Quote from: toddhoch on November 25, 2017, 02:27:47 AM

Aloha Jeff,

Can you clarify please. Sales proceeds go into the "Proceeds Contract". Of those, 0.25% goes from the Proceeds Contract to the Converter Contract. It appears to me that the Proceeds Contract should be accumulating over time. What happens to the ETH/ETH/QTUM/RSK that is held in the Proceeds Contract? Do they always remain their forever? Do the get burned? Distributed?

For the ethereum chain,
Every day, 0.25% of the total current ETH balance inside the Proceeds Contract is sent to the Changer, ad infinitum.

If the ETH balance is large, 0.25% of a large balance is moved to the Changer. If the ETH balance is small, 0.25% of a small balance is moved.

This process is repeated on every chain (ETC, RSK, QTUM) in parallel, by a parallel set of contracts running on the ETC/RSK/QTUM chains. The Proceeds contract on the ETC chains holds an ETC balance, and sends ETC from Proceeds to ETC/MTN Changer.
The Proceeds contract on the QTUM chains holds a QTUM balance, and sends QTUM from Proceeds to QTUM/MTN Changer.

So, 100% of proceeds accumulates in each Proceeds contract, and a small percentage of that new total is moved daily to each Changer contract.