If you are close enough to place it in the basket, place it in
. During a casual round no one would be upset about you just swiping the chains with the disc but during a tournament round you do have to release the disc into the basket to become holed out.
The travel tags on here are just a fun little thing the members do. You purchase a travel tag and when you play with another DGCR member you swap them. There is a spot on the back to sign them and what not. I don't have one myself but I believe that it doesn't matter who wins the round you still switch them.
And here is a diagram about what is considered holed out or not. Of course anything sitting in the actual basket is good as well.