Think P3C, Think Planetary Scale
Meeting P3C.IO
A few months ago, I stumbled upon this site called P3C.IO and have stayed there ever since. I am indeed one of the earliest adopters for this platform or investment scheme you would say because I find the core system that runs the investment rather intriguing and I saw a lot of potential in it. I hopped into their discord server and was greeted by the friendly team. I spoke to a few of them and I fell in love with their vision.
Their core vision for P3C.IO is to allow the common man earn passive income. It is pretty straight forward that once you've invested Ethereum Classics to purchase P3C Tokens, all you have to do is stake it and you'll reap the crops daily. Though it can get pretty technical, I will try my best to lay out the core system for you in a more layman's term so you'd understand what this system is for the long term and the vision that comes with it will make it even possible.
Getting to the CORE of P3C.IO
- When you purchase p3c tokens, 10% of ETC used to purchase will be distributed proportionally to all existing p3c token holders.
- The more p3c tokens you hold, the larger stake in dividends you obtain from that 10%.
- Every p3c tokens you purchase increases the p3c global price by +0.00000001 ETC. (Currently 1 p3c = 0.01 ETC)
- If you choose to sell your p3c tokens, you will get back ETC immediately at the current p3d token price and the p3c global price goes down by -0.00000001 ETC.
- 10% of the sale of your p3c tokens will also be distributed to all existing p3c token holders.
Current Market Cap and Total P3C
Tip : The secret is going long term, stake your tokens and hold them but never be afraid to sell them when you need the extra cash in hand.
Is this safe?
What if the developers cash out and runs away (exitscam)?
As p3c runs on the ETC Classic smart contract, it is managed by computers and not humans. Hence, once the contract is hardcoded, no one can interfere/modify it. That means developers cannot hack and exit scam your funds. Anyways, the dividends you get from holding p3c tokens are 100% liquidated in ETC and you can withdraw at anytime.
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. - https://ethereumclassic.github.io/
P3C.IO smart contract has been audited and certified by Callisto Network.
You can have a look at the audit confirmation here : P3C Smart Contract Audit
A Catalyst to your Investment
The Rainmaker
The Rainmaker was built as a Smart Contract Virtual Bot to provide a baseline for the p3c ecosystem. This bot's main purpose is to continuously reinvest every dividend it gets so every token holder will benefit from it. This bot cannot sell, transfer or destroy its tokens. Currently, P3C has moved to a new smart contract (final contract upgrade - will talk more about this later) and the team has pumped in another 50,000 P3C tokens into the Rainmaker. As the Rainmaker continually grows, so does all our dividends as stakeholders.
Start my Investment
Before I start explaining about how to go about this, I hope that you have a little knowledge in trading because you will need to use exchanges to trade for Ethereum Classic to be sent to your Saturn Wallet. I personally use Binance for my ETC Purchases. You may also use other exchanges that has Ethereum Classic Listed.
- You will need a Saturn Wallet on your Google Chrome which you can download here.
- Make sure that you disable your metamask from your google chrome if you have metamask installed too.
- Click it and Register a wallet.
- You will be given a Seed Phrase which YOU MUSN'T LOSE.
- The Seed Phrase will help you recover or retrieve your wallet account back whenever you switch devices/reinstall the Saturn Wallet.
- Copy your Seed Phrase on a piece of paper, store them somewhere that's safe, treat it like your bank account.
- Once you're in, make sure you switch your network on top to 'Ethereum Classic Network'.
- Deposit ETC into your Saturn Wallet.
- When you're done, you can head over to the p3c.io site.
You have to be log on your Saturn Wallet to be able to use the site. Once logon, you are greeted with a simplistic ui and a pretty straightforward one at that. Just head over to BUY Section and key in how many ETC you want to spend.
Take note that selling is also straightforward and you can sell at any point of time as well as withdraw your dividends whenever you want.
Watch this space!
In days to come, I will be explaining more about the team's roadmap and developments. We have just recently transitioned to the new contract (Last Upgrade for perfection) and there are MANY benefits that come with the new contract. Until then, I will leave this sneak peek here :P
Other Links :
P3C Wiki - P3C Explained
P3C Discord Channel - Come Join meet the team and ask questions.
Thank You
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Posted from my blog with SteemPress : http://zord189.vornix.blog/2018/12/08/think-p3c-think-planetary-scale/
Oooo, intriguing! Thanks for all the great info, @zord189 and I might just take a peek at P3C some time soon. Right now my brain is kinda like...
via GIPHY
ETC now is super cheap so maybe you can think about investing into buying some P3C tokens. Seriously, I get dividends daily. :D
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Ah yeah I checked into this a little while back, may have been you or Raymond mentioning it. Looks interesting, I was invested in etc until recently. Curious to see what happens with etc in the future as it was undervalued for sonlonh, given the price of Eth.
It's time to invest into this, though it is NOT a FINANCIAL ADVICE :P But yea, we have big things line up
The smart contract is place, but they can upgrade it? That doesn't seem to be in the spirit of smart contracts. How do you know that they will not upgrade it so that you lose all of your money?
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They moved to a new smart contract. They didn't/can't modify the old smart contract because well, it is a smart contract. They decided to tweak a few things to make the system even more perfect and we just shift our tokens over.
well, it has been certified by Callisto Security Network, go check the github and you'll know. However, do ur own research. You can even check the contract urself if you're skeptical and see that they can't take your money and anyways, your divs are paid in ETC which can be withdrawn anytime.
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So personally, you find this a worthwhile research topic for people wanting to early adopt? I am always looking into more ways to make money online in the medium to long run and it sounds pretty interesting and maybe worthwhile.
Oh yea, I believe this system/investment will go far. This is just my opinion though. :) So always do ur own research first. Maybe you can join the discord channel first? At least u get to meet the team. @thegoliath.
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