First successful "Stipend" transaction on SystemD Testnet

[Vokez]

Yesterday, the first successful "Stipend" transaction was performed on the SystemD Testnet.

What is a Stipend payment?

A Stipend transaction is a payment of 120 SYD to an activated and qualified account.

One Stipend payment is included in each ledger closing.

Each qualified account can only receive 1 stipend payment per day.

In the initial stage, there will be ledgers that do not have stipend payments in them, once all of the possible stipend payments for that day have been made.

Once the number of qualified accounts becomes greater than the number of ledgers per day, then the system will select the stipend recipients for each day in a random manner.

We will be releasing a new version of xts-rippled that includes the new Stipend feature after more testing.

Edited February 3, 2019 by Vokez

[retryW]

But what is the point of a Stipend tx ?

[Palerider]

On 2/3/2019 at 4:01 PM, retryW said:

But what is the point of a Stipend tx ?

Yea....please let’s us know @Vokez