This from what I understand is where Monaco just shafted it's holders. They dropped the rewards for holding Monaco that would pay the holders a % of payment volume.
From the TenX whitepaper:
Fee Disbursement Flow:
For every card transaction a merchant accepts, the merchant pays 0.5-3% in the form of a
merchant discount fee. This fee is then split among his bank, also called the acquiring bank, the
card scheme and the issuing bank. The fee that is paid to the issuing bank is called the
interchange fee. Traditionally this fee is plain profit for the issuer, but often is also used to give
rewards to the user in form of air miles or similar benefits. At TenX, we reward our users with
PAY tokens on every purchase to allow them to become a token holder. Subsequently, PAY
token holders will receive an incentive of 0.5% of the entire payment volume on the TenX
payment platform initially on a monthly basis. TenX aims to distribute the reward in shorter
periods of time in the future, with a target of hourly reward distribution.
Hopefully TenX won't do the same, it's why I'm holding. What's not clear, is the math around how much each person will receive from the .5%. If in 12 months the total volume of PAY transactions is 10 million USD a month, how do you figure what each 100 tokens will receive back? Is the .5% distributed across all tokens available? If I understand it right, .5% (half of 1%) of 10mill would be $50,000. If there are approx 125,000,000 tokens that would be .0004 cents per token. Or $4 per 10,000 tokens? Am I getting that right?