Tips occur immediately, and off-blockchain. When you tip a person, an amount equal to the tip is removed from your balance and added to that persons balance.

Tipping supports the SI prefixes m - milli and u - micro. This enables you to more easily tip small amounts. As an example, the following commands will tip the same amount to Joe:

!tip @joe 0.001 LTC

!tip @joe 1 mLTC

!tip @joe 1000 uLTC

Stability and security Tip-bot is hosted on a dedicated server secured with a random-character password and Two Factor Authentication. This ensures high uptime and excellent safety for the funds deposited with Tip-bot.

Certain features have been implemented to minimize the risk of using Tip-bot.

Thorough event logging

Secure command parsing

Command throttling

Spam attack banning

Direct error reports to the developers

SQL input sanitization

Tip-bot has been thoroughly tested, and is so far working perfectly. Anyone can withdraw their crypto at any time with the command !tip withdraw <amount> <coin> <address>. Before the withdrawal is executed, you are presented with an overview of the withdrawal information for you to accept.

Supported coins and features Tip-bot currently only supports Litecoin. More coins will be added in the future.

Tip-bot is also able to maintain a "phone book" of cryptocurrency addresses of each user. Anyone can register addresses to their user with the command !tip setaddress <coin> <address>, for example !tip setaddress LTC o3rlnlk34j3lkj. Other users can see your list of registered addresses with !tip <@user>.

Fees There is a 0.5% fee on all tips, in order to cover some of the server cost. The fee will be reduced when Tip-bot becomes more widely used.