Author Topic: [Worker Proposal] - A bounty based smartcoin marketing campaign  (Read 1549 times)

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Offline bitcrab

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[Worker Proposal] - A bounty based smartcoin marketing campaign
« on: October 23, 2018, 11:04:25 am »
NAME:   bounty based smartcoin marketing campaign
WORKER HANDLER:   smartcoin-marketing (a committee owned account)
TOTAL:   9M BTS
DURATION:   2018/11/10 - 2019/2/7 (90 days)
DAILY PAY:   100K BTS
WORKER ID:   1.14.129


“Stable coin” become hot recently 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, after community discussion, now we create a worker proposal for a bounty based smartcoin 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

open smartcoin market: one exchange open smartcoin market means the exchange adopt smartcoin as base trading currency and list at least 3
relevant trading pairs, including BTC/smartcoin.

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 and leave the information of bts account, email and which exchanges he/she want to lobby, if finally the exchange open smartcoin market, the lobbyist need to provide evidence that it’s his/her work that make things happen.

it's possible that the reward for one event (one exchange open 1 smartcoin market) be distributed to more than one people/team, this depend on the committee's judgment on the contribution.

There is a 60 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 60 days will be used to determine the reward.

the worker proposal will end at 2019/2/7, only when exchange open smart coin market from when the worker proposal is active to the end day  then the reward will be distributed accordingly.

this worker proposal will collect totally 9M BTS. it will suffice if not too many exchanges adopt BTS.

if too many exchanges open smart coin markets and the totally 9M BTS is not enough to pay the reward, it is possible that open market operation fund release the fund to fill up the gap. however this need another discussion to reach consensus.

« Last Edit: October 24, 2018, 09:53:25 am by bitcrab »

Offline sschiessl

Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #1 on: October 23, 2018, 11:18:21 am »
Lobbying is especially important right now, thank you for that initiative!

Questions on some details:
  • Can the Bitshares Committee please confirm taking on this responsibility? Lot's of unpaid reviewing might be necessary
  • What happens if not all 9M BTS will be paid out?
  • I assume the daily pay will go to the comittee-account. Will there be a transparent accounting platform now that the comittee wants to have two workers?

Offline bitcrab

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #2 on: October 23, 2018, 02:47:31 pm »
Lobbying is especially important right now, thank you for that initiative!

Questions on some details:
  • Can the Bitshares Committee please confirm taking on this responsibility? Lot's of unpaid reviewing might be necessary
  • What happens if not all 9M BTS will be paid out?
  • I assume the daily pay will go to the comittee-account. Will there be a transparent accounting platform now that the comittee wants to have two workers?

I can confirm that  jademont and I will take the responsibility of reviewing the events relevant to exchanges in Asia, we hope the committee members from western world can also do that in their area however this still need confirmation, we'll try to help if possible.

if not all 9M BTS will be paid out, what  left will be refund to the reserve pool or kept in committee account.

the OMO worker is now voted out, later the left vesting balance will be transferred out and only one single committee-account owned worker will be left and the account will be transparent. if later there will be more committee controlled worker, we can create a specific account will is controlled by committee-account and handle the worker independently.

Offline clockwork

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #3 on: October 23, 2018, 02:49:29 pm »
fwiw, I'm willing to spend necessary time reviewing submissions as needed too

Offline Customminer

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #4 on: October 23, 2018, 10:43:09 pm »
Can we add "lobby/convince CEX to enable borrowing bitasset with BTS via CEX" as a secondary bounty objective? It would help return BTS to the DEX, increase BTS buy pressure on affected CEX & solve CEX bitasset supply issues.
Hertz, Beyond Bitshares, Gridcoin!

Offline bitcrab

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #5 on: October 24, 2018, 09:24:53 am »
Can we add "lobby/convince CEX to enable borrowing bitasset with BTS via CEX" as a secondary bounty objective? It would help return BTS to the DEX, increase BTS buy pressure on affected CEX & solve CEX bitasset supply issues.

this is  a little complex, need to do some assessment before marketing, I don't recommend it to be included in this worker proposal.

