Topic: [ANN] DividendRippler.com Create Assets & Pay Dividends in ripple - page 2. (Read 4080 times)

Yes! We haven't started a thread about it yet, but if you look on the DividendRippler.com website, you will see 1 listed asset 'TBL'. We'll make the thread soon, but it is the website TAABL.net. Profits from that website get filtered to shareholders. You can check out the issuing document at https://dividendrippler.com/asset?ra=rNF5qUPCcge7uSStj6oKuoQs38BaM8362s

The asset is 'TBL' with issuing address: rNF5qUPCcge7uSStj6oKuoQs38BaM8362s

There is an offer to sell 1 share (1%) at 0.15 btc. Check the market on ripple, TBL/BTC.dr (issuers as rNF5qUPCcge7uSStj6oKuoQs38BaM8362s / rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX)

You can buy some of that or put in bids for the owners to consider.

Is there any live shares we can buy into to test this with?

ripple makes it easy

Oh! I see. So you are acting as an escrow / holding agent for the securities. The ripple address you create is specific to the security, and it has its own IOUs which represents shares. Cool!

Simple and complex at the same time. I know you're familiar with ripple.

Someone comes to us and requests to issue an asset. We create a ripple address for them, needed so we can control the amount of shares outstanding. You don't want the issuer to issue another 1000 shares while you sleep. In the case of TBL, that person was issued 100 shares, assume for this case it was rLDDq8ZGhCaVBP8MyYTifhCJzgWPQBjwpt, but it doesn't have to be a current owner. He then distributed them as shown below (75%, 15% and 10%).

This is a snapshot taken for this post from the asset link, the asset holders can change at anytime, and updated in real-time!



Suppose the company wants to pay out a 2 BTC dividend. By submitting 2.000 BTC to 1HY2oZop..., all current asset holders will get a pro-rated amount of those BTC. So, rLDDq8z... would get 75% of the 2.000 BTC, and so on down the line. If the dividend was in LTC, the payment should be made to the LTC address.

This looks really cool but to be honest...I don't understand very much of it at all! How is this used? How does it know when a BTC payment comes in what the associated Ripple address is? Where's the interface on the web page to "send" the payment (i.e. associate the specie address with the Ripple address)? Help!

I am pleased to announce DividendRippler.com (DR). DR provides an easy way to pro-rate payments to asset holders, much like a dividend payment. BTC/LTC/TRC is currently supported. We are not an exchange; ripple is left doing the heavy lifting, such as trading and ownership maintenance.

DividendRippler is simple. When a BTC/LTC/TRC payment comes into the main asset address, DR calculates current asset holders and sends out pro-rated ripple payments accordingly. All information is public.

DividendRippler is set up to offer listed as well as unlisted assets. Listed assets will require a signed offering document. Unlisted assets won’t. Both listed and unlisted assets will require DR to create the asset.

Listed asset at time of launch:
TBL – The Amazing Anonymous Bitcoin Lottery (TAABL.NET) (rNF5qUPCcge7uSStj6oKuoQs38BaM8362s)

Trust:
•   In order to trade a DR asset, you’ll need to trust the underlying asset in ripple, such as rNF5qUPCcge7uSStj6oKuoQs38BaM8362s in the case for TBL.
•   Because payments are made in the ripple network using DR, you will have to trust DR’s gateway address for the dividend. This address is static: rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX.

Fees:
•   DR collects no fees to issue payments. The user will face chain fees as required by the network. For example 1.0000 BTC redemption may only return 0.9995 BTC.
•   DR collects no fees on asset trading (because they are not technically DR assets)
•   DR does collect gateway fees if the BTC, LTC or TRC IOUs are transferred (currently 0.15%). Note ripple does not allow DR to charge a fee to redeem its own IOUs, so specie payment can always be taken free of charge. More information on the gateway is here.
•   Initiating a new asset will have fees, currently unknown. While in the initial testing phase of DR, the fee is waived.

Have an asset you would like to offer? While DR is in beta, we’re offering to bring a few assets public over the next month. If you’d like to have your asset considered, please PM.