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IQ_Option
Number of messages : 186
Points : 1020
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

How to Mine OTN Tokens?

on Sun Nov 19, 2017 10:44 am

Many IQ Option traders have been asking about the process of OTN mining* and why the number of expected OTN tokens they see at the beginning of the week does not correspond to the number at its end.

You must be thinking IQ Option is up to something evil here. This article will prove the opposite.

First thing first: how can you mine OTN tokens?

  • Go to the IQ Option platform, find Crypto or CFD(crypto) assets on the top left panel of your trade room;
  • Pick an asset, determine the investment amount, agree to the commission you will pay for the trade;
  • Once the purchase is made, a corresponding number of OTN tokens gets added to your OTN balance.


How to locate them?



  • Find the OTN image on the left panel, scroll down to the Expected OTN amount section;





  • Check how much commission you have paid this week and how many OTN tokens this will give you;
  • Hit the light green amount of expected tokens, it will show you how we calculate your expected amount of OTN.




Is there a secret way of counting these?

Not really, we use the following formula: your OTN = (your commissions/total commissions)*OTN amount to be released at the end of the current week.

Thus, if you trade on Monday, pay little commission but the expected OTN amount is 200,789 tokens, please be aware that this is correct only for the present time.

With the growth of total commissions, your share will be diminishing and may turn out to be 100 OTN instead of 200,789 once the emission takes place.

Here is an example:

  1. The total amount of commissions charged to traders on the Crypto instruments on the IQ Option platform was $1,000,000 for the calculated week.
  2. The amount of commissions paid by you on the Crypto instruments for the same week amounted to $2,000.
  3. According to the emission schedule, 350,000 OTN tokens are being released this week.
  4. The number of OTN tokens you receive = (2000/1,000,000)*350,000=700.



What’s next?

  • Withdraw OTN tokens to your Ethereum wallet and sell them on exchanges. Livecoin exchange for now;Pay commissions for trading on the IQ Option platform;
  • Wait for the OTN to launch and exchange OTN tokens to OTN coins at 1 to 1 ratio.



*IQ Option is a brokerage company and does not provide OTN tokens to clients. All tokens are provided by the OTN foundation. The OTN foundation confirms that it does not sell OTN tokens and that the activity is non- commercial.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


avatar
IQ_Option
Number of messages : 186
Points : 1020
Date of Entry : 2016-03-03
Year : 37
http://affiliate.iqoption.com/redir/?aff=27972

Re: How to Mine OTN Tokens?

on Sun Nov 26, 2017 6:19 pm

How to Get OTN Tokens?

First is to mine them by trading crypto assets on the IQ Option platform. Each week a new portion of OTN tokens will be distributed among all traders involved in the cryptocurrency trading. The number of tokens received by each individual is directly connected to his respective trading volume. Please note that the number of tokens released weekly will gradually diminish, thus increasing the mining difficulty and simultaneously driving the token price up.

The second option is to buy OTN tokens directly from livecoin.net. The exchange can also be used to sell OTN tokens. This option is designed for those who are not particularly interested in trading. The difference between two approaches is clear. While those who buy OTN tokens via an online exchange miss out on any potential trading-related profit, IQ Option clients have a chance to both receive OTN tokens and capitalize on the cryptocurrency trading itself.

It is your choice whether to sell the received tokens now or to wait for them to appreciate and capitalize on them later.The OTN system itself is designed with an idea to revolutionize the cryptocurrency industry, turning separate blockchains into a global network and providing additional opportunities for individuals, traders, businesses and regulators. OTN tokens can, therefore, be expected to go up in price due to increasing popularity of the Open Trading Network and related services.

On the technical side, the amount of OTN tokens released each week is going to decrease over time. According to the laws of demand and supply, the price of OTN tokens will go up due to contracting supply and growing demand. If not for speculative purposes, OTN tokens can also be used to cover the commission when trading on the IQ Option platform.



Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


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