Along side the tip of Season 3 and gamers claiming their S3 rewards, Proof of Play has launched a 180-day vesting schedule. This contains Season 3 and all forthcoming competitions and PIRATE rewards in Pirate Nation.
In keeping with the crew, the explanation 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 the whole 180 days can be rewarded with further Proof of Play Factors. Any unclaimed PIRATE after that stage can be burned.
In an analogous method, any PIRATE tokens which have been allotted to ineligible contributors up to now – gamers who didn’t purchase VIP or a Founder’s Pirate – can be burned. This quantities to round 10 million PIRATE tokens, or 1% of the entire provide.
Considerably a shock, the announcement comes shortly after Proof of Play unveiled different main sport updates, together with transferring away from a seasonal construction in the direction of shorter PVP tournaments and rewards spanning past PIRATE.
In fact, some have critizised the crew for missing transparency, not speaking its plans for a vesting schedule forward of imposing it. Some assume it’s an outright rip-off, whereas Steve Kaczynski (The All the things Token) has known as it the “first main misstep” from Proof of Play, saying “the crew has at all times emphasised constructing an amazing sport/product over specializing in token worth. This transfer seems like a shift from that ethos.”
