Hello. The OTN project look very interesting for future of crypto space. Congratulations! I want to understand better about the OTN tokens distribution for trading in IQOption platform. How the IQOption exchange platform will calculate the coins offered as rewards for clients that use the platform. Need minim volum of transactions? How I understand what nr of coins receive to move funds for use the IQOption, just for receive OTN as part of their distribution tokens?
Thanks.
Hey, eprocent! Thank you for your interest in OTN.
The number of OTNs you get depends on how actively you’ve been trading Cryptocurrencies on the IQ Option platform (=how much commission you’ve paid for the orders).
The formula IQ Option uses is very simple:
(B / A) * C = DA -
Total amount of commissions from Crypto-trading for the past week
B - The
Crypto- commission you’ve paid that same week
C - The number of
tokens set to be released that weekD - The number of
OTNs you get.So, let’s take the first week of emissions as an
example.IQ Option got a total of $1,000,000 in Crypto-commissions. A trader paid $2,000 in commission. 350,000 OTN tokens were issued, so (2000/1,000,000)*350,000=700
700 OTN tokens is how much a trader got in 1 week.
And the cool part is - Each deal, profitable or not, gets you tokens!
There’s NO minimal volume of transactions to get OTNs.
