Today we will look at POW lite and the benefits it may have over other ERC20 tokens.
What is POW "lite"?
POW "lite" is a token linked to the ERC20 token POW, it's purpose is to reward every internet user on the planet by giving them tokens. This is in an attempt to redistribute wealth.
How will this "redistribute wealth" ?
With most coins/tokens there are airdrops or marketing campaigns at the launch where a limited amount of people can make a few bucks worth of their currency but POW's goal is to give be distributed among everyone "We're giving POW 'lite' to every Internet user on the planet. ".
What is the difference between POW and POW 'lite'?
They are both the same token! let me explain a little further, you see POW is an ERC20 token as i mentioned above and this comes with many problems for it's current goal mainly speed. POW 'lite' was born to solve this problem allowing you to convert POW into POW 'lite' for speedy transfers off the ethereum blockchain, So basically if you wanted to send someone money fast without worrying about gas and the speed of ethereum then you would convert POW to POW 'lite' and send it to a friend or whoever you are paying and then they would convert it back to POW and all this would be able to take place within a few seconds.
How many people and benefiting from this project so far?
so far there are 30607 POW 'lite' holders with an average of between 500-1000 new users every 24 hours.
source : https://powtoken.com/