We have already talked about this a good bit. One solution proposed was one where Invictus uses the BitShares Lotto DAC and the Lotto DAC holds an AGS Style competition for the distribution (denominated in PTS). All coins can donate and receive recognition in the Genesis Block, but only 50-70% of the total Lotto ticket supply are distributed to donaters.
See the following example:
- 20% for top donated coin (Peercoin)
The Bitshares Lotto stores a % of funds collected (30%?) for development, burns the other donated coins and turns them into "chips" that represent their coin (for instance, PeerChips, NameChips, DarkChips, LiteChips...etc). To protect from a huge number of sh!t (read P&D) coins being donated, instate a market cap limit (no coins under ______ market cap) to ensure only the trusted (more stable) coins are donated.
Now build in a feature where users who bet with Lotto Tickets gain access to an added random reward (a faucet) for the rest of the donated coins—that go directly to the user's inbox (which they can Accept, Gift to a friend or charitable institution). Win or lose your game, you are guaranteed an extra “roll” for a consolation prize in these chips. Have tables and games for each of these coins, but make Lotto Shares special because, well—none of the other coins give people the extra chance of winning a potential pot of the donated chips-- (Make the payouts relatively infrequent, but large enough to really feel like a jackpot.)
Now make it Sexy: Change BitShares Lotto to
BitShares Diamond Casino and Lotto Tickets to
DiamondChips (they
are a girl's best friend, after all) because they are the token in the ecosystem whose use awards random chips. Once the Faucet dries up for each Chip in circulation, they float at the approximate value of the coin that was burned and Diamonds will carry a premium for the wonderful distribution they provide.
Make the donation period last a period of 180 Days and give people another chance (and incentive) to learn about how AGS funding and snapshots work before the launch occurs.
//Genesis Block Message
"Herein lies the Names and Greatest Honors for the founders and builders of Bitshares Diamonds' Casino and Lottery. A Historic Alliance was forged today by some of the most forward thinking visionaries in Cryptocurrency. The Contest has closed and the following cryptocoins will make it to "Chip" status:
1st Place: 123,000 PPC for a total of 41,000 PTS (awarded 20% total BitShares Diamonds supply)
2nd Place: 74,000 NMC for a total of 30703.9627039627 PTS
Etc...
Welcome to the first ever enterprise-level Decentralized Casino and Lottery Platform and know that you were here from the beginning. "
Now make sure to set the faucet so distribution takes at least a few months so users get in a habit of playing. Let all the altcoin communities that were honored help advertise BitShares Diamond DAC (especially the number 1 donater, who was awarded as much as PTS/AGS holders). They will likely soon enough become PTS holders anyway
*Final note(s):
-Announce plans right after BitShares X goes live and buzz is high
-Branding BitShares Diamonds early on and getting the word out is important--branding in this way also plays upon a long-time human adoration for diamonds (though their value largely relies on cartels managing the supply).
-Make a play to both strengthen the value proposition for BitShares X and Bitshares Diamonds early on so the value proposition becomes; announce that a small % of BTSx will be thrown into the pool that will be distributed through BitShares Diamond Games as a special class of reward. *