DTube Mainnet: Launch date & adjustments

in dtube •  5 months ago  (edited)

First thing first: we apologize to you, our community, for leaving you with very little communication during these past 4 months. Yet we thank you for your support during that time, and your faith in the DTube project.

We owe you some explanations

Launching 1st Round of DTC sale finally gave us an understanding of how big the demand for the DTC would be. We quickly noticed that the current fundraising situation would never give us the financial means we needed to achieve our ambitious goals in the whitepaper.

Why?

  • IEOs require heavy "security deposits" that we can not afford with current Round 1 funds.
  • Our STEEM income from the 2M SP delegation has been going downhill, and we are unsure what the new delegation committee wants, and whether we can actually rely on this income.
  • Programmatic DTC dumping on markets was never an option for funding our company and hiring staff, since this model had already been tried without success by SteemIt Inc.

Obviously after more than two years of work on this project, it was a hit to realize that we had to tune down our ambitions by a lot. We took advantage of this period to re-think our long term strategy on how to make Dtube scalable and sustainable with limited resources. After all, Dtube's end goal was never about making money and giving people jobs, but about building a libre alternative to YouTube that would resist censorship and stand the test of time.

Mainnet Launch Adjustments

Given new circumstances, DTC's mainnet is scheduled on the 10th of May 2020.

Round 1 will be our first and last funding round for DTCs original supply, for reasons mentioned above.

The DTube Coin initial supply will be 4 millions DTC instead of the original 100 millions. Effectively, DTC will be 25 times more scarce than what originally planned.

Initial supply ratios we announced in the whitepaper will remain the same:

  • 50% to the community through an airdrop (unlock mechanisms will be explained in the next blog post): 2M DTC
  • 25% to Round 1 investors: 1M DTC
  • 25% to Team and collaborators (core team, github contributors, curation team, translators, etc): 1M DTC

If less than 1M DTC are sold in the token sale on 10th May, the remaining tokens will go to the @dtube account and will be sold on the d.tube website at markets prices after the mainnet launch.

What should our users expect and what we will be working on until the launch of the mainnet ?

  • Implementing different upload methods (BTFS, WebTorrent). We need more people to start self-hosting videos and the upload page will finally start reflecting that
  • Polishing the sign-up process and more instructional information in the UI to make Dtube more user-friendly and easier to get started with
  • Coding and testing the airdrop mechanisms
  • Preparing for centralized exchanges listings
  • Creating DTC-pegged tokens for decentralized exchanges such as Steem-Engine
  • More documentation to experienced users willing to run a DTC node
  • More documentation for new users coming from outside the crypto-sphere
  • A new improved homepage

What will happen after Launch ?

No matter the financial situation, we still want to make Dtube a fully complete scalable product which can thrive in a decentralized way (i.e. without corporate funding).

Round 1 funding and our STEEM stake will be used principally to keep our infrastructure running for the years to come. All other expenses will be put on hold.

Development will continue at the same pace than before, with major patches coming in once every few months, introducing important features that already exist on popular video platforms.

Token Sale still continues

The token sale for Dtube coin still continues. If you want to participate in 1st (and last!) round:

Go to the Token page

Visit https://token.d.tube to learn everything about the DTube Coin economy and Buy DTCs.

Purchasing process: 3 easy steps

  1. Sign-in to your DTube account (or create a new one)
  2. Fill in the required information
  3. Select the amount of DTC to buy and pay with either STEEM or Other cryptocurrencies and check you Mailbox for confirmation

More details:

  • Check the full article about the token sale here
  • Check the DTC ecosystem full roadmap here

Need support?

For support from the team and the community, please comment this post or go to our:

If you have lost your private keys, please read this article.

The DTube team
https://d.tube

P.S.: A poll is running on our twitter about the recent Steem/Tron news. Feel free to participate :)

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Thank you for the announcement 👍 good to know appropriate measures are being taken.

❤️ Stand The Test Of Time ❤️
#OneLoveDTube

I was wondering why my phone went nutz.... thanks for the backup DTube 💖

I trust you DTube!!! 💪 good news , thanks 🙏

Let's get it going stronger than ever ❤

We can help by spreading the word and our faith, going to make another DTC purchase now!

It seems that on the way the burdens are straightened out... Let's see how this whole process unfolds and how the community receives it... Let's hope the new approaches are clear... Thank you. Happy day.

Al parecer en el camino se enderezan las cargas… Abra que ver como se desenvuelve todo este proceso y como lo recibe la comunidad… Esperemos los nuevos enfoque estén claros… Gracias Feliz día.

  ·  5 months ago (edited)

I have but one question, will hive communities be implemented? IMO not having it is just further segregation of DTube content from the STEEM platform as we are now seeing many curators staying inside their specific hive walls.

Excellent news all around guys, never doubted our future just the path we will take to get there!

Our priorities are about our own chain and token for now. Communities can be an excellent tool but it still seems slightly messy right now, we will see what happens on the announced big update of steemit.com and how it impacts STEEM blockchain usage.

Agreed, DTC chain And token should be priority...

I was just curious as I have been reluctant on starting a OneLove hive community due to inability to post directly from DTube to it but content can still be cross posted to the community as is...

Might just start with that and feel it out some more while waiting for the announcement and what not.

Thanks for clarifying 🙌

I've been asking about implementing our community and have never even been able to get a response. Glad to atleast know that you have decided not to work on that for now. But it's pretty annoying that I paid for scottube and then couldn"t even get a response from @heimindanger. I guees I'll start looking into alternatives like 3speak.

I hope this second attempt will achieve the proposed goals... ☺

Espero en este segundo intento se logren las metas propuesta… ☺

Its a Fantastic news.

