To fund critical projects on an as needed basis without waiting for delegate funds to accrue.
Initially, as a show of good faith, there will be 1.5 Million BTS available for funding projects.
Anyone can start submitting project proposals now. If approved, and BitsharesBreakout is elected, the funds will start flowing.
1.5 Million BTS is not a lot but its roughly 1 years worth of delegate pay. By electing BitsharesBreakout you're making those much needed funds available now. Update: I've begun funding projects before getting elected.
In addition, Community members can support specific projects by sending donations to:
with a memo of the desired project to support.
These donation will be payed back in a first in first out manner as delegate funds are receive.
Note: there is no guarantee the delegate will be elected and therefor no guarantee your donations will be refunded.
10% will be kept by BitsharesBreakout to cover expenses and compensate my time and service.
90% will be used to fund projects and/or repay pre-funded projects
Any funds received in excess of funded projects will be burned unless there is some reason to accumulate for a larger project.
Because BitsharesBreakout is prefunding with 1.5 million BTS.
The community essentially has 1 year to evaluate the performance of BitsharesBreakout and its sponsored projects.
If at anytime it is deemed that BitsharesBreakout is not acting honestly or hasn't produced quality results with spent funds.
BTS voters can remove the delegate and BitsharesBreakout will take the loss.
At this time I am the sole controlling member of BitsharesBreakout, and I consider the entire community my advisers.
All major projects requiring a large sum, will likely be discussed with community members thoroughly before funding.
Some initial examples of possible/probable projects that will receive funding:
I fully expect most submitted project proposals will not be accepted, as I am looking for high quality, critically important projects to fund.
Please visit http://bitsharesbreakout.com
and submit you project for review.
*bear in mind I am not a web developer so the site is nothing fancy and currently lacking some functionality/content.
Please vote now and support this delegate : fund.bitsharesbreakouthttp://bitsharesblocks.com/delegates/delegate?name=fund.bitsharesbreakout
feedback is welcomed and encouraged. Thanks.UPDATE: Introducing the Breakout Bot
I've built a bot that is currently making 12 different markets across 6 different exchanges.
By voting for fund.bitsharesbreakout , the delegate funds will add liquidity across these markets. Any profits made from bot arbitrage will be applied to the fund to repay its donors and enhance funding for other Breakout sponsored projects. BitsharesBreakout is guaranteeing the funds balance to never be less than what is received via delegate pay, meaning any losses due to the bots trading activities will not affect the total available to the fund. Community Donation Support:
Thank You!UPDATESUpdate#1: Funded projects : Rap Song & Info-Graphics
Update#2: Funded projects : Raffle Giveaway
Update#3: Introducing the Breakout Bot