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Joules Explanation.md

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---Trimo 8/28/18

 So I've been getting asked this question a lot recently, "What is joules?",

Joules is a self sustainable smart contract. Joules works by paying dividends out to it's stake holders. When you Deposit Atheios to the contract you are issued joules(stake). Overtime you will be issued dividends you can either claim or reinvest your earnings. If you claim your dividends the ATH will be sent to your address. But if you reinvest your dividends you will will recieve more joules(stake) which will yield to a higher dividends payout. The fees allow for dividends payouts to be sustainable**

There's a safe math library imported into the contract to keep it secure from exploits.

  • Calculations:

  • Deposit fee: Amount/(100/7) = deposit fee - (14.28%)

  • Withdrawal fee: Amount/(100/4) = withdrawal fee - (25%)

  • Stake Calculation: stakeValue + ((100/7)/totalstake)

  • TotalStake is calculated by: totalstake issued + Stake increment

    So you ask yourself why would participate in Joules? Joules gives you the opportunity to grow your investment by reinvesting your dividends that recieve (which increases your overall stake)= higher dividend payouts or you could look at it as passive income where you'd just claim your dividends and do what you wish with them. Overall I look Joules as a way for people to have fun, if you're like me and don't have a lot ATH you can start small and let it grow. The possiblities are end less.

    Functions: Deposit:Use this to send ATH to the Joules contract. -Claim: lets you have your dividends sent your address. -Reinvest: Sends your dividends directly back to the contract. -preauthorize:Disabled -Start game:Disabled as game is already running. -Withdraw: lets you take out your ATH.(scroll down!) Call Functions <–– these functions require no gas.

    Call Functions: -dividendsForUser:displays your current earnings in wei -investment: Displays your overall holdings in the in the contract -stake:displays your current stake in the contract. -TotalStake: Displays total stake of all Joule holders.

-- wei to ether calculator: https://etherconverter.online/ <--- Use to convert to ATH

  • Investment Output is also displayed in wei
  • DividendsForUser Output is displayed in wei

–Withdrawal Instructions –please use the webwallet for this.

**Balances are displayed in wei use the calculator above if you're not sure what the amount is.

For any reason if you choose to withdraw you need
to do the following:
1)– Select Investment on the contract interface, 
and enter your address and hit read. this
is your current ATH holdings +/- (dividends 
depending if you reinvested or claimed them.)
2)– Next copy and paste that amount 
"20690041609344690193" wei <– a number will appear 
similar to the one I gave amount.
3)– After you've copied the amount in wei, enter it
 into the _amount box. Then you need to access your
  wallet. Once you've done that hit write and 
  execute the transaction.

If you have any Questions feel free to reach out to me on discord @Trimo#5265