Forex Zone Token (FZT)

I like the new BTDEX distributions since they show in the Distributions tab in the explorer. As compared to the multi-outs which display mixed in a long list of other transactions. Newcomers to FZT can easily verify daily distributions now in an organized manner, but if they see it's stopped then they may think it's a scam or unreliable and not know to check in the other transactions.

So I'd rather keep it going how it has been even if someone receives a little less for locked tokens from sell orders. Most sell orders are small too and result in little change. I'll issue a little more to compensate until this issue get's resolved.

I don't blame you.  The new revenue distribution button is convenient.  Just be aware that the preview will not always match the transactions that are sent out.

An extra payout was made due to a test. This is related to the issue reported before. There does indeed seem to be a problem. Maybe this is how distributions were designed though. I do not know, but if there are tokens locked for sale then they are NOT considered for distributions. Below is proof of this.

After the last payout, account S-A8QW-Q8MK-K3FZ-2J6XB placed a sell order for 1000 FZT. This was 100% of the account's available. Afterwards, a new payout was issued from Forex Zone and they received no payout at all. So all FZT was placed for sell and the distribution feature of BTDEX treated this as holding 0 FZT and issued no payout to this account.

@smdburst - If you would like to run a test to confirm, just let me know. But I think the above proves there is an issue. Please pass this information along in the community.

There has been some talk that this is fine the way it is.  I hate that idea because it reduces token liquidity on BTDEX.  SIGNUM best feature is its token economy.

I personally do not mind either way it is done. It will reduce liquidity like you said since sell orders will have a disincentive. However, it may benefit holders though since it reduces selling pressure. And it could attract new traders/investors too since the buyers will out number the sellers.

Also, a seller does not want the tokens anyways. If their order would be taken a few minutes later, the tokens would not be owned anymore. Since an order is not taken for a while then the person thinks they should get a distribution for this amount, but they didn't want the tokens. So the difference is the timing if you know what I mean.

There are good and bad about both ways I think. I have issued the standard payout of 1000 today. If someone wants to sell for a higher price and the order may not be taken for a while, I recommend they just cancel the order before the next distribution. Distributions are typically sent out from 10:00-15:00 UTC time each day. You can cancel the order before then and then get the distribution and then replace the order again. Also, the extra payouts sent out recently from the bonus and testing should more than compensate for most people.

A new FZT Posting Bonus system has been launched. It's a big benefit for FZT holders.

FZT holders can receive an automatic bonus to their Signa address after each post they make on this forum. Just make a post and watch it show up in the Signum explorer within seconds.

Participation is easy and free. Just remember, no cheating at all. Follow all forum rules and provide quality posts.

ADMIN,
Please let me know if you have a chance to try the updated BTDEX v0.6.5 for revenue distributions.  It has the ability to choose to include or exclude counting tokens for sale on BTDEX when calculating payouts.

I did not try today because there was only 1 sell order open at the time. Also, in Github it says "Option to use the multi-out method to distribute revenue". Which seems to mean that this new version is giving people the choice to use the old multi-out method or the newer distribution method. If this assumption is true, I prefer to keep using the current distribution method because I like how the daily distributions show up in the explorer. It has it's own tab and is more organized than a multi-out which is buried in a large transaction list. 

The daily payout for August 03 has been sent.

As a reminder for anyone who missed yesterday's announcement, there is a new FZT Posting Bonus system. Get instant Signa after every post you make sent directly to your wallet.

Thanks for the bonus!  These occasional FZT payouts are very welcome and keep the token interesting.

The value of FZT is more than it appears.  This is reflected in the current price!