Bitcoin Forum

Trading is done on the ripple network, with DividendRippler.com (https://www.dividendrippler.com) creating the asset. This is DividendRippler.com first asset offered. Symbol is ‘TBL’ in ripple, the issuer rNF5qUPCcge7uSStj6oKuoQs38BaM8362s.

TBL page at DividendRippler.com: TBL (https://www.dividendrippler.com/asset?ra=rNF5qUPCcge7uSStj6oKuoQs38BaM8362s)
Offering document: https://dividendrippler.com/static/assetfiles/TBL/TAABL_0001.pdf

Summary:
TAABL.net (http://www.taable.net) is an anonymous lottery, with the site taking 1% of all games offered. Because TAABL.net earnings have been mostly retained since opening, there will be large dividends to start. Please note these dividends are inflated in the early stages of TBL as a new asset offered by DividendRippler.com

Dividend Schedule: 25% of all retained earnings plus monthly earnings.

Retained earnings at IPO (2013-04-28).
BTC: 11.5183
LTC: 32.6999
TRC: 48.8970

Dividends should be announced a week before end of calendar month, with payments made first week of each month. First payment will be in early May 2013.

Minimum first payment (collect all 3 dividends per interest right):
BTC: 11.5183 * .25 = 2.8796, or 0.028796 per IR
LTC: 32.6999 * .25 = 8.1750, or 0.8174975 per IR
TRC: 48.8970 * .25 = 12.2243, or 0.122425 per IR

Look in this thread for dividend schedules and updates. Post or PM me on how to get onto the ripple network using DR.


edit: added link

First dividend will be paid Monday, May 6th. The dividend will be:

BTC: 2.879567285, or 0.02879567285 per share
LTC: 8.174999663 or 0.08174999663 per share
TRC: 12.22424995 or 0.1222424995 per share.

Each share will receive all 3 payments.

May dividend has been paid. There is an error with one shareholder that does not have enough trust to receive payments.

https://dividendrippler.com/asset?ra=rNF5qUPCcge7uSStj6oKuoQs38BaM8362s

How do you actually buy shares?  I've tried pulling up orderbooks for BTC/TRL on ripple using dividendrippler as the issuer, and it's blank.

Sure:

advanced -> trade. TBL/BTC

Base (TBL, not TRL) is rNF5qUPCcge7uSStj6oKuoQs38BaM8362s, and the counter (BTC) is from dividendrippler (rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX)

So shares are bought and priced in BTC?

Shares are bought and priced in whatever the seller decides to accept, really. The initial offering has asks on BTC.dr, LTC.dr and TRC.dr. Following TTBit's example above, if you want to see the order book for TRC you just select that to be the counter and the issuer to be dividendrippler (rfYv1TXnwgDDK4WQNbFALykYuEBnrR4pDX).

Might be worthwhile to note that share owners must trust DividendRippler (not the asset) for BTC, LTC, as well as TRC.

But what exactly happens if you don't? Will Ripple find a trading path to your account so you receive it in some other currency?

No alternative payment is attempted at this point. You might trust DR for BTC and not LTC but the best order in the market might be below your expectation.

What happens is simple, the payment stays failed until you retry it, and will fail again if you retry it without granting proper trust. Also, there is one global retry per day, so just add the trust line and within 24hrs at most the payment will be sent.

Announcing another dividend. Will be paid in the next 48 hours:

Each interest will get 1/100th of:

BTC: 2.162951875
LTC: 6.13124975
TRC: 9.168187465

Unfortunately I had to do a reinstall of the machine that handles the payouts, and I'm still waiting on the multiple blockchain downloads. As soon as this is over I'll process the payout.

July dividends to be posted soon:

LTC: 5.54843715
TRC: 6.8761406
BTC: 1.62326246

August Dividends

TRC: 5.15710545
LTC: 4.16132786
BTC: 1.21977181