What a year it has been for all of us. Who would have thought when 2019 started that we would all be brought together to form a sort of family on Telegram because of one project?
It has been an awesome year for Crypto Paradise since its inception in June 2019 up until now. We have achieved so much in a short span of 6 months’ time, and it has all been thanks to the help and support of the community.
When we launched the Crypto Paradise token sale we were restricted from sharing information about DappStats because we did not want our idea/concept being cloned by someone else and making it fail. Even though we shared almost zero information about what the first project was, we still had many people supporting us, and this was one of the best feelings for a project.
It has been a great year so far, and there’s a lot more great stuff to come for DappStats and its community in 2020. Here is a glimpse of what you can expect 😉.
The widget feature was delayed because the UI was not properly showing up on different Websites during testing. We want to make sure everything works great, and we can expect to have the widget system available during the month of Jan. 2020.
After much consideration and demand, we have decided that we will be opening a VIP group for our active community and supporters. We wanted to make sure our VIP group is different from other platforms and does not just offer airdrops, but instead adds value for the VIPs and gives a proper reason to be part of this VIP group.
More details will be shared during the first week of Jan. 2020.
We have been working tirelessly to provide more value to the dividend system and to make the whole experience for users a great one.
During Jan./Feb. 2020 we will be upgrading the dividend tab into a full page with more features/details to give users an even better experience.
As we continue to enjoy dividends being added on a weekly basis from the revenue being generated from referrals, this has been working great and we wanted to keep it like this.
The change or addition we wanted to do was in relation to the advertising revenue generated. Since this is a more infrequent revenue source during these beginning months and it disrupts the steady growth of the dividend pool by adding a huge amount to the dividend pool for one week and nothing is added for a week or two, we wanted to implement something that will benefit the community and dividend pool not randomly, but consistently.
What we have decided to do is make another smart contract where all the advertising and promotional revenue generated can be added. This smart contract slowly drip-feeds the dividend pool every day (1% of the total amount in the second smart contract every day).
With such an implementation, we believe this will help the whole DappStats dividend ecosystem because it will give an opportunity for the dividend pool to grow as funds are added daily to it and when the weekly addition from referral bonus happens, it will get an extra boost.
This way the dividend pool will grow steadily and consistently as more and more funds are added to the second smart contract from advertising and promotional revenue.
Our goal from the beginning has been to provide a sustainable source of revenue for our community, and we continue to test and add the best ways to reach this goal.
With the implementation of the second smart contract to help the dividend pool grow steadily and consistently, we also wanted to make a minor change to the current dividend payout system. We will be changing the payout percentage from 10% to 7% for a month to allow for these new implementations to have the most positive outcome. At the end of Jan. we will see if the 7% dividend payout is working well and should stay for longer or if we should change the dividend payout back to 10%.
There are more great things coming during the month of Jan. 2020, one of them being the revenue breakdown between the platform and dividend pool.
This revenue share percentage change will take effect from Jan. 26th, 2020 and from that point onwards the platform will only keep 35% of the total revenue generated by the DappStats platform.
We have been thinking of the best way to utilize the extra 15% going towards the dividend pool and currently have a few options for it:
We will finalize this during the month of Jan. and will let the community know the best way forward.
As time passes by we come towards the Team token release aswell in the month of January. The Team tokens will be released during the last week of Jan 2020. Now after careful consideration and discussions internally, we have decided a maximum of 150,000 tokens will be frozen every month out of the total 12Million tokens being released. This will allow for the pool to grow at its steady pace with all the new implementations and at the same time will not have a drastic impact on the rest of the token holder's dividends. We will keep a close eye on the dividends and at the end of every month take actions with our team tokens accordingly
As mentioned in our previous article, we have decided to share a new roadmap in terms of development according to the funding we receive.
More details about this can be found in our previous article by clicking here.
As mentioned in our previous article, tokens will be locked and unavailable for sale for a set period of time and there will be a gradual price increase for the tokens that are available for sale.
This will be implemented during Jan./Feb. 2020 as well. More details about this can be found in our previous article by clicking here.
We have achieved many targets and goals since we have launched. Today, let us share some numbers we have been able to achieve so far:
We wish everyone a Happy New Year and are looking forward to 2020 being a very fruitful year for DappStats and its supporters!