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Offline HackFisher

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Official Announcement for BitShares PLAY Allocation
« on: November 08, 2014, 09:55:13 AM »

Initial and maximum total supply is 2 billion.

1. BTS holders 35%
The block to take the snapshot on BTS undecided, BTS being the SuperDAC after the merger. The number of the block will be published after BTS being launched.
To simplify this, the block the merge happening is preferred to be the one BitShares PLAY honoring, but this depend on the details plan from BTS, we need to get the exact snapshot time so that we can inform the exchanges to take snapshot too.

[Update] Market orders and collateral on market will also be honored too, the allocation to collateral will be divided between long and short according to current price feed.
[Update] Snapshot on BTS will be taken on 2014-12-08, details: https://bitsharestalk.org/index.php?topic=11571.0

2. AGS holders 10%

3. PTS holders 10%
The block to take the snapshot on PTS is on November 5, 2014. This is also the anniversary snapshot for both BTS and PLAY.

4. Product Crowdfunding 20%
The start time and details will be announced later, please stay tuned.

5. Development and Marketing 15%
Long-term development, including a part to cover costs in pre-launch period.

6. Reserved Funds 10%
Reserved fund is for specific purposes including Faucet, Business Development, Game Incubation, long-term ecosystem building. Reserved Fund will be locked on initial launch, and will be linear unlocked monthly after launch in 1 year.

Please refer http://bitsharesplayfoundation.org/ for details.
« Last Edit: November 21, 2014, 03:03:21 AM by HackFisher »
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.

Offline santaclause102

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #1 on: November 08, 2014, 10:00:52 AM »
I could not follow things super closely lately.
Will PLAY be included into the BTS chain?

Offline HackFisher

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #2 on: November 08, 2014, 10:02:21 AM »
I could not follow things super closely lately.
Will PLAY be included into the BTS chain?

PLAY will not be included to the BTS chain, but it will honoring/allocate/airdrop to it for the support from BTS.
« Last Edit: November 08, 2014, 10:34:09 AM by HackFisher »
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Offline Shentist

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #3 on: November 08, 2014, 10:35:59 AM »
sounds good to me. will help and promote as i can.

Offline santaclause102

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #4 on: November 08, 2014, 10:44:32 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Offline Shentist

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #5 on: November 08, 2014, 10:52:31 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Hackfisher can do as he pleases as long as the social consensus honored. so this allocation is fine. why start complaining? This allocation is totally fine.

Offline freebit

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #6 on: November 08, 2014, 10:53:17 AM »
 不错,快快合并吧,一起做大做强DACS产业。

Offline santaclause102

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #7 on: November 08, 2014, 10:59:41 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Hackfisher can do as he pleases as long as the social consensus honored. so this allocation is fine. why start complaining? This allocation is totally fine.

Sure he can do what he wants! Support is based on a perception of fairness. It was the same with the Music DAC which also offered 10/10 initially. The discussion after the allocation announcement in the end lead to a better allocation. Discussion (not complaining) is never bad.

As for me: I will support the PLAY DAC ANYWAY but I would find it more "fair" to have more for AGS/PTS since AGS/PTS contributed something of value (initial funding for the toolkit). 
« Last Edit: November 08, 2014, 11:01:20 AM by delulo »

Offline HackFisher

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #8 on: November 08, 2014, 11:11:27 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Since BTSX was honoring AGS/PTS 50/50, so I think this should be fine for AGS/PTS holders.
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.

Offline graffenwalder

Re: Official Announcement for BitShares PLAY Allocation
« Reply #9 on: November 08, 2014, 11:11:43 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Hackfisher can do as he pleases as long as the social consensus honored. so this allocation is fine. why start complaining? This allocation is totally fine.

Sure he can do what he wants! Support is based on a perception of fairness. It was the same with the Music DAC which also offered 10/10 initially. The discussion after the allocation announcement in the end lead to a better allocation. Discussion (not complaining) is never bad.

As for me: I will support the PLAY DAC ANYWAY but I would find it more "fair" to have more for AGS/PTS since AGS/PTS contributed something of value (initial funding for the toolkit).

I think this is fair. 10% was the minimum. Even if you sold all your BTS(x), you're getting more than 10%, because of the 7% sharedrop to AGS/PTS in BTS.

Offline HackFisher

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #10 on: November 08, 2014, 11:19:25 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Hackfisher can do as he pleases as long as the social consensus honored. so this allocation is fine. why start complaining? This allocation is totally fine.

Sure he can do what he wants! Support is based on a perception of fairness. It was the same with the Music DAC which also offered 10/10 initially. The discussion after the allocation announcement in the end lead to a better allocation. Discussion (not complaining) is never bad.

