BEOS Rainfall To Start Tomorrow
This is for all those who staked Bitshares for the BEOS raindrop.
According to @michaelx, the rainfall will start at 5:30 EST tomorrow (April 9th).
This is roughly 12 hours from now.
According to post in the Telegram chat, there are roughly 100M BTS staked. With 2.6B BEOS being distributed, that is 26 BEOS for every Bitshare staked.
The rainfall will last 89 days with payout of BEOS each hour that BTS is on the gateway.
BEOS is the merging of the Bitshares DEX coupled with the smart contract capability being provided on the BEOS network. Since BEOS was designed using EOS as the base, any updates to the EOS network can be integrated into BEOS.
The smart contract is also going to be central to the jurisdictional agility where people/institutions can choose in what jurisdiction their transactions are to take place. This is coded right into the smart contract providing the ability to control where transactions take place.
Ultimately, with the partnering of Sovereign Sky, transactions can be under international law by occurring in space.
The chain will provide any token created on the Bitshares the ability to span the entire EOS network. This token portability is going to blend the two chains allowing further reach of BTS based tokens while EOS apps can use the Bitshares DEX.
The tokens are being offered from a non-profit organization that was set up for this specific purpose. It is a means to remain in regulatory compliance. The raindrop is not an ICO since no money is being raised. There is a 500 BTS fee charged to establish a BEOS account. This type of account is necessary to get the raindrop tokens placed in one's wallet.
This was a long time in the making and will start in less than 12 hours.
By the way, the gateway where the tokens are staked was developed by the team @blocktrades.
Congratulations to all that were involved and put in the numerous hours of work.
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