The LODE Token is a virtual stake-holding in the LODE Ecosystem.
The LODE Token is a speculative Token that acts like an equity position in the LODE Ecosystem offering holders the benefit of the potential re-valuation of the LODE Token according to the valuation metric or bonded curve.
LODE Token holders are also entitled to a variable dividend payment (referred to as a Micro-payout) in the form of AGX Digital Coins.
Although the LODE Ecosystem is moving in the direction of an internal exchange where LODE Tokens will be able to be bought and sold immediately and without any intervention, that feature is still in development.
For now, the only way to sell your lode tokens is by way of a private sale to a member of the LODE Community who is qualified to hold LODE Tokens.
Following are the instructions to help you navigate your way through the process of selling your LODE Tokens privately within the LODE Community.
If you are not a member, you can join the group with the following Telegram invitation link.
Step two: Post a message on the LODE Community Telegram Channel indicating your desire to sell your LODE Tokens.
Interested LODE Community Members can then contact you (seller) directly and you and a potential buyer can privately discuss a possible sale/purchase agreement between the two of you.
*** Please note that members are not permitted to post prices for their LODE Tokens in the Telegram channel.
Step three: Once a buyer and seller reach a verbal agreement, each party must then send an e-mail to the Lode vault-master at email@example.com, and “copy” to firstname.lastname@example.org, and provide the following information:
1. The names and LODE ID numbers of both parties to the agreement,
2. The details of the agreement, including the number of LODE Tokens to be sold/purchased and,
3. The total amount of the purchase.
Step four: Once the vault-master has confirmed all relevant information, he will then notify both parties that the LODE Tokens at issue will be placed on “hold” until such time as the seller has confirmed receipt of payment from the buyer.
Step five: Once the vault-master receives confirmation of the payment being received by seller, the LODE Tokens will then be transferred to the Hyperledger of the buyer's LODE Members Portal account.
The buyer/LODE Member must have completed KYC in order to hold LODE Tokens on the Hyperledger.
The buyer/LODE Member must also have “agreed” to both the “LODE Token Investment Contract”, and the “AGX Coin Terms of Service” agreement. Both of these are located at the bottom of the “Profile Settings” page of their LODEpay Members Portal account.
Step one: Tap on the head and shoulders avatar in the upper right corner of the banner in your LODEpay Members Portal account.
Step two: Click on “Profile Settings”.
Step three: Scroll to the bottom of the page.
In order to receive the AGX Micro-payouts (every 52 days), the buyer/LODE Member must “copy” the Public Key Address from their LODEpay Mobile Wallet and paste the Public Key Address into the “Public Key Submission” box, also located on their “Profile Settings” page in their LODEpay Members Portal account.
For step-by-step instructions to help you locate the Public Key Address in your LODEpay Mobile Wallet, please click on, Where can I find my Public Key?
Completion of this action automatically redirects all future AGX Micro-payouts directly into your “AGX on SYSCOIN” account on your LODEpay Mobile Wallet when they are issued.