Tradeqwik paid TQS dividends a day late this week, at five times the normal rate to make up for the delay. Here are all the trading fees collected last week:
| currency | balance |
|---|---|
| BCH | 0.01100000 |
| bitUSD | 0.00000000 |
| BTC | 0.15393260 |
| DASH | 0.00000000 |
| DOGE | 0.00000000 |
| ETH | 0.94798236 |
| EUR | 0.00000000 |
| GBG | 0.00000000 |
| GBP | 0.00000000 |
| GOLOS | 0.00000000 |
| LTC | 0.62731967 |
| MXN | 0.01904349 |
| RUB | 0.00000000 |
| SBD | 172.90456539 |
| STEEM | 212.92351521 |
| TQS | 0.50108987 |
| TRAIL | 0.00096650 |
| UAH | 0.00000000 |
| USD | 0.01186684 |
| vGX | 0.00000000 |
| VICO | 0.00000000 |
| VIP | 0.00000000 |
| VIVA | 142.86918232 |
| VIVA CROWNS | 0.10344290 |
| VTR | 0.24288700 |
| XAU | 0.00160375 |
| XWANG | 0.00000000 |
Each TQS share received 1/32423.80 of the above amounts. TQS shares are currently selling for just under 10 VIVA/TQS.
So what is causing the delay in both dividend payments and updates?
It's all good, actually. Tradeqwik is one very important component of the overall VIVAconomy, but it is not the only one. Many of the other VIVAconomy components have yet to be rolled out, but one called Galaxy Vault is just around the corner. It will provide many of the financial services typically provided by banks, but without actually being a bank. It will pave the way for people to use VIVA more widely outside of Tradeqwik, as in to actually buy things with it.
This week's VIVA Peg
Once again the VIVA Peg has moved up on its journey to its target of $10. It is now $8.53. Only five more weeks to go until the target peg is reached, so there is still time to stock up on VIVA below $10.
And now, some Tradeqwik education...
Perhaps you wonder where VIVA comes from. VIVA is produced by VIVA mints. Right now, there is only one active VIVA mint, Tradeqwik, but that will change as soon as the software behind the mints is ready for more general use. All VIVA Crownholders have the right to run a VIVA mint and mint VIVAs. Crowns are currently selling for 410 VIVAs in case you wanted to pick one up. If you can't buy an entire Crown all at once, you absolutely can buy your Crown in pieces a little bit at a time.
Once a quarter, each Crownholder is awarded one Treasury Right (VTR) for each Crown held. Each VTR provides the right for the mint to mint an amount of VIVA that is based on the current demand for VIVA as shown in the market relative to the Peg. If VIVA is selling for more than the peg, then the Treasury Right will mint more VIVAs and that should bring the price down. If VIVA is selling for less than the peg, then the Treasury Right will actually mint negative VIVAs to remove them from the supply, and that should bump the price back up. I am oversimplifying it for brevity, but this is basically how VIVA is able to maintain its peg while so many other cryptocurrencies are up and down enough to give you motion sickness.
At the end of the quarter, all VTRs which have not been burned in the minting process automatically convert to VIP, which gets added to their owners' VIP retirement accounts. Then a day or two later, all Crownholders are issued brand new VTRs and the process begins again.
Because there is only one mint and that mint already owns a number of Crowns, there isn't a whole lot of demand for VTRs on the open market. This should change dramatically once more mints come online. But regardless of demand, all VTR holders need to understand that the current value of what they are holding should really be determined by how much VIP will come out of that VTR when it makes its conversion at the end of the quarter. The number of VIP per VTR is based on a rolling average of how much VIVA was minted per VTR over the past 90 days. If all the VTRs were to convert to VIP right now, each one would yield 1100 VIP, according to Tradeqwik CEO William Banks.
As mentioned, your VIP account is your retirement account. Once it reaches 8760 VIP, you will have the ability to convert it to drawdown mode where it will pay out 24 VIVA every day (by converting the VIP back into VIVA). The minimal drawdown amount of 8760 will allow you to draw down a "pension" of 24 VIVA per day for one year. You might want to accumulate more VIP before drawing it down--perhaps wait until you have 87,600 VIP, or enough for a daily 24 VIVA payment for ten years--but that is your decision. If you change your mind, you can switch it back into compounding mode (making the switch from one to another as often as once a week).
Everyone talks about how saving up for retirement is difficult, but is it? VTRs are currently selling for just under 80 VIVAs apiece on Tradeqwik. I told you that if they were to convert to VIP today, they would do so at a rate of 1100 VIP per VTR. So, you pay 80 VIVA to get one, and in about two months it could add 1100 VIP to your retirement account. We at Tradeqwik never offer specific investment advice, but we do enjoy pointing out the math involved in our assets from time to time, so that you can make better informed decisions. There is no guarantee of course that this quarter's VTRs will actually yield 1100 VIP. If the Tradeqwik mint does any negative minting between now and the end of the quarter, that will drive the average down. Last quarter, each VTR yielded 800 VIP. Past performance is not a guarantee of future performance.
VICO upvotes
I promised everyone who guessed what VICO stands for an upvote. And then... somehow eight days went by! we're not yet ready to make any announcements about VICO, but I'd still love to give you your upvotes. Please post your guesses here, and I'll be more on top of the upvoting this time.
That's the Tradeqwik news (and education) for now. We'll post another update as soon as there is some more news to share with you.
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