Dear BitShares Community,
We are thrilled to announce that BTWTY.EOS, a gateway token for EOS on the BitShares network, will be offering users an exciting opportunity to earn a 5% annualized dividend on accrued balances. This innovative program is designed to reward the dedicated holders of BTWTY.EOS with consistent and reliable returns, making it a valuable asset for any investor looking to maximize their portfolio's performance.
BTWTY.EOS is a token that integrates seamlessly with the BitShares ecosystem. It operates as a liquidity and collateral token, ensuring that users can always swap EOS for other assets and access credit offers on the BitShares platform.
5% Annualized Dividend. Users who hold BTWTY.EOS will receive a reward of 5% annually, regardless of trading activity. This is a unique opportunity to earn passive income while contributing to the growth of the BitShares financial ecosystem.
Why are we offering this? BTWTY is offering this dividend as an effort to reward stakeholders who have come along on this gateway journey with us. As some of you may know EOS itself is poised to undergo a major name / ticker change. No official statements have been made but indications across several social channels indicate a Spring announcement. This change may present unforeseen challenges for BTWTY.EOS gateway, because along with other assets on the BitShares blockchain they are immutable. Meaning just because the EOS network rebrands itself and its native token BitShares codebase will forever reflect the EOS assets. We are raising this potential future issue along with the incentive program to foster collaboration among EOS gateways on BitShares in the hope they can come together to represent this new asset without any friction.How to Participate:
- Deposit native EOS to the XBTS gateway. You can do this from any EOS wallet by transferring to “xbtsiowallet” with the memo of your BitShares account name. You will receive XBTSX.EOS within minutes.
- Convert XBTSX.EOS to BTWTY.EOS using credit offer ID 564. You immediately will see BTWTY.EOS in your account balance. After 30 days you will be eligible to claim your annualized reward by exiting BTWTY.EOS back to XBTSX.EOS using credit offer ID 626. You can then withdraw to native EOS or trade with your earned assets on the BitShares DEX.
Note! Be wary because the reward is calculated based on the redeemed amount you’ll want to be aware of what actions you take with your new BTWTY.EOS. For example, a user could stake the EOS into one of several liquidity pools but with caution because the design of LPs means that token balances can change moment to moment. You’re free to do anything with BTWTY.EOS once you obtain it – including simply holding in your account until you’re ready to redeem. This would be the ‘risk-free’ approach to capturing the reward.
This is an exciting development for BitShares and the broader EOS community, offering users a new way to participate in the growth of one of the most advanced blockchain platforms in the industry.
