Pennykoin Voting on Tokens.net
Pennykoin has been added to the Voting on Tokens.net.
What is Tokens.net
It’s a new gen exchange based in London, UK. As such it is in regulated environment with renowned management and backers.
The CEO or Director if you wish (since its a UK company) is Damian Merlak. For those who don’t know him, he is the co-founder of Bitstamp one of the most renowned and trusted Bitcoin exchanges in the world. Bitstamp was sold this year for around $350mio where estimates point at Mr.Merlak bagging around a cool $135mio.
The main drive for establishing the Tokens.net exchange was in changed crypto landscape and approaching new territories. Bitstamp didn’t take ERC20 tokens nor it wanted to list small projects. Their target are very well established projects. Tokens.net wants to do the opposite. To be very much flexible and search the opportunity also in small community driven projects. Hence the opportunity for Pennykoin to list on the Tokens.net exchange.
Listing on Tokens.net exchange will give Pennykoin a very solid platform which is in its early stage but has a bright future and I am in no two minds about the future growth platform will have and reflect on Pennykoin value.
How Tokens.net Voting works?
Tokens.net have come up with a bit different way of community voting.
They have set their voting in rounds. Each round lasts for about 5 days. The coin on the top of the waiting list at the end of each round gets automatically listed. No additional requirements. You are first, you are listed. All coins are checked before getting on the list, so no additional check after the win.
The voting is done by their internal token DTRV.
DTRV was airdropped to active users and they don’t plan to issue any airdrops anytime soon. DTRV can be bought on Tokens.net via their DTR token (https://coinmarketcap.com/currencies/dynamic-trading-rights/).
It’s a 2-step process, but with executing BTC to DTR to DTRV trades you will get the grips with how Tokens.net works. Since you will be using it for trading Pennykoin that’s a must step to do anyhow.
Below I have written a step-by-step tutorial on how to cast a vote. Please since the exchange is in UK and adheres to local laws check that you can use the platform legally.
There is no KYC/AML needed at this point.
Step-by-Step
1 — Go to www.tokens.net and click Register in the right up Corner.
2 — On the register page type in the email you would like to use with your account on Tokens.net. There is no need for password as Tokens.net will auto generate Username and Password for the first login and send it to your selected email.
3 — You should get confirmation screen. Go to your Inbox.
4 — In your Inbox you should have Welcome email from Tokens.net. Email includes your Username and your temp password. Click the link in the email to log to Tokens.net exchange for the first time.
5 — On the Sign In screen copy Username and temp Password from the Welcome email.
6 — After Sign In you will need to change the temp Password. Select your new Password and click Change Password.
7 — Go to Balances and Deposit BTC to your BTC Tokens.net Wallet.
8 — Before Depositing the BTC you will be prompted to create a 2FA Auth. It is mandatory!
9 — Once BTC Deposit confirms, go to DTR/BTC trading pair and buy DTR Tokens. Since you can buy DTRV voting tokens only with DTR this is a needed step.
10 — Once you have your DTR, go to DTR/DTRV trading pair and buy DTRV tokens.
11 — Once you have your DTRV, click Voting in the main menu at the top of the screen. Scroll down to find Pennykoin and cast your votes.
Hints: Since voting doesn’t restart this is not sprint. It’s a marathon. Once coin is on a voting list it doesn’t get removed. Realistically Pennykoin has the opportunity to get listed in few rounds once the coins who got early backers when DTRV price was low.
DTRV is very limited in QTY hence a nice opportunity if there are any good traders in community to stack them up with some cleaver moves.
