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Tier 4 buy side liquidity in excess of $120,000 shall be used to conduct PPC distributions at a rate of 5% of the excess per week. As this is intended to overlap with share buybacks as defined in motion 7b4955e91781e0e32f1e0c0c974fd4a7a9f972a3, shareholders must be cautious about keeping the dividends from preventing a low-price buyback. For that purpose, the dividends will be calculated on the same Saturday as the buyback, while the actual distribution will be performed using a cutoff timestamp at 11:59 PM GMT on Wednesday. The intent is to allow shareholders the opportunity to both recieve their dividends and then sell their shares into the buyback a brief 2 days later. The dividend distributor has seven full days to buy the peercoin to be distributed, with a distribution deadline of 11:59 PM GMT on Saturday. The distributor has no obligation to announce buy orders or any other publicity overhead aside from the weekly dividend calculation when T4 is >$120k and the average price of purchase for the PPC each week. The group in control of Tier 4 liquidity, which may change in the future, is ultimately responsible for performing the distributions. However, @Nagalim is available for performing this service as well at no charge.
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