Following the agreement set forth in this motion, I have made the first of two “Period 001” dividend distributions.
50,000 NBT worth of peercoin based on the value of PPC/USD when the motion passed at 20:50 GMT was: $0.732 PPC/USD
68,306 PPC were purchased and distributed to 481 unique addresses held as of 16:00 GMT on 18-Nov-2014.
Period 001B’s distribution will occur as soon as the remaining 22,000 NBT’s worth of sales (at a 10% withholding rate) occur now that this distribution has happened. We are still not able to automatically withhold so there will be some manual adjustment required. Additional updates included in the next grant report, most likely due out within the next day.
Thank you for your hard work @KTm, I know much of what you do is probably unappreciated by us in the general public. I’m particularly grateful that you were able to acquire a large volume of PPC at the market rate. Well done!
If your shares were purchased less than 36 hours prior to the dividend being disbursed, my understanding is that you would not have qualified. However, your NSR would now be eligible for all future dividends.
So, the payout was effective more than 39 hours after the purchase of the NuShares. So, theoretically the PPC address associated with the NuShares address should be in the payout’s address list.
The associated PPC address is PSaEaz5JYkeyvJHm3bVruTPLBLPStcajNh as you can check here:
I would like to make clear that my concern is not about the payment itself (which I have calculated around 0.8 PPC) but about the integrity of the payout operation.
It seems to me that instead of working on a protocol level the conditions to be eligible to be included in the payout are set by the custodian in the Custodian Proposal.
So, I guess she is the one to clarify what happened here.
I would not like this is taken as a direct criticism to anybody but to a way the community can learn which mechanisms are better to handle this complicated and inevitable processes. Even more complicated knowing this is the first dividends payout ever in Nu history.