This is my attempt at translating the presentation held recently.
Following the promises made during the ICO, all the 50,000,000 antshares are being kept.
The distribution will be made based on the following ratio
10,000,000 will be used to encourage the growth of the ecosystem of antshares.
10,000,000 will be used to pay the development team (including the payout for the founders)
15,000,000 will be used for cross-investment
15,000,000 will be kept for emergencies, cooperation with the government, incentive for strategic investors and partners.
Examples:
Payout for the developer of antchain.xyz (blockchain explorer)
Prizes for the blockchain smart contract competition. Held in cooperation with Innospace. There was a total of 30 teams and more than 200 people participated in the competition. 11 teams entered the final round, there is 1 first prize, 2 second prize and 8 third prize. The total prize pool was 44,000 yuan and 27,000 antshares.
There is a forum for antshares fans and enthusiasts, some ANS will be given to the forum developer and there will be prizes given for activities that promote the site.
Before this, antshares founders didnt receive any form of payout, so some ANS will be distributed to them.
while for the team members, they will be given chances to buy ANS with discounted price, as an incentive to encourage for more quality works.
Cross investment
Investment on projects that propel the growth of antshares program. for example, some ANS have already been invested to https://otcgo.cn/, a smart asset management platform built on antshares blockchain. Other projects that require funding are encouraged to reach out.
Investment on other great international blockchain projects. For example, some ANS have been invested to the Bancor Project.
Comparison with other projects
Gnosis developers is still holding 95% of their tokens, they have managed to raised 12,000,000 dollars just by releasing 5% of their tokens
The amount of ethereum tokens will be increasing 0.3x of its ICO amount annually. This does not only not hindering their progress, it also helps the projects to prosper.
Q and A
Q: What will happened to the 4,000,000 ANC that will be created from the 50,000,000 antshares?
A: It will also be used to support the growth of the platform.
Q: What will be the impacts to the market when the 50,000,000 antshares are released to the market?
A: There wont be a one time release, it will be capped at 15,000,000 in the first year itself. We are being very careful in using the resource, and the value of antshares have appreciated a lot so we probably wont be needing to use that much.
Q: When we will be able to check ANC in the wallet?
A: You will be able to do that using the PC client, we will update the light clients very soon.
Q: Regarding the cross investment, will the counterparty use the antshares given to impact the market price?
A: The aim of the cross investment is to exchange ANS with the projects' tokens. It is very risky to hold on only to one type of assets, so it is a part of our diversification strategy. I believe the counterparty will have the same thoughts in mind, so they would not be selling off large amount of ANS in a short period.
Q: What is your next strategic target? Do you plan to expand to international markets?
A: You will find more details about this during the event at 22-6-17.
International expansion has its own pros and cons. Taking ethereum as an example, they have developers from all around the world, but you can see that the quality of their codes is inconsistent. Our development is more focused, it is done by a small group of people here. We are chasing ethereum now, I think it is better if we focus on being great at one thing at a time. But we will also consider to let other parties involve in developing modules that are quite independent from what we are doing.
Q: Will ANS be listed on other exhanges?
A: We are thinking of having a strategic partnership with an exchange, the news will be released during 22-6-17.