TENX Token Rewards for Q1 2020
On 1 January 2020 at 9.00am (GMT+8), 350,000 PAY Tokens will be distributed to the TENX Token smart contract as rewards for TENX Token holders for the period of Q1 2020.
Of the sum, 243,867 PAY Tokens will go towards TENX Tokens that belong to the public (both issued and unissued). The remaining 106,133 PAY Tokens will go towards TENX Tokens that are held by TenX in reserve.
100% of the 350,000 PAY Tokens were bought on the open market.
How are quarterly rewards determined?
Rewards are determined quarterly by the TenX Board of Directors, depending on financial performance such as revenue in the previous quarter and other relevant factors.
We are committed to buying a number of PAY Tokens from the open market for the purpose of paying out rewards. The rewards are then distributed into the TENX Token smart contracts in the following quarter.
How to withdraw rewards
To withdraw your accumulated rewards, simply send 0 Ether from your whitelisted Ethereum address to the TENX Token rewards contract address:
This transaction interacts with the TENX Token smart contracts to withdraw your accumulated rewards into your Ethereum address.
Note: Please set your gas limit to at least 100,000 to ensure the transaction is successful. Your transaction can also fail if your address is not whitelisted or has 0 rewards.
Not sure if your address has been whitelisted? Read on.
How to check if your address is whitelisted for rewards
Only Ethereum addresses that are whitelisted can withdraw rewards.
To verify whether your Ethereum address has been whitelisted for rewards withdrawal, visit https://etherscan.io/dapp/0xF5d49387EcFA36bD2BF047d9E72344A2b3afBB72#readContract and insert your Ethereum address within the isisWhitelisted query to check.
Check your rewards balance
To check how much unwithdrawn rewards you have accumulated on a particular Ethereum address, visit https://etherscan.io/dapp/0xF5d49387EcFA36bD2BF047d9E72344A2b3afBB72#readContract and insert your Ethereum address within the
unclaimedRewards query to check.
Note: To correctly interpret the value, please add a decimal place 18 digits from the right. 18 decimals is standard for ERC-20 tokens.
Can I withdraw my rewards balance partially?
No, each time you withdraw your rewards by sending 0 Ether to the TENX Token rewards contract address, you are withdrawing the full rewards balance accumulated on your Ethereum address.
Do I have to withdraw my rewards daily?
You do not have to withdraw your rewards daily. Your Ethereum address will accumulate rewards automatically and will continue to hold them until you choose to withdraw your rewards. You may choose to withdraw your accumulated rewards at your convenience.
How do I calculate my part of the rewards?
MY PART OF THE REWARDS =
(DEPOSITED REWARDS * TOKEN BALANCE / TOTAL TOKEN CAP)
In the case of Q4 2019 rewards, it would be
350,000 x (YOUR TOKEN BALANCE/205,218,256) .
Note: The calculations are for the entire quarter, but rewards are distributed to the smart contract daily.
Can I transfer my TENX Tokens to a different address and withdraw my rewards to that address?
The TENX Tokens are transferable, like any ERC-20 tokens. The rewards will accumulate on the new address. You will be able to withdraw your accumulated rewards after your new address is whitelisted. Here’s how to whitelist your new address.
Why did my transaction fail?
- Your address may have 0 allocated rewards (you can check on the Rewards Etherscan Dapp page)
- Your address may not be whitelisted (you can also check on the Rewards Etherscan Dapp page)
- Your gas limit may be too low. In this case, set to
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