In the past week we completed and successfully launched our rewards system for holders. This system was designed to somewhat resemble staking and/or master nodes. The requirements to receive rewards was to hold at least 50 million TBOX on the WavesDex exchange. If you do this you will get rewards airdropped to you every 4 hours until we distribute a total of 5 billion TBOX. The rate at which we are distributing is explained in last weeks medium post if you are interested in more details about that.
To my knowledge Crypto Toolbox is one of the first Waves tokens to design a rewards program like this for holders. This was designed by us from the ground up to meet our specifications. At the time of this writing we are distributing roughly 1.3 million TBOX to 27 holders every 4 hours. This has been growing steadily since we launched it earlier this week. If you have not already consider getting enough TBOX to qualify and get in on this reward opportunity. At the current rate of distribution it will last just over a year and a half. However, I expect it to increase as more people start to hold and it will probably be distributed in well under a years time.
Our next goal has been mentioned many times and that is to create a site similar to coin market cap that works slightly differently. We are in the process of creating a site that will monitor exchanges for new coins and auto list them. We feel that the best opportunities are often new coins that start to pick up volume on some smaller exchanges. Our new tool will find this type of coin and allow you to filter by exchange and volume. We have many more ideas to put into this site like a few paid promotional slots for new coins or tokens to get some exposure. We plan to offer these slots based on TBOX bidding. The highest bidder will land the advertising slots for 1 week at a time. There will be many more ways that we will use out TBOX token on this site.
As we mentioned before, a site like this requires a lot of resources to constantly be looking for new coins, always updating current stats and also be looking for coins that are de-listed for whatever reason. So we are taking our time and making sure to set this up right from the beginning. We are using a dedicated server to perform all these tasks. There is still much to be done with this project. I cannot say for sure when it will be ready but I will say that sometime in quarter two of 2019 we will release the first release of this site.
This is one of the reason that we decided to offer the holders rewards. It offers our holders a little something extra while you wait for the next tool from Crypto Toolbox. Do not forget to utilize our free exchange alerts, waves alerts, Binance alerts and much more that is available at https://cryptotbox.com. Also, make sure to be in our telegram where we offer daily communications between us and our community, https://t.me/cryptotoolboxofficial.
