There have been quite some new CAIx announcements that got announced yesterday, so I guess we’d better take a look at them. It’s all positive news though, so no reason at all to start panicking.
As you may recall, when we did our first Caishen article, we mentioned how there would be multiple income streams to gather revenue for shareholders (CAIx). One of those revenue streams is the mobile game Tiny Elementals.
We can now confirm that this game has brought in no less than 28 Bitcoin in revenue since its launch a week or two ago. Of these 28 Bitcoin, half of it, or 14 Bitcoin, will be put aside to pay out dividends to every CAIx holder. Not bad for a game that’s free to play, but allows microtransactions to be executed for extra coins etc.
As to how these dividends will be paid, that is still up in the air at this point. The CAIx team is considering either a payment in Bitcoin, or just buying up CAIx on exchanges, and distribute those among shareholders.
The latter option is a bit more risky, as it would reduce the available amount of CAIx on the market. Maybe we’ll end up with a combination of both, partly paid out in Bitcoin and partly in CAIx. We will keep you updated on this situation.
The second announcement told us more about the future plans for the CAIx wallet itself. More features are being developed as we speak, such as QRcode support, UPNP, an Unlock button for easier staking, block explorer information, and much more. No forking will be required to integrate all these functions.
As with most Proof-of-Stake coins, you expect to see a multipool sooner or later. This will be the case with CAIx as well, as the multipool is expected t be available from May 18th onwards. This is the same day Caishen mining ends.
The third and final announcement talked about website redesign, in the form of adding a live price ticker with a live investment report. The details behind the inner workings of this project are being kept under close wraps for now, but we can expect more news soon.
There has also been a meeting with investors and parties interested in CAIx. From what we can gather, the general feeling is that CAIx will overtake Litecoin in price at some point. How or what is still unknown at this point, but it’s a very ambitious goal to say the least.
Good things are happening for CAIx and its shareholders, of which I am a small one. I’m really excited to see what will be happening next, and most importantly, how they will make it happen. Stay tuned for more details in the coming weeks.