Together with the top 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.
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 regularly till day 180. Customers holding and claiming all their tokens after the complete 180 days will likely be rewarded with additional Proof of Play Factors. Any unclaimed PIRATE after that stage will likely be burned.
In an analogous method, any PIRATE tokens which were allotted to ineligible individuals thus far – gamers who didn’t purchase VIP or a Founder’s Pirate – will likely be burned. This quantities to round 10 million PIRATE tokens, or 1% of the overall provide.
Considerably a shock, the announcement comes shortly after Proof of Play unveiled different main recreation updates, together with transferring 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 its plans for a vesting schedule forward of implementing it. Some suppose it’s an outright rip-off, whereas Steve Kaczynski (The The whole lot Token) has referred to as it the “first main misstep” from Proof of Play, saying “the group has all the time emphasised constructing an awesome recreation/product over specializing in token value. This transfer appears like a shift from that ethos.”
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