Hello! We are thrilled to announce the launch of the ET order dividend function. Newdex is the first exchange that supports ET order dividend function across the whole net. Under the principle of "safe, open and transparent", we have made another breakthrough while exploring decentralization.
Most Token holders of Endless Dice know that the dividend pattern on ET is "no pledge, no lock, periodic snapshot dividend". ET project party take a snapshot of ET holdings at 23:59:59 GMT per day, and then distribute dividends according to the proportion held, without affecting the free flow of ET.
Users can not collect the dividend if they place an ET selling order on Newdex during the snapshot. On October 30th, some users suggested that we should develop the function of "ET order dividend". After some internal discussions, we considered that it is technically feasible, and that the function would be extremely user-friendly, setting the ET holder free off the hesitation between collecting dividend and placing order. In the evening of October 30th we completed the requirement discussion and defined the technical solution, and the technique department completed the development and testing of the function on October 31st. We completed the first snapshot of ET orders at 23:59:59 GMT time on October 31st, then finished the first dividend distribution at 08:37:28 GMT time on November 1st (if the amount of dividend is less than 0.0001EOS, the dividend can not be collected because of transfer disability).
We are also sorry to inform you that we had missed the snapshot of the day by the time the development was completed. After careful consideration we decided to give up the dividend that day because it would increase the dividend pool on November 1st and benefit the majority of ET holders.
Newdex platform ET order dividend rule: Based on the proportion of ET order according to each snapshot (GMT Time 23:59:59), we distributes the dividend received by the Newdex entrusted account, which is 100% allocated to the users.
In the future, if the ET dividend rule remains unchanged, we will pay dividend to the users who place ET orders daily according to this rule. Thank you for your trust in Newdex and we hope you will continue to support us!
November 1st, 2018