REDISTRIBUTION OF FEES TO HOLDERS (ALL TOKENS)
Our VeoShopping and VeoStream platforms use the Blocklite Payment Gateway which charges a processing fee to vendors (4% – Dominican Standard for Visa and MC). The X Wallet charges a transfer fee between users (0.2% to a maximum of US$1.00) while the tokens are On-Chain (On the Blocklite Chain)
Half of all these fees are redistributed between coin holders in real time prorated to how much coins they hold versus how much coins are in the system at a given moment. This means that Blocklite Coin holders make money on holding Blocklite coins, even Blocklite stable coins (Applies to Off-Chain tokens also, Off-Chain Tokens receive their profit shares daily). This redistribution is system wide, meaning that this happens regardless of whether you hold Net Coin, Stable Coin or Novelty Coin.