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Offline cob

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BitShares Music PTS snapshot date.
« on: September 30, 2014, 03:47:14 AM »

The BitShares Music DAC

Make sure you have your PTS out of the exchanges and into your wallets by october 10th 2014 at midnight.
So the first second of October 10th 2014 is when the snapshot will be taken.

This is GMT (Greenwich Mean Time) time zone, or UTC (Coordinated Universal Time) we are talking about here.

Keep in mind the BitShares PTS confirmation time is pretty slow and random. So don't wait until the last second to act or your PTS might not have been included in a block in time for the snapshot.

As for the NOTE allocation at Genesis block:
35% PTS
35% AGS
20% upcoming pre-sale
10% BitShares Music Foundation

Keep in mind delegates will be able to dilute the Note supply if Note holders vote for it. The details are being workout out by bytemaster in this thread: https://bitsharestalk.org/index.php?topic=9452.0
They might not have to dilute and BitShares Music will most likely have a cap on the amount of dilution possible but just so you are aware ahead of time, this allocation is for genesis block.

Edit: to clarify. AGS is also getting a stake in the music DAC of course. Only no action is required by AGS holders since the AGS donation campaign ended already. They cannot be sold, nor purchased.

(This post is just for people that have not checked out the music forum. Please debate delegate pay / dilution in it's respective thread.)
« Last Edit: September 30, 2014, 03:53:09 AM by cob »
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 clayop

Re: BitShares Music PTS snapshot date.
« Reply #1 on: September 30, 2014, 04:02:30 AM »
 +5% Great!!!
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Offline cgafeng

Re: BitShares Music PTS snapshot date.
« Reply #2 on: September 30, 2014, 04:18:36 AM »
As for the NOTE allocation at Genesis block:
35% PTS
35% AGS
20% upcoming pre-sale
10% BitShares Music Foundation
It's the final allocation, or still discuss?
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Offline emailtooaj

Re: BitShares Music PTS snapshot date.
« Reply #3 on: September 30, 2014, 04:35:46 AM »
 +5% +5% +5%

I think this a very strong and fair distribution!! Great work!
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Offline Overthetop

Re: BitShares Music PTS snapshot date.
« Reply #4 on: September 30, 2014, 04:51:17 AM »
 +5% +5% +5%
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Offline donkeypong

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Re: BitShares Music PTS snapshot date.
« Reply #5 on: September 30, 2014, 05:05:20 AM »
 :) :) :)  8) :) :) :)

Offline cass

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Re: BitShares Music PTS snapshot date.
« Reply #6 on: September 30, 2014, 06:32:51 AM »
 +5%
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