We are conditioned by Steemit Inc to expect no communication, so nobody really even noticed. Dumb move though because many people left for 3Speak. It's really not that hard to give some quick updates. Business 101. Do better moving forward , there's no excuses for lack of communication.

Good news 👍

Posted using Partiko Android

I was a supporter of this project until any communication or attempt at developing scottube stopped. I would have promoted and bought the sale if it appeared like @heimindanger had any plans to finish developing it. As far as I can tell, he doesn't.

@heimindanger is and always has been nothing more than a little beotch. Nobody gives a rats fuck about his worthless shittoken.

Poor boy needs to sell trash to you suckers to keep his worthless site up and running since he can’t afford to support his own ideas.

Ok, then why downvote my criticism of him?

Bots aren’t selective.

Fair enough. I will never reply to a d.tube post again.

Really? Because of a downvote?

This surprises you?

Yes? It's just comments, what's he gonna lose, that precious reputation score?

Nice infor. I hope wait...

@tipu curate 3

  ·  5 months ago Reveal Comment

Thank you for the update :D

YES!

GodSpeed 💙 @dtube ♩♬

Posted using Partiko Android

This is very good news and at the right time...

Estas son muy buenas noticias y en el momento más indicado…

Well, this is great news for us for dtube lover. Let's move forward with more strength with more power.
I'm always beside on the Dtube platform.

I never thought a company could make such a huge amount of bad decisions in a small timeframe.

Hi @marki99

what a close fight

I've noticed that that we're both playing Holybread. What's your impression so far?

I play as @project.hope and so far I found this game quite entertaining. Perhaps it will get boring soon, but right now it's still loads of fun :)

Yours,
Piotr

Hi,

close fight indeed :)

I enjoyed the game, but stopped playing recently with all the Tron stuff going on. Might continue sometime later.

It's me again @marki99

I just realized that I never actually thanked you for your comment. Big thx.

ps.
I would need to ask you for little favour. Recently I've decided to join small contest called "Community of the week" and I desribed our project.hope hive/community. Would you mind helping me out and RESTEEM this post - just to get some extra exposure? Your valuable comment would be also appreciated.

Link to my post: on steemit or on steempeak

Thanks :)
Yours, Piotr

How can I claim my dtube account with my steemit account?
Why do I have to use numbers in my new dtube account?
Will I be able to access the mainnet with an unclaimeed account?

This is all very confusing to the casual user.

Hello!

This post has been manually curated, resteemed
and gifted with some virtually delicious cake
from the @helpiecake curation team!

Much love to you from all of us at @helpie!
Keep up the great work!


helpiecake

Manually curated by @solominer.


@helpie is a Community Witness.

Nice to get an update on this.

P.S.: A poll is running on our twitter about the recent Steem/Tron news. Feel free to participate :)

I would like to recommend dpoll, which is a poll dApp on the Steem blockchain, so if you would use that dApp to post polls, then users without a Twitter account could also vote on your polls, because all you need to use dpoll is a Steem account.

It's good that you guys are capable of adapting when the circumstances change. I hope you manage to achieve your goal as video hosting alternative!

Really good news..I am proud to be a member of dtube!

Posted using Partiko Android

Thank you for the information. think about more curators and take care of the community. I know that the token is valid but there are not enough curators.

Posted using Partiko Android

Implementing different upload methods (BTFS, WebTorrent)

Nice! Good luck with everything!

Really excited! Dual blockchain solution is probably the best decision youve made @heimindanger
Good job!

Posted using Partiko Android

Sounds good. I am glad to be part of our DTube family and hope to see Dtube thrive for years to come!

Hello , thank's for you information for all community. @vdc ( Venezuelans Dtubers Community ) regards ...

This is the first and last round. I have bought some. Now thinking to buy some more. Nice initiative. It would take huge time to raise 100 M. Now only 4M will sold very soon as it is last round as well. Waiting for May

Hello, when will Dtube offer live video?

What happened to @heimindanger guys?

My two cents on this is dtube is not uncensored platform. The moves it made has made me dubious to what it states to users as a whole.

Why are you giving this out?

Because I can

Posted using Partiko Android

Onward march :)

Interesting

Posted using Partiko Android

Thanks for the announcement, and good luck. I hope to use DTube as one of my video content publishing platforms in the future.

Hang in there, you'll get it done. Everything I have done was done without any funding at all so you can do it!

@dtube,
Already bought some tokens and awaiting!
$trdo

Cheers~

Congratulations @theguruasia, you successfuly trended the post shared by @dtube!
@dtube will receive 13.50566663 TRDO & @theguruasia will get 9.00377775 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

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Join TRDO Discord Channel or Join TRDO Web Site

Good to know. Thanks for sharing the dates

This is fantastic news and being Dtuber I am excited for main net. With launch of main net @dtube is moving ahead through towards scalability through innovation. Great update

Posted using Partiko Android

Wooooo been waiting for this for a long time!

Congratulations @dtube!
Your post was mentioned in the Steem Hit Parade in the following categories:

  • Comments - Ranked 10 with 57 comments
  • Pending payout - Ranked 6 with $ 74,22

Thanks for the update @dtube! This is very exciting news for DTube and for us users who are able to benefit from the hard work that you all have been doing in the background. :-)

Hope that the plan will success.I love Dtube a lot and it is a best project !!

Congratulations @dtube! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You distributed more than 51000 upvotes. Your next target is to reach 52000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
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Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @dtube, your post successfully recieved 13.50566663 TRDO from below listed TRENDO callers:

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I congratulate you @dtube for your honesty and charity in explaining the details that did not turn out the same as the future...

Les felicito @dtube por su honestidad y caridad al explicar los detalles que no resultaron al igual que los futuros…

  ·  5 months ago Reveal Comment