TXT Payout System Launch
It has been a great journey for all TXT community members so far. We’ve successfully reached 2 milestones in the past weeks: TXT mining launch (average 100k mining power every day), TXT listing on exchange (the highest price growth reaches 140%).
Today we’re excited to announce another milestone: TXT payout system will be launched on Dec 07, 9AM UTC. TXT payout system is designed to reward TXT holders for their contribution in the growth of TRUST platform. By staking TXT, players can receive EOS and other tokens for free.
The detailed payout rules are as below:
1.Daily TXT staking payout= Payout pool * Daily distribution rate
(Daily distribution rate is 6% for first time, and it’s a dynamic value. The subsequent adjustment will be based on the development of the platform. )
2.The amount of TXT eligible for Payout is the lowest TXT staked amount in the past 7 days (i.e., the lowest TXT staked amount among snapshots taken at 8:00AM (UTC) in the past 7 days.). We’ll give several examples here:
Tom has 100TXT staked on Day 1, and stake 10 TXT on the following 7 days continuously, the eligible amount of TXT for payout on the Day 8 is 100TXT, although he has 170TXT staked on the Day 7. But he’ll get benefits of staking later. On Day 9, he’ll has 110TXT eligible for payout, and on Day 10, he’ll has 120TXT eligible for payout…
Bill has 200TXT staked on day 1, and unstake 10 TXT everyday on the following 7 days continuously, the eligible amount of TXT for payout on Day 8 is 130TXT (Day 7 is the lowest).
It is also visualized in the table. Please see the table given below:
3.TXT Staking Amount Snapshot Time: Snapshots for TXT staking amount will be taken at 8:00AM (UTC) every day from 2018/12/08.
4.Distribution Time: Daily payout will be sent to players’ account at 9:00AM (UTC) every day from 2018/12/15, and players can claim it at anytime.
Besides, TeamTrust is developing 2 more games (Crash, Poker)for TRUST platform. Crash game is a classic online multiplayer bitcoin game consisting of an increasing curve that can crash anytime. It’s fun and thrilling. It can also make you millions. Those 2 games will be officially released in December, 2018.
Also you can check this video made by one of Trust Dice fan, he explained mining and payout systems very well
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