BitShares PLAY Crowdfunding
Bitshares PLAY's crowdfunding is set to start at
00:00 (UTC) 2015.01.05 till 00:00 (UTC) 2015.02.02 on DACX.com for a 28-day period. Investors can simply send Bitcoin to the specified address.
PLS(playshares) has a fixed amount of 2 billion,
20% (400 million) of which will be distributed for crowdfunding. For 1 btc, 100,000 PLS will be offered with a progressively decreasing bonus. For the first week, there will be a 30% of bonus;the second, 20%;the third, 10%;the fourth, none. The rest of the PLS that is not given out will be evenly distributed to investors of the previous four weeks (according to the proportion of the PLS they hold).
Simply put:
1st week: 1BTC=130,000PLS
2nd week: 1BTC=120,000PLS
3rd week: 1BTC=110,000PLS
4rd week: 1BTC=100,000PLSWhen
3000BTC is gathered before 2015.02.02, the crowdfunding will be ended in advance. The BTC that is sent to the crowdfunding address will be given back to the sent address.
For example, if during the first week, 3000BTC is received, the crowdfunding will be ended with 390 million PLS distributed. Then the remaining 10 million PLS will be given to all that have participated in the crowdfunding, making 1 BTC with 133,333PLS of return. If in the end, the fund that is collected at the end of the 28-day raising period is less than 3000BTC, there will be more PLS left to give to the investors who have participated.
Due to the fact that the private key of Bitcoin is the only proof for the later distributed PLS's ownership,investors must send from where they control their own private keys (like wallets).More detailed information will also be disclosed on DACX.com.
https://playtalk.org/index.php?topic=21.0