As for me: I will support the PLAY DAC ANYWAY but I would find it more "fair" to have more for AGS/PTS since AGS/PTS contributed something of value (initial funding for the toolkit).

I can understand the people who held AGS/PTS but already sold BTSX might have concerns like you. But as soon as it's the BTS holder now are supporting the current codebase of BTS/BTSX, or toolkit, and PLAY is forking that codebase in some sense, so I think it is not a bad choice. And I was involved in BTSX to some extent, play will be more successful with support from BTS community members, they are holding here at least.

For Play, it will have a more wide distribution.
« Last Edit: November 08, 2014, 11:23:16 AM by HackFisher »
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.

Offline santaclause102

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #11 on: November 08, 2014, 11:39:29 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Hackfisher can do as he pleases as long as the social consensus honored. so this allocation is fine. why start complaining? This allocation is totally fine.

Sure he can do what he wants! Support is based on a perception of fairness. It was the same with the Music DAC which also offered 10/10 initially. The discussion after the allocation announcement in the end lead to a better allocation. Discussion (not complaining) is never bad.

As for me: I will support the PLAY DAC ANYWAY but I would find it more "fair" to have more for AGS/PTS since AGS/PTS contributed something of value (initial funding for the toolkit).

I can understand the people who held AGS/PTS but already sold BTSX might have concerns like you. But as soon as it's the BTS holder now are supporting the current codebase of BTS/BTSX, or toolkit, and PLAY is forking that codebase in some sense, so I think it is not a bad choice. And I was involved in BTSX to some extent, play will be more successful with support from BTS community members, they are holding here at least.

For Play, it will have a more wide distribution.
I did not sell any BTSX. The reason I brought it up is that there is a difference between the AGS holders that were honored by BTSX (pre Feb28 AGS donators) and all AGS donators (before and after Feb28).....and most of the development funds came from after feb28th donations.
« Last Edit: November 08, 2014, 11:52:38 AM by delulo »

Offline HackFisher

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #12 on: November 08, 2014, 11:56:01 AM »
Given that PLAY will have its own chain...
I understand that BTS has the bigger network effect but is 10/10 AGS/PTS and 35 BTS reasonable? AGS/PTS were the ones that enabled this and AGS/PTS are the proto coins with all the early supporters...

Hackfisher can do as he pleases as long as the social consensus honored. so this allocation is fine. why start complaining? This allocation is totally fine.

Sure he can do what he wants! Support is based on a perception of fairness. It was the same with the Music DAC which also offered 10/10 initially. The discussion after the allocation announcement in the end lead to a better allocation. Discussion (not complaining) is never bad.

As for me: I will support the PLAY DAC ANYWAY but I would find it more "fair" to have more for AGS/PTS since AGS/PTS contributed something of value (initial funding for the toolkit).

I can understand the people who held AGS/PTS but already sold BTSX might have concerns like you. But as soon as it's the BTS holder now are supporting the current codebase of BTS/BTSX, or toolkit, and PLAY is forking that codebase in some sense, so I think it is not a bad choice. And I was involved in BTSX to some extent, play will be more successful with support from BTS community members, they are holding here at least.

For Play, it will have a more wide distribution.
I did not sell any BTSX. The reason I brought it up is that there is a difference between the AGS holders that were honored by BTSX (pre Feb28 AGS donators) and all AGS donators (before and after Feb28).

Ah, I get your point. The reason make sense, but I still think it's better to avoid any further change, since BTS are merging AGS/PTS and want to give it an end. I thought The AGS/PTS contributions are already well evaluated by being merged to BTS, and the 10/10 AGS/PTS is an extra reward to PTSer/AGSer's support to BitShares DACs. I don't even clear whether third party DACs are still required to honor AGS/PTS, but PLAY do.
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.

Offline GaltReport

Re: Official Announcement for BitShares PLAY Allocation
« Reply #13 on: November 08, 2014, 01:12:01 PM »
 +5% sounds good. You have my support.

Offline feedthemcake

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Re: Official Announcement for BitShares PLAY Allocation
« Reply #14 on: November 08, 2014, 02:01:24 PM »

Ah, I get your point. The reason make sense, but I still think it's better to avoid any further change, since BTS are merging AGS/PTS and want to give it an end. I thought The AGS/PTS contributions are already well evaluated by being merged to BTS, and the 10/10 AGS/PTS is an extra reward to PTSer/AGSer's support to BitShares DACs. I don't even clear whether third party DACs are still required to honor AGS/PTS, but PLAY do.

 +5%

 

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