Online Bangzi

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #6 on: October 24, 2018, 10:30:29 am »
Voted!!! +5% +5%
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Offline ripplexiaoshan

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #7 on: October 24, 2018, 10:30:34 am »
Lobbying is especially important right now, thank you for that initiative!

Questions on some details:
  • Can the Bitshares Committee please confirm taking on this responsibility? Lot's of unpaid reviewing might be necessary
  • What happens if not all 9M BTS will be paid out?
  • I assume the daily pay will go to the comittee-account. Will there be a transparent accounting platform now that the comittee wants to have two workers?

I can confirm that  jademont and I will take the responsibility of reviewing the events relevant to exchanges in Asia, we hope the committee members from western world can also do that in their area however this still need confirmation, we'll try to help if possible.

if not all 9M BTS will be paid out, what  left will be refund to the reserve pool or kept in committee account.

the OMO worker is now voted out, later the left vesting balance will be transferred out and only one single committee-account owned worker will be left and the account will be transparent. if later there will be more committee controlled worker, we can create a specific account will is controlled by committee-account and handle the worker independently.

To be more specific about the first point, all committee members should take responsibility on judging, just the Chinese committee members (bitcrab jademont abit ebit still) are more familiar with Asia exchanges so that they should take more responsibility.

However, I expect a wider discussion about the details to make this bounty more fair and more transparent while it can really incentivize people to do the job.
BTS committee member:jademont

Offline yury

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #8 on: October 24, 2018, 01:45:29 pm »
I doubt a big exchange would accept these relatively low liquidity assets and take risk of being force settled and end up with bunch of BTS loosing its price dramatically. Especially when price fed by witnesses is voluntary changed w/o having a consensus and collective agreement to do so, or driven by open public threats to those who don't obey. 
Yury Cherniawsky
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Offline bitcrab

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #9 on: October 25, 2018, 07:27:55 am »
at beginning I'll try LBANK and RightBTC.

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Offline clockwork

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #10 on: October 25, 2018, 07:43:11 am »
at beginning I'll try LBANK and RightBTC.

account:bitcrab
email:[email protected]

LBank already list BTS no? seems like a good choice to take the next step

Offline abit

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #11 on: October 25, 2018, 09:52:00 pm »
I doubt a big exchange would accept these relatively low liquidity assets and take risk of being force settled and end up with bunch of BTS loosing its price dramatically. Especially when price fed by witnesses is voluntary changed w/o having a consensus and collective agreement to do so, or driven by open public threats to those who don't obey.

I think you need to learn more about how BitShares works, and refine your wording properly. As a significant player (I assume you're the face of OpenLedger) in the ecosystem, this is really important.

1. BitUSD holders won't be "being force settled" or "end up with bunch of BTS".
2. Talking about potential "BTS loosing its price dramatically" is not appropriate.
3. "price fed by witnesses is voluntary changed w/o having a consensus" is incorrect. Witnesses are acting by consensus. As of writing, BSIP42's status is "approved" according to result of consensus voting.
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Offline abit

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #12 on: October 25, 2018, 09:52:55 pm »
at beginning I'll try LBANK and RightBTC.

account:bitcrab
email:[email protected]

LBank already list BTS no? seems like a good choice to take the next step
This proposal aims for exchanges listing bitCNY/bitUSD as base currency like BTC or USDT.
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BTS committee member: abit
BTS witness: in.abit

Online matle85

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #13 on: October 25, 2018, 10:18:19 pm »
I've negotiated with LATOKEN (number 36 when I looked  today) to list bitUSD and bitCNY for 7 BTC + 1 BTC in native token. Both will be listed with 4 pairs (BTC, ETH, USDT and LAT).

Notwithstanding the bounty and discussion over whether this counts as 'base' I would like to see us get listed and I've got a draft agreement from LATOKEN. I have emailed BBF for some guidance on how it gets finalised.

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Online matle85

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Re: [Worker Proposal] - A bounty based smartcoin marketing campaign
« Reply #14 on: October 25, 2018, 10:25:56 pm »
That's the price for both by the way - negotiated down as it was originally per coin.