Post
Topic
Board Tokens (Altcoins)
Re: [ANN] The Most Innovative Dapp on Ethereum — iToken Exchange
by
kosmost
on 18/01/2020, 15:50:49 UTC
i just wondering from where revenue that you will share a dividend for each investor?

This is not an investment, and there are no dividends.

There are 2 parties:

1) Buyers, who buy the token and receive rewards (other tokens) added to iToken by producers

2) Producers, who add external tokens (any ERC20 token) in order to try to claim rewards.

If you hold ITOKEN you are scheduled to receive these rewards from producers. Once you signal your approval of the work done during the work block (by producers) by sending a very small amount of ETH to the contract, then you can receive whatever distribution is due to you.

I'm still confused about the underlined parts of any external tokens?
is the token need to have a value before the Producers add it into Itoken exchange?

Producers can add a minimum of 1 token of whatever Ethereum-based token they wish. Buyers validate the tokens they like by sending 1 or more ITOKEN to its contract address. This increases the weight of the producer's share (that added the token).

So, for example, if you send 100 USDT to iToken (by producing, per the instructions) then a buyer could validate it by sending 20 ITOKENS to the USDT contract address. The 20 ITOKEN tokens will then return to the iToken available supply and your reward weight will increase.

If you have 15% of the validations at the end of the work block then you would be scheduled to receive 15% of the ETH rewards whenever you approve of it.

Someone else might send MickeyMouse tokens, but a buyer will still have to send ITOKENs to that contract in order to increase the weight of the producer that added it.

Hope this explains it a bit more.

one more is there any actual website that i can see the exchange?
There's no interface yet, but everything can be seen on Etherscan. 1) how much ETH is in the contract; and 2) what tokens are in the contract.

If the concept becomes popular then I'm sure there will be multiple interfaces and apps to this and other workchains.