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TENX Token Rewards for Q3 2020

Released on

Jul 2, 2020

On 1 July 2020 at 9.00am (GMT+8), 400,000 PAY Tokens were distributed to the TENX Token smart contract as rewards for TENX Token holders for the period of Q2 2020.

Of the sum, 284,385 PAY Tokens will go towards TENX Tokens that belong to the public (both issued and unissued). The remaining 115,615 PAY Tokens will go towards TENX Tokens that are held by TenX in reserve.

100% of the 400,000 PAY Tokens were bought on the open market.

Q3 TENX Token Rewards in PAY Tokens

How are quarterly rewards determined?

Rewards are determined quarterly by the TenX Board of Directors, depending on financial performance such as revenue in the previous quarter and other relevant factors.

We are committed to buying a number of PAY Tokens from the open market for the purpose of paying out rewards. The rewards are then distributed into the TENX Token smart contracts in the following quarter.

Withdrawing rewards

How to withdraw rewards

To withdraw your accumulated rewards, simply send 0 Ether from your whitelisted Ethereum address to the TENX Token rewards contract address: 0xF5d49387EcFA36bD2BF047d9E72344A2b3afBB72

This transaction interacts with the TENX Token smart contracts to withdraw your accumulated rewards into your Ethereum address.

Note: Please set your gas limit to at least 100,000 to ensure the transaction is successful. Your transaction can also fail if your address is not whitelisted or has 0 rewards.

Not sure if your address has been whitelisted? Read on.

How to check if your address is whitelisted for rewards

Only Ethereum addresses that are whitelisted can withdraw rewards.

To verify whether your Ethereum address has been whitelisted for rewards withdrawal, visit https://etherscan.io/dapp/0xF5d49387EcFA36bD2BF047d9E72344A2b3afBB72#readContract and insert your Ethereum address within the isisWhitelisted query to check.

If your address is not whitelisted, here’s how you can whitelist it on the TENX Token Webapp.

Check your rewards balance

To check how much unwithdrawn rewards you have accumulated on a particular Ethereum address, visit https://etherscan.io/dapp/0xF5d49387EcFA36bD2BF047d9E72344A2b3afBB72#readContract and insert your Ethereum address within the unclaimedRewards query to check.

Note: To correctly interpret the value, please add a decimal place 18 digits from the right. 18 decimals is standard for ERC-20 tokens.

FAQs

Can I withdraw my rewards balance partially?
No, each time you withdraw your rewards by sending 0 Ether to the TENX Token rewards contract address, you are withdrawing the full rewards balance accumulated on your Ethereum address.

Do I have to withdraw my rewards daily?
You do not have to withdraw your rewards daily. Your Ethereum address will accumulate rewards automatically and will continue to hold them until you choose to withdraw your rewards. You may choose to withdraw your accumulated rewards at your convenience.

How do I calculate my part of the rewards? MY PART OF THE REWARDS = (DEPOSITED REWARDS * TOKEN BALANCE / TOTAL TOKEN CAP)

In the case of Q3 2020 rewards, it would be 400,000 x (YOUR TOKEN BALANCE/205,218,256).

Note: The calculations are for the entire quarter, but rewards are distributed to the smart contract daily.

Can I transfer my TENX Tokens to a different address and withdraw my rewards to that address?
The TENX Tokens are transferable, like any ERC-20 tokens. The rewards will accumulate on the new address. You will be able to withdraw your accumulated rewards after your new address is whitelisted. Here’s how to whitelist your new address.

Why did my transaction fail?

  • Your address may have 0 allocated rewards
  • Your address may not be whitelisted (you can also check on the Rewards Etherscan Dapp page)
  • Your gas limit may be too low. In this case, set to 100,000

If you have any further questions about TenX please…