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Offline Xeldal



Objective : 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:
BTS: bitsharesbreakout
  
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.   




Funds Flow:
  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:
Exchange integration
Gateway development
Developer incentives
Marketing projects/materials

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.bitsharesbreakout

http://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:

* onceuponatime
* cass
* bitscape
* Aloha
* pheonike

Thank You!


UPDATES
Update#1: Funded projects : Rap Song & Info-Graphics
Update#2: Funded projects : Raffle Giveaway
Update#3: Introducing the Breakout Bot
« Last Edit: May 21, 2015, 06:39:11 PM by Xeldal »

Offline Frodo

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #1 on: January 20, 2015, 07:25:24 PM »
Yes, I think this is very much needed. It is a pretty high entry barrier to run a delegate and get voted in.

 +5% For your generosity and the work you already put into the website. You definitely have my vote.

Offline cass

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #2 on: January 20, 2015, 07:31:09 PM »
wow great initiative!  +5%
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Offline cass

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #3 on: January 20, 2015, 07:32:36 PM »
btw like the minimal but clean design ...
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Offline Xeldal

Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #4 on: January 21, 2015, 01:56:08 AM »
Yes, I think this is very much needed. It is a pretty high entry barrier to run a delegate and get voted in.

 +5% For your generosity and the work you already put into the website. You definitely have my vote.

I've been hearing rumblings of desire for such a thing for awhile.  Lately it has come up almost every day.  We'll see what people want to do about it.

btw like the minimal but clean design ...

Thanks Cass, it means a lot to hear that from you.  I'm still learning how to put them together and not able yet to make it exactly like I envision it to be, but slowly figuring it out.   Thankfully, I don't think a site like this needs to be too complicated.

Offline mira

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #5 on: January 21, 2015, 04:00:39 AM »
Great idea
Objective : 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.

and I'd say that's (stunningly) more than just a show of good faith!

Great beginning to the website as well.

Offline jsidhu

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #6 on: January 21, 2015, 04:05:33 AM »
good idea

typo on assits should be assist
Hired by blockchain | Developer
delegate: dev.sidhujag

Offline lovejoy

Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #7 on: January 21, 2015, 05:37:36 AM »
 +5%

Epic!

Much gratitude for bringing this to the table!  8)

Offline gyhy

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #8 on: January 21, 2015, 12:15:03 PM »
good,i vote you

Offline CLains

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #9 on: January 21, 2015, 12:47:36 PM »
Great idea
Objective : 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.

and I'd say that's (stunningly) more than just a show of good faith!

Great beginning to the website as well.

Yup, absolutely amazing+5% +5% +5%

1.5 million goes a looong way to many of the things we are going to need.

Especially now that our market cap is going to go through the roof. :D

Not sure I have ever been this bullish on BitShares   :o

Offline matt608

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #10 on: January 21, 2015, 01:25:44 PM »
Great idea
Objective : 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.

and I'd say that's (stunningly) more than just a show of good faith!

Great beginning to the website as well.

 +5%  Brilliant! This is so useful.

Offline cass

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #11 on: January 21, 2015, 04:22:28 PM »
Thanks Cass, it means a lot to hear that from you.  I'm still learning how to put them together and not able yet to make it exactly like I envision it to be, but slowly figuring it out.   

Same way i've started with learning how to design etc.!  +5% +5% Pls continue!!!

Quote
Thankfully, I don't think a site like this needs to be too complicated.

IMO a good site must not be complicated, so you nailed it :)

Voted and good luck for your proposal!
If you i can help you with anything for your project pls don't hesitate to contact me anytime!

█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline Gentso1

Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #12 on: January 21, 2015, 04:50:12 PM »
Very good idea. This should cut down the ramp up funding of ideas and allow them to get off the ground faster.

When I click the submit proposal button nothing happens? The contact link also returns a error.
« Last Edit: January 21, 2015, 04:53:37 PM by Gentso1 »

Offline Stan

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Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #13 on: January 21, 2015, 06:18:48 PM »
Fantastic initiative!

One possible category of funding help you might consider is aiding an occasional poor but worthy delegate with a registration fee loan?
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Xeldal

Re: [Delegate Proposal] fund.bitsharesbreakout - 100% - Project Funding
« Reply #14 on: January 21, 2015, 06:45:13 PM »
Very good idea. This should cut down the ramp up funding of ideas and allow them to get off the ground faster.

When I click the submit proposal button nothing happens? The contact link also returns a error.

Working on those.  The submit proposal button should bring up an email dialog in the meantime.

Fantastic initiative!

One possible category of funding help you might consider is aiding an occasional poor but worthy delegate with a registration fee loan?

Absolutely.  Basically anything you can imagine that needs some kind of funding, large or small.  In all cases if the project itself is able to pay off its own debt over time, that works just as well.  I'd certainly be more inclined to sponsor such a case if that were part of the deal.

 

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