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Peerplays creates open-source profit sharing module

Blockchain-based online gaming and wagering platform Peerplays, has created an open-source fee sharing module that will enable direct profit distribution to token holders by any Graphene-based blockchain platform.

“Peerplays is aiming to be the first truly Decentralized Autonomous Cooperative (DAC). With this new profit sharing module, all the fees that Peerplays charges for smart contract operations and peer-to-peer wagering will be distributed directly to the holders of the core Peerplays blockchain tokens, just like a traditional co-op pays dividends to its shareholders,” Jonathan Baha’I, blockchain technology consultant at Peerplays said.

The official release stated that this feature of profit sharing is available publicly to view on Peerplays Github Repo.

Project like BitShares are based on the Graphene blockchain concept and could benefit from this profit sharing feature. “Since BitShares does not directly compete with Peerplays, we decided to publish the dividend distribution code under the free MIT software license,” Daniel Notestein, president of BlockTrades said.

With this fee sharing module, users can distribute promotions, coupons, profit dividends and more to privately-issued asset token holders on the Peerplays blockchain. Setting of “ex-dividend date” and a “payment date” is allowed, effectively supporting the real-time distribution of stock dividends.

In June, Peerplays came up with a new proposal after revision based on feedback on the DAO proposal released on May 31, in order to offer an equitable solution to incentivize value and growth between both the DAO and Peerplays networks.

Peerplays is the world’s first decentralized wagering and tournament platform built entirely on the blockchain. Gaming and betting sites can also take advantage of the Peerplays API (application programming interface) to enable blockchain-based wagering for their existing users.

By Sujha Sundararanjan
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