Subscribe to Our Newsletter
Tuesday July 05, 2022
Bitcoin (BTC) $19,801.18   Ether (ETH) $1,124.05
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Networks & Protocols

P2P betting app ZenSports pays out first dividends to SPORT token holders

Published by CryptoNinjas.net
10/10/2019
P2P betting app ZenSports pays out first dividends to SPORT token holders

ZenSports, a peer-to-peer (P2P) sports betting application, today announced the issuance of the first dividend payouts to all SPORT security token holders.

Back in August, the ZenSports team announced that it would begin paying a quarterly dividend to investors and holders of SPORT security tokens.

The dividend is based on the total SPORTS utility token betting volume achieved each quarter within the ZenSports app.

With Q3 2019 just ending on September 30th, the first-ever quarterly dividend has now been distributed. See below a breakdown of the payout:

  1. Maker betting volume for Q3 2019 was 136,160,105.60 SPORTS tokens.
  2. Taker betting volume for Q3 2019 was 129,945,242.30 SPORTS tokens.
  3. A total of 266,105,347.90 SPORTS tokens were wagered during Q3 2019 within ZenSports. Based on the 1:1 SPORTS token dividend distribution to SPORTS token volume ratio during this quarter, 266,105,347.90 SPORTS tokens were distributed to SPORT security token holders.
  4. Based on the percentage ownership of SPORT security tokens that each wallet address maintains, holders receive that same corresponding percentage of the SPORTS utility tokens distributed for each dividend. For example, a wallet that owns 1% of all SPORT security tokens receives 1% of 266,105,347.90 for this quarter’s payout.

In addition to betting with bitcoin or fiat (USD), ZenSports offers its own cryptocurrency utility token called SPORTS. When users place bets using SPORTS, they pay discounted fees, get cashback for reaching certain betting volumes, and earn bonuses for performing other actions.

The SPORTS utility token is built on ICON’s blockchain protocol. Users are able to deposit and withdraw SPORTS to and from their accounts using the ICONex wallet at any time.

SPORT

A few months after ZenSports launched the beta of its peer-to-peer sports betting app to select customers in September 2018, it created a security token called SPORT.

SPORT was pre-sold in summer 2018 and sold post-creation in December 2018 to accredited investors in the U.S. through the Regulation D exemption and to non-U.S. investors through the Regulation S exemption. The security token was created as a novel, blockchain-based asset which provides investment returns to investors without the need to wait for a formal exit.

22
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto betting app ZenSports closes additional $770K+ in seed funding

02/26/2020
P2P betting app ZenSports pays out first dividends to SPORT token holders

ZenSports, the mobile peer-to-peer sports betting marketplace where anyone can create and accept sports bets, announced today the company has closed an additional $770K+ in funding across multiple angel investors. After launching its sports...

Read more

Crypto betting app ZenSports integrates own native token exchange

02/05/2020
Crypto betting app ZenSports integrates own native token exchange

ZenSports, an ICON-blockchain based betting app, today launched its very own exchange for trading SPORTS tokens. Users can now buy, sell, and trade SPORTS without having to go to a 3rd-party exchange. The decision...

Read more

Blockchain betting app ZenSports 2019 Q4 volume increases 5x from Q3

01/13/2020
Betting app ZenSports Q4 volume increases 5x from Q3 2019

ZenSports, a P2P betting application powered by blockchain, announced today its 2019 Q4 dividend payout was made last Thursday, January 9, 2020. Q4 was over 5x higher than Q3 in terms of betting volume,...

Read more

Blockchain based betting app ZenSports closes $675K funding

10/30/2019
P2P blockchain betting marketplace ZenSports gets $675K in seed funding

ZenSports, a mobile-based peer-to-peer (P2P) sports betting marketplace app, today announced the closing of $675K in additional seed funding. This new funding was led by Jor Law, Co-Founder of VerifyInvestor.com, which was acquired by...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

Societe Generale – FORGE selects METACO to manage blockchain asset capabilities

06/30/2022
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy