In the world of decentralization and crypto, we are becoming very much introvert towards investing our funds. We like bitcoin and ethereum but we don’t like Dapps now and believe them as fake or Ponzi. The behaviour that believing hate came from the ICOs and scams around the cryptoshere recently making people very conservative on believing something new now. Today we will discuss a project called gandhiji.io and discuss how it works and how you can make a good profit with this Dapp.
There is a lot of aspects we need to understand before diving into about these Dapps what we call as Decentralize applications, which in easy language means no one has control over these applications.
There were days when people call bitcoin a scam and thought they can lose their money, but those only people are now invested and working and earning quite well, still knowing to the fact that bitcoin is volatile. The problem is this that they don’t understand what is the bitcoin at the first place but know they trust it because they understood it.
The reality is that a lot of people who are working in cryptocurrency still don’t know the majority of the things about crypto and they can’t trust that hence they simply make it believe them as a scam or a Ponzi scheme.
On other hand projects like crypto kitties and powh still rocking as hell and people making a lot of money with them, proving the fact that they are volatile and dangerous but overall giving a great return.
Similar project like Gandhi.io works on the ERC20 token which works on the smart contact hosted by the ethereum blockchain. These smart contracts have beauty that no one controls it over the money is directly transfers from your wallet to the contract in the blockchain. You can look every transaction and holdings in etherscan.io.
Understanding Smart Contract
A smart contract is a contract which runs on the ethereum blockchain and cannot be changed once its written and uploaded to the blockchain. The popular language used to write the code is solidity.
The amazing part of the contract is that when you invest in these contract the money doesn’t go to an individual’s account but rather goes to the contract itself which cannot be controlled by any individual.
A smart contact can be executed from a different location, this means even if the official website of that token dies you can still use and withdraw your funds out of that contract directly from running compiler which can run the contract code on a different location.
Like, think of a bank runs by robots which can be accessed by any person and the money can be stored is going into an account where no one can control it over or steal it, but the robot and robot cannot be controlled by any human as it is already been programmed. And the robot will be used to execute the deposit and withdraw functions in the bank.
A smart contract like this cannot be scammed or break because they are running on blockchain and not on any home servers.
Gandhiji.io Clone of Powh
That’s true, the developer of Gandhiji.io stated the fact that gandhi.ji is a clone of Powh. But it is actually a great deal because there is less number of people in this project right now than that of Powh and others. So getting around your hands initially can give a great profit return.
Banks in today’s worlds are clones of each other functioning similarly and that doesn’t mean they are not functioning well.
The point here is that in the contract like Gandhiji.io the king will be the person who invested as much. Means the more number of token you hold the more you earn.
History of Powh
History of Powh is great, its a game where people earn from dividends and the coin price keeps on raising.
A similar project of gandhiji.io has the potential to grow to that level of Powh that it is currently holding 78,000 ETH in its smart contract. Investing in these Dapps can change your like overnight.
Now imagine the potential of the Gandhiji.io project and upto which extent it can go.
How the price of token changes?
The price of the Gandhi.io token depends upon the demand and supply of the token. The more the user buy the higher the price will go, though the more they sell the lesser it goes. But every time you buy or sell the 10% will be deducted and will be divided among all the holders of the token.
The dividend of the token is divided by 10% deduction of every transaction that will happen on the smart contract and will be distributed to all the holders of the token.
Earn Through Gandhiji.io Dividend
The smart contact that has been made have some functions implemented and that cannot be changed now. Gandhiji.io Token holder will get the 10% straight dividend from every transaction happening in the smart contract and the more token the one holding will get the max share of that.
Even in the situation of huge sell out will benefit the members who have invested into the contract already and holding it, as the 10% will also be deducted on selling the tokens and will be divided into the holders.
A user can reinvest their Dividend earning to buy more IND Tokens which will get you more profit.
Earn Through Gandhiji.io Token Price
Once more and more number of people starts investing in the smart contract the price of the token will eventually go up. You can sell tokens at a higher price and earn your ROI from it. Just keep in mind that the longer you hold the more dividend you earn.
Steps to Invest in Gandhiji.io Contract
- Install Metamask wallet into your browser ie Chrome, Firefox or opera.
You can also use metamask on phone, read Tutorial: How To Use MetaMask Wallet On Phone? - Load your Ethereum into Metamask wallet.
Metamask wallet is one of the secured Ethereum wallet present in the market.Tutorial On Meta Mask
- Goto https://gandhiji.io/ind/?karma=0xb24159add010585ff10c23978791316caf9cbb93 And let the Metamask interact with the smart contract it will show you your metamask wallet id and amount. Don’t worry it will not deduct any amount by itself.
Showing my Metamask funds - Buy IND Token from using metamask and it will show you the confirmation.
- You can then see IND Tokens on the website:
- Optional: Add IND Token into Metamask wallet: Now you have tokens but you can see them into metamask just go into the Token section and add the Contract to 0x167cB3F2446F829eb327344b66E271D1a7eFeC9A
and decimal to 18 and click add and it will show you the amount of ERC20 IND Token.
Results of 3 Month of holding Gandhi.io Token
I was very much happy by the return and I am thinking to invest more into it very soon. I’ve invested 1.5 ETH and end up with 3.7 ETH Now, with reinvesting dividends and token price surge!
Join today and start earning https://gandhiji.io/ind/?karma=0xb24159add010585ff10c23978791316caf9cbb93
Share your karma Link with friends and earn from Direct referral bonus
Sell Your Tokens Anytime
You can sell your tokens with the current price of token just hit the sell tokens and pay for the transaction gas fee.
Withdraw Your Dividend
The best part of this contract is you get your dividend in ETH and not in Token means you can withdraw the dividend without caring or the token. Just pay for the gas transaction fee and it will transfer from contract to your wallet.
Reinvest Dividend ETH to Buy More Tokens
As I’ve mentioned that your dividend comes in ETH means you can reinvest that amount to get more tokens. Just pay for the gas transaction and an equivalent token will be added to your account.
#Note: Make sure to keep your gas price around 10 GWEI for the smooth and fast transaction.
Useful Resources
Conclusion
I do really like the project gandhiji.io and thinking a great profit return from it though there is a lot of potential on this Dapp, it will eventually give profit to the investors and holders.
There is a huge difference between a scam and smart contract thing. I am 100% sure that these things cannot be scammed as they are hosted by the ethereum blockchain, but though the price can be varied depending upon the buy and sell demands.
And to all the haters I would like to tell you that these things cannot be scammed or break as they are living on blockchain means no one is controlling over it. And they will definitely will raise as the more and more people start investing into.
I am here to tell you these things have potential and I am here to tell you that they will never stop unless people holding tokens make them stop. I hope you may now have a better understanding of the beauty of smart contacts and i hope you invest and get a good return out of it.
For further reads:
Update June 2020
Honestly, after about 2 yrs of staking ethereum into this smart contract, finally, now I am about 100+ ethereum reward. This is all thanks to the smart contract backed by the power of ethereum blockchain.
Welcome to community of bitcoin and cryptocurrency, CryptoKosh.
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