At the side of the tip of Season 3 and gamers claiming their S3 rewards, Proof of Play has launched a 180-day vesting schedule. This includes Season 3 and all forthcoming competitions and PIRATE rewards in Pirate Nation.
Based on the group, the rationale behind the brand new vesting construction is “to maximise long-term alignment between our gamers and the PIRATE ecosystem.”
The vested quantity begins at 10% of tokens and vests step by step till day 180. Customers holding and claiming all their tokens after your entire 180 days shall be rewarded with further Proof of Play Factors. Any unclaimed PIRATE after that stage shall be burned.
In an analogous method, any PIRATE tokens which were allotted to ineligible individuals to this point – gamers who didn’t purchase VIP or a Founder’s Pirate – shall be burned. This quantities to round 10 million PIRATE tokens, or 1% of the full provide.
Considerably a shock, the announcement comes shortly after Proof of Play unveiled different main sport updates, together with shifting away from a seasonal construction in direction of shorter PVP tournaments and rewards spanning past PIRATE.
In fact, some have critizised the group for missing transparency, not speaking their plans for a vesting schedule forward of imposing it. Some suppose it’s an outright rip-off, whereas Steve Kaczynski (The Every little thing Token) has known as it the “first main misstep” from Proof of Play, saying “the group has at all times emphasised constructing an awesome sport/product over specializing in token worth. This transfer appears like a shift from that ethos.”
