Post
Topic
Board Announcements (Altcoins)
Re: 🌟🌟🌟🌟🌟🌟 ChronoBank ICO is over! 🌟🌟🌟🌟🌟🌟
by
support2_chronobank
on 06/03/2017, 14:13:30 UTC
Do we need to keep our Time tokens in wallet to get fee or Time kept in myetherwallet will also earn fee?

You will need to send your tokens to a special contract to receive your rewards. The contract does not exist yet. The detailed instructions will be available before the rewards distribution starts. Do not worry, no further actions are needed now. Thank you for patience!

Do you mean to say we need to spend some gas fee to receive the reward?

Looks like you have a similar system like vdice dividends

https://blog.vdice.io/vslice-redeem-profits-process/

I don't know any way to send ERC20 tokens without spending some gas. The gas fee size is usually extremely low. You can check the TIME tokens transaction history and their cost here. I picked several transactions randomly and most of them had about $0.02 gas cost (0.0013 Ether).

Some people hold less TIME say 50-100? what will be their rewards in case and if their rewards is less than gas fee whats their purpose to claim it?

The more TIME you hold, the more reward you get proportionally, transaction fee is paid if you withdraw your rewards, you can hold your reward and accumulate it as long as you want.