned during the contract. In any case that the investor breaks the smart contract by moving out the tokens, the smart contract terminated instantly. This practice makes POSYA coins more valuable to the community and also creates confidence to the investor to hold the coins in their wallet.
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