Hi all,
As Adam has just closed the D.I program on Investor Game based section, I have 0.4BTC to buy Omicron.
I'm still unclear if 0.4 BTC is able to buy OMC to receive any interest, or I need to have 10,000 OMC to get the interest?
10,000 OMC is too much for me right now unfortunately.
Is it a dividend or interest?The title of this thread says
dividend and there is a difference in dividend and interest
Both,
Omicron (OMC) is a digital currency that serves as a virtual duo-interest-generating asset. For the initial interest-generating feature, coins are minted through a hard-coded blockchain functionality known as Proof-of-Stake// (>Interest).
This enables coins to generate a set interest per year, compounding daily. In the case of Omicron, the annual inflation rate is set at 5%.
For the second interest-generating feature, revenue in the form of Bitcoin is distributed to wallets holding a minimum of 10,000 OMC, on a biweekly basis.// (>Dividends)
The revenue percentage is variable, and is generated through various altcoin trading processes as well as loan interest. Investors will be required to submit their BTC address associated with their OMC address, which can be done at any time through this website or Bitcointalk, and soon through the wallet itself. The Investment Fund will be funded through an IAO where the entirety of the OMC supply will be distributed.