DIVIDENDS FROM 1 TQS!
In my previous post I said that I will keep you updated about how much you could earn by holding 1 TQS and I will keep that promise!
Normally TQS holders share 20% of the fees generated, but because TradeQwik is making some big changes to the website there are times when something doesn't work as intended and TradeQwik wants to give people something back as a tradeoff. This week they paid 100% of the fees generated again, which is 5x more than normal!
If you have any problem you should always come to the TradeQwik discord server to get some great support from the TradeQwik team itself!
This is their discord server - https://discord.gg/Y8uRY7d
You can also follow them on steemit - @tradeqwik
The dividends are paid every week and the amounts are never the same. Only 100000 TQS will ever exist and there are currently 32423 shares sold, which means it could get you 1/32423 of these amounts per each TQS you hold.
This week's dividends are from the amounts in the picture below.
So how much did I get from my 1 TQS?
Maybe it's not much now, but bear in mind that the dividends are paid weekly and that they are also an exchange, which means they can very easily add more pairs onto the platform and thus bring completely new users. TQS holders can only profit from this.
I bought my 1 TQS for about 59.5 SBD, but you could actually get a better offer if you would wait in the "buy orders" side. What is also needed to know is that you can't buy less than 1 TQS, which makes the asset much more rare.
I found out that the best option is to buy VIVAs with SBDs, because SBDs are pegged to 1$. If you would buy VIVAs with Litecoins or Ethereum you could really be angry at yourself later, because cryptocurrencies like these are not pegged and can increase in value anytime they want.
If you would like to deposit by yourself I suggest you to do it as soon as possible, because the VIVA's pegged price is increasing every two weeks till the final peg.
It really depends on if there will be some attractive market offers or not, but hopefully I will have 2 TQS or more next week. I will keep you updated as always. See you soon!
Thank you!
My previous posts:
https://steemit.com/poker/@eirik/cryptocurrency-talk-on-poker-after-dark
https://steemit.com/komodo/@eirik/the-big-komodo-announcement-is-here
To put some perspective on TQS... Viva will quickly be at it's peg of $10, and TQS are currently selling for 10 Viva. Currently you can buy both for less money, but I don't expect that to last.
As @eirik mentioned, there will only ever be 100,000 TQS, and under normal circumstances, those 100,000 TQS will share in 20% of trading fees. That means that for a TQS to pay for itself (at $100/TQS), Tradekwik will need $50M in trading fees. At the current fee of 0.5%, that translates to $10B in volume.
$10B sounds like a huge amount, but keep in mind that NYSE does 2x that volume every day. The global foreign exchange market does that volume every 2 minutes and 43 seconds. As I write this, all crypto exchanges are doing ~$3B per day. That means that for a TQS to return 100% APR TradeQwik needs to do about 1% of the current volume of all cryptos. With the stuff that's on the horizon, that doesn't seem an unreasonable goal.
You are a very smart man decibel. ;)
Hmmm.... so If I understand right.. this website works like investing websites where you get shares for what they get from investing weekly?!... like Hashflare/Gensismining but without mining?!
how much in USD the value you get weekly for 1 TQS... because from numbers above I assume $0.15 or less? I find it very expensive if TQS costs around $50... and I've seen many investing sites turn scam...
I already follow you, Upvoted.
Hey ahmadmanga.
It's not really that, because TradeQwik is more like an exchange. If you have ever heard of OpenLedger then you would know that it is an decentralized exchange, where you can buy OBITS. When you hold OBITS, OpenLedger will share their profit with you and thus you get dividends.
If you hold TQS asset you are getting dividends from TradeQwik's trading fees and other projects from the VIVA team.
I actually didn't count it. I just said how much I got. Bear in mind that TradeQwik is still in the beta. It maybe is low, but after few months or years you could really wonder and hate yourself for not investing early. It is just my opinion though! Maybe it is just me, but I like getting all kind of coins, because I don't really have computer or time to mine it all! That is why I am really going with this "dividends" road. PeerPlays will also offer profit-sharing and it sounds amazing getting all kind of coins just by holding something.
Thanks! :)
Oh!! thanks for clarifying...
I think that too... but I don't have much money to spare... maybe I'll try something.
Oh!! can I sell that "dividends" right? if so this won't be ever a bad deal!! (upvoted your comment too)
Well of course you can!
Tradquick is dangerous place to trade btc. I sent btc to my another acct and it just vanished. No one from tradeqwik responded to any of my requests since months together!!!!!!!
Tell me more please. Their support is one of the best.
I guess I did a mistake by selling 2.5 tqs 😫
Oh libert. You can buy them back, now is a perfect time! :)