SingularDTV SNGLS easily explained:SNGLS tokens are embedded with a revenue claim against which token holders derive income from all four of SingularDTVs revenue streams.
Basically, its like owning dividend paying stocks in a decentralized Netflix with greater transparency and support for the content creators.
SingularDTV Released applications:https://singularx.com (decentralized exchange)
https://tokit.io (token creation and launchpad for projects)
Dividends about to begin as there are applications generating income stream.
SingularDTV upcoming:EtherVision 2018 (amazon/netflix type shop)
+ over 10 other apps
Dividends example:If you are holding 1,000,000 SNGLS (0.1%) and SingularDTVs revenue was $100M
you would get $100,000 USD which is paid in ETH to holder.
BTW. SingularDTV has 300k ETH in reserves.
Do you need to store SNGLS in the official lightwallet to take advantage of this? I assume the answer is yes but curious if other wallets would work too?