Patreos is airdropping to voters on October 8th, 2018. We will take a snapshot of the voter table on October 1st, 2018. On October 8th, we will begin dropping our tokens (PTR) to all accounts that were in the voter table at the time of snapshot. Come chat more with us on telegram or visit us at patreos.com
What is Patreos?
Patreos is a dapp that lives and breathes on the EOS blockchain. The platform provides a subscription content service where fans can pledge to creators. We believe in a decentralized future, and believe it begins with a way to share content without censorship risk. It also starts with a way to reliably support projects and creators. So, here we are. Patreos gives you decentralized content sharing, subscriptions, pledging, and an inflationary token policy that rewards user actions and participation. The goal is to support people that create value. No more digital censorship. No more deplatforming. No more fees.
Patreos Ecosystem
Patreos has a typical Subscriber/Publisher model, where accounts can follow each other and receive notifications of newly shared content. This naturally creates two categories: the content creators and content consumers, though there are virtually no differences between the two accounts. The additional mechanism is the pledge. Pledging allows a user to enter into an token agreement with another account. The pledger enters a subscription agreement to contribute to another account a chosen amount of PTR every subscription cycle (7 days, 30 days, etc.). Pledges are managed by our token contract, and they are an opt-in feature.
Users can opt-in by staking PTR tokens. The Patreos token contract can only manage pledges from the user's staked PTR. This allows users to throttle subscriptions, delimit an amount of tokens for pledges, or to opt-out of pledging altogether (by default). Unstaked PTR is made available to the user 8 hours after unstaking. The advantage of staking PTR isn't just for managing pledges. Staking also determines the multiplier for inflation rewards an active user will receive. Yup, we have an inflation schedule in place for the first 2 years, and plan on a community referendum to determine continuity.
Why not use EOS for pledging?
When we look at the properties of the EOS token, we believe it is not a viable tip coin. There is too much value inherent within the EOS token. This discourages releasing ownership. Basically, selling or giving away EOS doesn't only mean giving away the dollar value of the token, but also giving up voter rights, ownership of network resources, future airdrops, and the ever-growing, unforeseen value that will be attached to the token in the future.
Another consideration is that the EOS token contract doesn't contain logic for subscription services, which means users would have to make EOS deposits into a non-native token contract for opt-in subscription management. It is best to avoid that step, and start within the native token contract. Also, inflationary rewards would not be possible using EOS as the underlying token.
Patreos Airdrop
The Patreos airdrop is meant to be meaningful. We want to send a message. We want to encourage voters, and want them to be rewarded! The security of the EOS network depends on an active and informed citizenry. We hope the Patreos airdrop inspires other dapps to craft incentives for voter participation--and borrow from our airdrop strategy when appropriate.