The Unofficial Proof of Trevon James Wiki

Did Trevon James Create POTJ?

While Trevon did not start POTJ, he has promoted it on YouTube, and some sources indicate that he owns as much as 7% of the tokens. The real value that can be gained from the game comes from what stake a player holds, so it is perfect for someone who can promote on the level that Trevon can. Users do need to be aware that you are only likely to earn dividends if people keep playing the game. Some games, like CryptoKitties, have been consistently popular, but others, like Ether Shrimp Farm, have bred so many copycats that it's difficult for any one to stand out.

Trevon James on POTJ

Is Proof of Trevon James A Game Or An Investment Opportunity?

While it does take real Ether to play, and people really do earn a profit playing, it's important to remember that no additional value is created through this dapp. You're earning money that's taken off the top of others' purchases when they buy or sell these tokens. That means you're essentially betting that it continues to be popular, and the owners make no promises about the future viability, which makes it closer to games like Etheremon and CrypoCities, where the assets are useful within the game, but don't have a real-world application. This is different from assets like Factbar, which are more connected to the outside world. However, all crypto assets are very young at this point. To read more about the process of buying and selling them, try this guide to MetaMask.

In Depth

Among the many Ethereum dapps that have sprung up in rapid succession is Proof of Trevon James, a popular dapp based on YouTube personality and well-known cryptocurrency promoter Trevon James. Employing a system of distributing dividends among users, this overly simple site has attracted an unusual amount of traffic as users hope to gain Ether through transactions on the smart contract.

To fully understand how Proof of Trevon James works and why it's significant, we need to take a step back and discuss cryptocurrency as a whole. You've probably heard of Bitcoin, which has been in the news a lot lately. Bitcoin is a digital currency based in blockchain technology. The use of a decentralized ledger provides proof of transactions without a central authority.

Beyond Bitcoin, there are many other types of coins available. Often companies will issue an "I.C.O.," where they sell tokens that represent a stake in their company, or use those tokens as currency to participate in that company's business. Bitcoin is sometimes used to buy these coins, but a growing network is Ethereum, which utilizes smart contracts to allow for quick transactions across a number of applications, or dapps.

Bitcoin is sometimes used to buy these coins, but a growing network is Ethereum, which utilizes smart contracts to allow for quick transactions across a number of applications, or dapps.

Most coins are like Bitcoin and Ether in that they are fungible, meaning all coins of a certain currency are the same. If you have two Bitcoins, and you plan to sell one, it doesn't matter which one you sell because they are worth the same amount. You can also deal in fractions of a coin in the same way you can deal in dollars and cents. But some assets are unique, or non-fungible.

Ethereum can be used to purchase ERC721 tokens, which are assets that are not all the same. One popular example is Factbar, online representations of facts that are researched and verified. If you own a Factbar, you are the only person who owns it at that time, and every Factbar has its own unique value. Highly-desirable Factbars can therefore fetch high prices.

These unique digital assets have largely been used to create games like CryptoKitties or Etheremon, where players buy digital animals that can be used in the game and can go up in value if they have desirable traits that other players are after. Since your Etheremon token is unique, if someone wants it, they have to buy it from you. Millions of dollars worth of Ether has been traded in the sales of CryptoKitties.

These unique digital assets have largely been used to create games like CryptoKitties or Etheremon, where players buy digital animals that can be used in the game and can go up in value if they have desirable traits that other players are after.

There are also dapps known as "Idle games," like Ether Shrimp Farm, where you own virtual shrimp that lay eggs, constantly increasing your holdings. You can gain more shrimp by referring others, getting a percentage of every purchase they make.

These types of idle games have drawn criticism for being pyramid schemes, where those at the top earn a lot of money while those at the bottom make nothing. The issue is that early adopters can make money by convincing others to sign up, possibly through false promises of guaranteed income.

Fungible tokens like Proof of Weak Hands 3D and Gandhiji don't shy away from this accusation. In fact, they revel in it, with dapps that take a fee from all transactions and redistribute those fees among everyone who owns one of their tokens. If you get in early and hold onto your token, you can earn income as others buy and sell their assets.

In fact, they revel in it, with dapps that take a fee from all transactions and redistribute those fees among everyone who owns one of their tokens.

Proof of Trevon James capitalized on this idea to create a dapp based on Trevon James, a popular YouTube personality with more than 120,000 subscribers. James became a sensation online with videos that explained different cryptocurrencies and strategies for making money in the marketplace.

James came under fire for consistently promoting a service called Bitconnect in his videos. Bitconnect was essentially a loaning service, where participants would buy Bitconnect's coins, and over time would be repaid at 120% of what they invested.

It was revealed that Bitconnect was little more than a ponzi scheme, where original investors were repaid with money paid by new investors. Because so many people signed up using James' referral link, he profited greatly by promoting the service. Bitconnect was shut down, and many of James' viewers were quite unhappy.

Bitconnect was shut down, and many of James' viewers were quite unhappy.

James was not involved with the creation of Proof of Trevon James, though there is a drawing of him at the top of the game's simple website. Users can buy tokens, and whenever there is a transaction through the smart contract, all holders are paid out in Ether. It's the same scheme as PoWH3D and Gandhiji, but done in an even simpler manner.

These types of dapps have enraged some Ethereum faithful, who see their prevalence as damaging to the reputation of this growing currency. But despite the risks involved, people are investing in Proof of Trevon James, and some may be earning a decent profit from it.