Answering SONM Community on Dividends and Go-to-The-Moon Faith
In our quest to be more transparent and responsive about our project, the SONM team always provides the most detailed and specific answers. Our community members put some really great questions forward, and we believe each of them deserve a personalized reply. That being said, this article is an attempt towards bettering our conversations. We recently received a number of questions related to dividends and to the famous “to-the-moon” aspects of our in-house token.
SONM first would like to clear that the dividends are called Network Commission Fee on its platform. We’ll further explain this in detail. Network Commission Fee The Network Commission Fee is distributed among the SONM token holders. We called it dividends in our Business Review to acquaint its core functionality among the readers. But to put things in perspective, these dividends are just network commission fee, paid to the SONM network participants — miners, hubs, buyers, etc — as rewards for their contribution in maintaining our smart contract-based rating system.
Read the rest here: https://blog.sonm.io/answering-sonm-community-on-dividends-and-go-to-the-moon-faith-b5fa502a588c
In our quest to be more transparent and responsive about our project, the SONM team always provides the most detailed and specific answers. Our community members put some really great questions forward, and we believe each of them deserve a personalized reply. That being said, this article is an attempt towards bettering our conversations. We recently received a number of questions related to dividends and to the famous “to-the-moon” aspects of our in-house token.
SONM first would like to clear that the dividends are called Network Commission Fee on its platform. We’ll further explain this in detail. Network Commission Fee The Network Commission Fee is distributed among the SONM token holders. We called it dividends in our Business Review to acquaint its core functionality among the readers. But to put things in perspective, these dividends are just network commission fee, paid to the SONM network participants — miners, hubs, buyers, etc — as rewards for their contribution in maintaining our smart contract-based rating system.
Read the rest here: https://blog.sonm.io/answering-sonm-community-on-dividends-and-go-to-the-moon-faith-b5fa502a588c
Does this network fee gets distributed back in the form of SNM tokens or in the form of ETH?
And when it comes to the word dividends, lot of bigger exchanges hesitate to list the token.
So do you have any information on the upcoming exchange where SNM will be listed?
https://www.reddit.com/r/ethtrader/comments/65hi0x/which_upcoming_ico_tokens_pay_dividends/
It would be better not using the term 'dividends'.
Mining, Masternode. etc would be better term. Team should know this.
