In this guide, we will demonstrate how to receive rewards from the ROYAL Pool in ULTIMA and explain the splitting process in the ROYAL Pool.
Withdrawing ROYAL SPLIT Tokens From the Dashboard
To receive rewards from the ROYAL Pool in ULTIMA using the DeFi-U product, you need to withdraw ROYAL SPLIT tokens to your wallet in the SMART Wallet app. Don’t forget to update your wallet to the latest version and ensure you have enough SMART to conduct transactions. We recommend having up to 10,000 SMART to perform operations with SPLIT tokens. To activate, simply transfer 0.1 SMART to your wallet. Also, please note that two-factor authentication will be required to withdraw tokens.
So, to withdraw ROYAL SPLIT tokens, open the dashboard on the DeFi-U website and select ROYAL SPLIT in the upper right corner:
At the top left, you will see your available balance My ROYAL SPLIT with a Payout button. Click this button:
In the opened window, you will need to paste the address of your ROYAL SPLIT token into the Wallet address field (the address can be copied from the SMART Wallet).
Paste the copied address, enter the amount of ROYAL SPLIT tokens you want to withdraw in the field next to the address, and click the Transfer button:
A window will open where you need to enter the two-factor authentication code. Open the Google Authenticator app and enter the current code from the app into the corresponding field.
If everything is done correctly, you will see a message confirming that the token withdrawal request has been created. The tokens will soon be sent to the wallet you specified.
You can find the payout history in the Transactions — Payout section:
Splitting in the ROYAL Pool
Step 1: Freezing ROYAL SPLIT tokens
Select the ROYAL SPLIT token in your wallet:
A screen will open with detailed information about your balance and transaction history.
To participate in splitting, you first need to freeze your ROYAL SPLIT tokens.
Let's start the process of preparing for the splitting of the ROYAL SPLIT token. Click on the freeze symbol:
On the screen that opens, you will see your available balance for freezing and the total number of frozen tokens:
To freeze the tokens, click the Freeze button. On the next screen that opens, you will be prompted to enter the number of tokens to freeze. Enter the desired amount and click Confirm:
Next, you will need to confirm the action with your PIN code:
If everything is done correctly, you will see a congratulations screen, indicating that the tokens have been successfully frozen:
Step 2: Requesting Rewards for Frozen Tokens
Now let’s talk about how to request your reward.
Choose the ROYAL SPLIT token and click the Splitting button — it is located just below your balance:
Please note that splitting requires SMART coins in your balance — they are necessary to pay for executing the smart contract. If you do not have enough SMART coins, you will be prompted to top up your balance:
If you have enough coins, a window with information on the current status of splitting will open:
On the screen that opens, you will see the following information:
"My Frozen ROYAL SPLITS" — the number of frozen ROYAL SPLIT tokens in your balance;
"Total Frozen ROYAL SPLITS" — the total number of frozen ROYAL SPLIT tokens in the blockchain;
"Daily Reward" — the daily amount of ULTIMA tokens distributed among users who have frozen ROYAL SPLIT tokens;
"Current Block" — shows the current block in the blockchain;
"Last Block" — shows the last block for the current halving period;
"Expected Reward" — an estimated amount of reward for all splits that can participate in the splitting.
Please note that the first reward can be claimed 24 hours after freezing.
After this time, click on the "Claim Reward" button to request your reward from the pool:
A confirmation screen will appear.
Please note that if you are using SMART Defender, you will need to tap your card against your smartphone to request the reward.
Check the box to confirm that you agree with the product’s terms of use, and click the Confirm button.
Done! You have successfully requested your reward:
All that's left is to click the OK button, and the transaction details screen will open—there you will be able to see your reward!
Important rule: before you begin the freezing process, please note that any action of freezing or unfreezing ROYAL SPLIT tokens will reset the reward waiting time in the split process on your wallet.
The waiting time for rewards is 24 hours. For example, if you received a reward 20 hours ago and there were 4 hours left until the next reward, freezing or unfreezing ROYAL SPLIT tokens will reset the waiting period to 24 hours. Therefore, we recommend requesting your reward first, and then proceeding with freezing the tokens.