Daily Dividends Activated for QBE Ethereum-to-Telos Teleporters
Good evening, Qubiclers!
We’re happy to announce that the daily dividend process is now live! As discussed in our previous post, Exclusive Token Distribution to Supporters of Qubicles, the first batch of dividend rewards was scheduled to go live today at 7:00 PM EST. This process has just completed for all QBE holders who have teleported their tokens from Ethereum to the Telos chain of EOS.IO. The percent of the distribution you received can be calculated as Your QBE Balance / Total QBE Migrated * Qubicles Trust Fund Balance. So as an example, if the total number of tokens in the Qubicles Trust Fund is 2,900 TLOS and you own 500 QBE tokens out of a total of 250,000 QBE that have been migrated, your TLOS dividend would be 500 QBE / 250,000 QBE * 2,900 = 5.80 TLOS.
For those of you who have ported your Qubicles to Telos, you are now an official member of the Telos (TLOS) token holders club — welcome to the chain of EOS.IO focused on true decentralization, on-chain governance and serving as the platform for the next generation of dApps!
As of today, all TLOS tokens from the Qubicles Trust digital asset fund will be distributed to your teleported Telos accounts automatically at 7:00 PM EST (12:00:00 UTC) on a daily basis. The only requirement to continue receiving these dividends is to maintain the balance of all QBE tokens on your new Telos EOS.IO account. Our dividends distribution system continuously checks your current QBE balance to determine whether or not you still qualify as a recipient of these daily dividend rewards. Confirmation of all dividends can be viewed on the Telos blockchain via a block explorer, such as EOSX.
This block explorer report displays information from the QBE token’s dividends system, which stores the name of each account that received a dividend reward (eos_account_name), the total amount of TLOS tokens available in the pool for distribution at the time of the transfer (dividend_pool), the amount of dividends paid to each account according to the percentage of their QBE holdings (dividend_paid), and the date/time of the transfer represented as a UNIX timestamp (created_on). You can click here to take a look at the report for today.
With a large portion of teleporting completed from Ethereum and the rewards process set on auto-pilot, the next order of business for the team at Qubicles is to continue executing on our roadmap. We have made great progress on this front and look forward to sharing additional details with you over the upcoming weeks.
Onward and upward!
