“Stable coin” become hot in recent past and attracted much attention, the event that USDT is discounted more than 5% bring great worry on this token that occupy more than 95% stable coin market shares, now there is a great market chance for smartcoins, we should not miss it and need to do some big promotion to extend the market share.
Now one of the biggest market for stable coin is exchange, exchange has the demand to adopt stable coin as base trading currency, to encourage every potential people in this world to help to lobby the exchanges to adopt bitCNY and bitUSD, I suggest to open a worker proposal to use public fund for a marketing campaign.
1. Bounty quantity
the 4 most famous exchange: binance, OKEX, Huobi, Bitfinex. 1M/0.5M BTS
Top 20 in coinmarketcap Adj.Vol(24h) ranking 400K/200K BTS
Top 50 in coinmarketcap Adj.Vol(24h) ranking 200K/100K BTS
if one succeed to lobby one of the 4 most famous exchange - Binance, OKEX, Huobi, Bitfinex to open smartcoin market, he/she will get 1M BTS as reward for the first adopted smartcoin(either bitCNY or bitUSD), 0.5M BTS as reward for the second adopted smartcoin(either bitCNY or bitUSD).
for other exchanges, the reward is as listed above based on the Adj.Vol(24 hours) ranking in coinmarketcap.com.
2. Work verification and reward distribution
Bitshares Committee will take the responsibility to verify the work of lobbyist and decide the distribution of reward.
People who want to work as lobbyists need to comment on the work proposal thread, give the information of bts account, email and which exchanges he/she want to lobby, if finally the exchange open smartcoin market(open at least 3 relevant trading pairs), the lobbyist need to provide evidence that it’s his/her work that make things happen.
There is a 30 days observation period, if the smartcoin markets are kept open in these period, then the highest Adj.Vol(24h) rank of this exchange in coinmarketcap in these 30 days will be used to determine the reward.
This campaign will last 180 days, only when exchange open smart coin market in these 180 days then the reward will be distributed accordingly.
A worker proposal of 100K BTS daily pay will be created for this campaign, if too many exchanges open smart coin markets and the totally 18M BTS is not enough to pay the reward, open market operation fund will release the fund to fill up the gap.
I hope this suggestion can be supported by community and we can implement it rapidly to capture the market chance.