Above all I like the disclaimer at the end of the text. People should be made to understand the risks involved in investing in a digital asset. I tried checking out he website interface but it seems it needs Metamask to run so it goes into reloading loop on my mobile browser. I will certainly check it out when I get my hands on my PC. The idea seems bright to reward the token holders and long term supporters passively. My questions are, does the token have a maturity time before you can start earning the dividends from buy and sell purchases done on the token? Wouldn't huge token holders be repeatedly buying and selling the same tokens to their selves since each of the activity brings dividends to them especially if the dividend is higher than gas fee of course? Is there any protection mechanism to prevent this kind of abuse?
yeah need meta mask to run the page. i do know that some people have been able to get the mobile working.. but im not sure exactly how or if they had meta mask working somehow on there mobile? not too familiar with meta mask.
These are all pretty good questions though. i do know that the dividends paid out are small in comparison to the overall share you hold (of you were to sell). also if you reinvest your dividends into yourself youre paying that 20% buy in fee that ultimately funds the dividends out to other members as well. example, if i reinvest .2eth .04eth is getting sent out to the entire token population. so that method would be counter intuitive. but above all that there is a pie chart on the main page that represents the top 15 token holders and you can see that there arent any "whales" involved. it doesnt hurt to reinvest.. you accumulate more coins at the cost on new members buying and present members selling. or you can simply transfer them to your metamask. Hope you try it out! introduce yourself in the discord if or when you do! its been a lot of fun this week and they are expecting a lot more action!