What "80% allocated via delegates over ten years" means?
I
'think' it means that 80% of equity will slowly be released to the 101 delegates in some model over 10 years. (But as we (Shareholders) elect the delegates that equity will be distributed essentially according to the will of the shareholders.)
So if the company seems like it needs more marketing/development/charity/airdrop funding, shareholders will start voting for delegates who will direct the funds best to those activities. Most of the time though, as long the company is going smoothly, I suspect they will probably be voting for most of the equity that is released to be given back to shareholders to avoid too much dilution of their stake.
For example: In the first year, assuming 10% of the equity was released to delegates for simplicity.
It would mean AGS & PTS would have 33% each of the total tradeable equity in the first year. (10% AGS + 10% PTS + 10% released to delegates)
But shareholders would elect to give some of the 10% (33% of first year total equity) to themsleves, (shareholders) and the remainder would go on other activities they felt were in the best interest of the DAC.
I kind of think that's the idea.