Well it seems like I have a lot of catching up to do with recent news, so let’s get to it. First of all the CAIx team made a new announcement, explaining how the dividends would work for people running a CAIx MasterNode or staking wallet.
In case you are still wondering where these dividends are coming from, there is an easy explanation for that. If you remember, 14 BTC was put aside to pay out these dividends when they announced the Tiny Elementals revenue. These 14 Bitcoin will be distributed among loyal CAIx holders in the form of a dividend.
In order to benefit , you do not necessarily need to be running a CAIx MasterNode. If you just keep the funds in your wallet, and let it stake for 25 days in the month of June, you will qualify for a dividend payment as well. Snapshots will be taken to make sure the coins are not moved around.
“The dividend distribution between staking wallets (=masternodes) will be as follows:
All staking wallets still qualifying for Node Status at the end of June 2014 will have their coins added together.
The number of coins will be used to determine the share value used to pay out the dividend in the following way:
14 BTC (or CAIx equivalent) divided by the total number of node coins = value of one share
E.g.: 14 BTC / 500 000 Node Coins = 0.000028 BTC per share. Each staking wallet (node) coin is worth 1 share.
Payment in the example given above would be like this:
Tier 5 – 2000 CAIx (and thus 2000 shares)
payment = 2000 * 0.000028 or 0.056 BTC
Tier 4 – 5000 CAIx (and thus 5000 shares)
payment = 5000 * 0.000028 or 0.14 BTC
Tier 3 – 10 000 CAIx (and thus 10 000 shares)
payment = 10 000 * 0.000028 or 0.28 BTC
Tier 2 – 15 000 CAIx (and thus 15 000 shares)
payment = 15 000 * 0.000028 or 0.42 BTC
Tier 1 – 20 000 CAIx (and thus 20 000 shares)
payment = 20 000 * 0.000028 or 0.56 BTC”
Not the hardest mathematical formule if you ask me, but I’m glad to see some clarification about this, as a lot of people were wondering how it would play out. Sign-ups have been closed though, as the deadline was yesterday evening.
This whole CAIx MasterNodes/Staking Wallets project looks great, and I’m curious to see what this will do for the CAIx value. Technically, the price should go up from here on out, but with all the market manipulation going on lately, it’s hard to tell.
Original announcement about the CAIx MasterNode/Staking Wallets Dividends : https://www.caixboard.com/threads/masternodes-or-staking-wallets.6/
CAIx donations are welcome to : XbcKkjXP5VcGMG9mooL3WaFkAjAEbeLAVA