So under the new proposal, the DAO would get 20% of peerplays earnings. Is that token based (so 20% or 200k tokens go to DAO), or do they get 20% off the top of the profit from the full token amount (1000k)?
Also, what is the actual offer from the DAO (increased valuation)?
It looks like DAO would get 20% of the tokens...which is 200,000. The tokens will come from remaining 2nd phase (if any left at time of DAO vote) then from Auction tokens. The offer is $1.2M for the 20% (includes the development of Ethereum Sidechain by Peerplays added to revised proposal)...which is equal to $6 a token (right now the tokens are $3 for 2nd phase). Looks like if DAO approves the revised proposal, the tokens will immediately be valued at $6 per token because that is what the DAO will pay. Not a bad investment so far!
I noticed over 20k tokens sold since proposal came out, so people think its a good deal at $3 a token right now.
My question to Peerplay: Will the developed Ethereum sidechain be available to anybody in the future for their projects looking for DAO funding?
Thanks,