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Offline bytemaster

VOTE DAC Just Got More Interesting
« on: October 15, 2014, 06:55:22 PM »

I cannot reveal the details right now, but the DAC that I am most excited about becoming as big as BTSX is now the VOTE dac.

Yes ladies and gentlemen, we have figured out how to monetize VOTE and accrue all of that value to VOTEs in a game changing way.

And that is my tease of the day.... just so excited I couldn't keep it in. 

Back to BTSX.

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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Online Pheonike

Re: VOTE DAC Just Got More Interesting
« Reply #1 on: October 15, 2014, 07:00:12 PM »
 +5% +5% +5%

Offline Method-X

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Re: VOTE DAC Just Got More Interesting
« Reply #2 on: October 15, 2014, 07:00:44 PM »
Was the vote snapshot already taken?

Offline bytemaster

Re: VOTE DAC Just Got More Interesting
« Reply #3 on: October 15, 2014, 07:03:48 PM »
Was the vote snapshot already taken?

Same day as DNS.
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Offline Ander

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Re: VOTE DAC Just Got More Interesting
« Reply #4 on: October 15, 2014, 07:04:59 PM »
Vote Dac snapshot occurred before I heard of bitshares, and its not tradeable yet, so no way for me to buy.  :(
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zerosum

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Re: VOTE DAC Just Got More Interesting
« Reply #5 on: October 15, 2014, 07:12:59 PM »
That is so unfair... can we have the smallest of all small clues please.

Offline Empirical1.1

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Re: VOTE DAC Just Got More Interesting
« Reply #6 on: October 15, 2014, 07:13:20 PM »
I cannot reveal the details right now, but the DAC that I am most excited about becoming as big as BTSX is now the VOTE dac.

Yes ladies and gentlemen, we have figured out how to monetize VOTE and accrue all of that value to VOTEs in a game changing way.

And that is my tease of the day.... just so excited I couldn't keep it in. 

Back to BTSX.

+5% Wow! That sounds amazing! Good luck. I wasn't sure about that one tbh.



Offline Chuckone

Re: VOTE DAC Just Got More Interesting
« Reply #7 on: October 15, 2014, 07:16:19 PM »
AGS was a shot in the dark. No product released at that time, only concepts and ideas... And yet, so happy I took that risk!
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Offline carpet ride

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Re: VOTE DAC Just Got More Interesting
« Reply #8 on: October 15, 2014, 07:19:13 PM »
What was the AGS/PTS distribution for vote?


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Online Shentist

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Re: VOTE DAC Just Got More Interesting
« Reply #9 on: October 15, 2014, 07:22:14 PM »
Quote
The VOTE allocation of Follow My Vote’s VOTE DAC will include 10 billion VOTES. Half (50%) of the VOTES (5 billion to be exact) will be allocated over time to delegates that will be responsible for maintaining the blockchain throughout the life of the company, starting with 50% allocated within the first year of operations and 50% of the remaining VOTES thereafter, year over year. The other 5 billion VOTES will be allocated up front to, among other things, cover the cost of the development of the DAC itself and marketing necessary to acquire its initial user base. The breakdown of the initial VOTE allocation will be as follows:

4.2.2) BitShares PTS: 1.5 billion VOTES

BitShares PTS, is a simple minable crypto-currency (similar to Bitcoin) that was created to allow people to advertise their interest in receiving free token samples in future DACs.  Per the BitShares social consensus, 30% of VOTES that are initially allocated will be distributed to those who have supported the BitShares industry by owning its BitShares PTS tokens.

Anybody who owns BitShares PTS on that snapshot date is given a proportional stake in the new DAC. Thus, those interested in supporting Follow My Vote should invest in BitShares PTS prior to the VOTE DAC snapshot date.

4.2.3) BitShares AGS: 1.5 billion VOTES

BitShares AGS is similar to BitShares PTS in that both were ways of volunteering to receive free promotional samples from the developers of new DACs. The difference is that BitShares AGS can no longer be bought or sold, as the owners are those whom contributed into an industry development fund while the industry was still in its infancy. Per the social consensus, 30% of VOTES that are initially allocated will be distributed to BitShares AGS owners in proportion to their ownership of AGS.

4.2.4) Follow My Vote: 1.5 billion VOTES

Follow My Vote will be spending a considerable amount of resources to develop the VOTE DAC and acquire new account holders upon its release. Thus, 30% of VOTES that are initially allocated will be distributed to Follow My Vote to cover these costs.

4.2.5) NuSpark: 50 million VOTES

NuSpark is a startup incubator in Blacksburg, VA, that has supported Follow My Vote in since their early stages of development by providing them with dedicated office space to conduct business operations. NuSpark will continue to support Follow My Vote by further educating the Blacksburg community and surrounding areas about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their continued support, NuSpark will receive 1% of the initial allocation of VOTES.

4.2.6) Virginia Tech: 50 million VOTES

Virginia Tech is also located in Blacksburg, VA. Similar to NuSpark, Virginia Tech will be supporting Follow My Vote by further educating the Blacksburg community and surrounding areas (in addition to the Virginia Tech faculty and student body) about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their support, Virginia Tech will receive 1% of the initial allocation of VOTES.

4.2.7) New River Valley: 400 million VOTES

Follow My Vote will be promoting the emergence of the cryptography and blockchain technology to the U.S. citizens living in New River Valley. Residents of Blacksburg, Christiansburg, and Roanoke, VA, will have an opportunity to claim VOTES during a series of promotions to encourage the use of the VOTE DAC. A total of 8% of VOTES that are initially allocated will be distributed in this way.

The official snapshot date of the VOTE DAC is August 21, 2014. Therefore, by holding BitShares PTS on the VOTE DAC snapshot date, you have an opportunity to get in on the ground floor and own an initial stake in the VOTE DAC.

The VOTE DAC is a game-changing technology that has the potential to become the voting platform of the future!

30/30% of the initial distribution

zerosum

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Re: VOTE DAC Just Got More Interesting
« Reply #10 on: October 15, 2014, 07:23:33 PM »
What was the AGS/PTS distribution for vote?


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30% / 30% dilute-able to min of 15%/15%

Online Shentist

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Re: VOTE DAC Just Got More Interesting
« Reply #11 on: October 15, 2014, 07:42:31 PM »
What was the AGS/PTS distribution for vote?


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30% / 30% dilute-able to min of 15%/15%

correct, but i expect a similar burn rate like in BTSX of 15%

Offline CoinHoarder

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Re: VOTE DAC Just Got More Interesting
« Reply #12 on: October 15, 2014, 07:44:54 PM »
Will we be voting on the interest rates of our very own Ponzi scheme!?   ;D

Offline nomoreheroes7

Re: VOTE DAC Just Got More Interesting
« Reply #13 on: October 15, 2014, 07:47:49 PM »
lol, at least wait until we can trade VOTE before teasing us like this...how else are we supposed to get in before the EXPLOSION??

Offline Akado

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Re: VOTE DAC Just Got More Interesting
« Reply #14 on: October 15, 2014, 07:52:57 PM »
oh, the teases  :(
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