Decentribe Update - April 2, 2020: Genesis Sale Postponed to June; Crypto Races and Crypto Challenge Coming to Mainnet in May
Hello Tribers:
We hope everyone is staying safe during this difficult time.
Last month we ran a survey asking the community about whether we should postpone our planned Genesis Sale until June 2020.
About 47 percent of the community voted to postpone the sale.
As a result, we will be launching the Genesis Sale in late June 2020.
Crypto Challenge Coming to Mainnet
We are pleased to announce that our price prediction Dapps, Crypto Races and Crypto Challenge will be released on mainnet in May 2020.
Crypto Races are short-term price prediction markets, organized as "races" where participants make bets on which coin will have the strongest price action after a period of time.
We're releasing this Dapp because it has been nearly complete for some time. We also think people will be interested in these markets given the recent market volatility.
Also:
-Races will not be seeded at launch: We plan to seed races with funds raised during the Genesis Sale
-Community members will be able to launch races at any time: In the meantime, any community member can launch races at any time using their own ETH
Plinc Integration Ongoing
We are also working on the smart contracts that will integrate with the Plinc ecosystem.
A percentage of ETH from the Genesis Sale and our Dapps, including Crypto Races and Challenge, will be used to purchase Plinc bonds.
Dividends from these bonds will be distributed to TRIBE holders who stake their tokens in our upcoming staking contract.
We will have another project update in a few weeks.