Great question @eroche ! This was mainly an article to promote the profit sharing, so it does not go in depth about the crowdfund itself, so please send any questions you guys have about the crowdfund!
To learn more about Peerplays watch this or read this
- The crowdfund closes at 15:00 UTC on 14 May 2017 or when crowdfund has reached its US$5 million target
- The benefits of getting in now is that the price per token is at a bargain price now, especially once the blockchain goes live in the summer time. This will allow you to buy more tokens and to receive more profits as a core token holder. Learn more about the crowdfund here.
Just on the current funding, it says there was 4m already pledged, is this separate from the crowdfund target of 5m. I am curious to know whether I have much time left to consider investing or whether I need to hurry.
It would also be great to have some more info about how to make an investment. You need to have bitcoins stored in a wallet, where you have access to private keys. Would you be required to give these keys as proof of ownership or how would that work?
@eroche Yea, sorry it hasn't been made clear, I would make a video series myself to make it a seamless process if I had the time. What you suggested is similar to what bulletin says though:
"Receipt of PPY Tokens
Upon completion of the Primary Crowdfund, and launch of the Peerplays blockchain on 30 May 2017, all PPY Tokens distributed as a result of the Primary Crowdfund may be unlocked and claimed from the Peerplays genesis block. To unlock and claim PPY Tokens, each donor must upload the private key from the Bitcoin account from which the donation was sent into the donor’s Peerplays digital wallet."
As for the US$4 Million donation
They released their bulletin on the 21st of February stating US$5 Million, but the strategic donations of US$4 Million dollars were stated before on the 17th. Because of that its seems that the US$4 Million is treated separately. Also, on the crowdfund page the price is still at US$5 so that matches the US$0-US$1 Million tier of token prices. I've added a screenshot of the crowdfund pricing tiers info on this webpage.
(does not display well when I place it in these comments, as seen below)
This link seems to go into a lot of specifics.
http://www.peerplays.com/docs/Peerplays_Bulletin-Feb_2017.pdf
According to that document they have raised 0.5m from a seed crowdfund last year
4m from private donors this year
and are looking to raise 5m more with this primary crowdfund
@eroche Yea thats the link I provided earlier, not sure if you saw it
"To learn more about Peerplays watch this or read this"
The US$4Mill is seperate as represented by the current price of the token at $5 as I mentioned, so at this rate it seems like you will still have until May the 14th which is good news if you need to wait!
Thats great thank you. I was looking to see how much had been invested already. Thanks for this post. Great info. You have gotten me thinking.
Thanks @eroche !