Every 3 months (starting February 2019) you will receive a dividend token for every LCS that you own. If you own 1000 LCS, you will receive 1000 dividend tokens.
To redeem the dividend tokens.
1. Manually Add Your Custom Token:
To view your dividends in a private wallet or MEW please add these details manually under add a custom token.
Ticker - LCSD2019Q1
Decimal - 18
Contract Address - 0x6A52b1522cEfF5F2dBf3ccB6Efd01FD28BF26541
2. Sign Up / Login:
3. Find Your deposit Address:
Once you have logged in, Click on the wallet tab, located at the top right of the screen. From here you will be greeted with a few tabs, select deposit. Once open from the cryptocurrency pulldown menu locate LCS Dividend Token - LCSD as in the picture.
4. Send Your Dividends To The Exchange:
If you keep your LocalCoinSwap cryptoshares in a wallet such as coinomi, ledger or trezor you will now need to send your dividends to the platform after signing up or logging in. If you hold your LCS cryptoshares already on a wallet in the platform, you can ignore this step.
Once your LCS dividends have been received in your wallet address located in the previous step, or if you hold your LCS cryptoshares already on the platform you will see your available LCS dividends balance in your wallet.
Next to the balance, you will see a large green box as shown in the picture titled “redeem”.
Click this button and you will be asked for your 2FA code if you have enabled it in your security settings.
You will be asked for a final confirmation and shown the number of dividends you will receive in all traded cryptocurrencies over the past quarter.
Click yes to proceed.
All of your dividends will be unlocked and your wallets will be credited instantly.