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RE: Tradeqwik Customers Buy Nearly 40,000 TQS Since First Dividend Payout

in #tradeqwik7 years ago

That is a good question, and a great topic for a future article. The short answer is that TQS is an asset that entitles the owner to their part of 20% of all the trading fees collected on Tradeqwik. Tradeqwik is a key component to the VIVAconomy, as it is where people can hold and trade their VIVA. A VIVA Crown is essentially a software license which entitles the owner to run a VIVA mint if they want to. The VIVA mints serve a similar purpose as nodes in other cryptocurrencies and they are also where new VIVAs are made and put into circulation. Crownholders have a vote in determining the supply of VIVA to be minted in a given quarter. Crownholders are often also given assets in other entities of the VIVAconomy. For example, when TQS was issued, all Crownholders were given one TQS per Crown held.

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Thanks! Now I understand it better :)