The purpose of this proposal is to establish a scientific financial model of BTS, make reasonable use of the commission income of the committee, open up resources and reduce expenditure, and promote the stable growth of BTS system value.
bitASSETS dividend
Intelligent assets are the original assets of the system, and the corresponding holders should enjoy the dividend of system growth.
Dividend amount: 20000 BTS per day
Participating assets: bitCNY, bitUSD, bitEUR,bitRUBLE
1.Dividend conditions:
1) The holding amount should exceed X. For example: those over 1000 yuan can participate in dividend
2) The holding amount needs to last for a period of time . For example, 7 days. Dividends can only be distributed if the holding amount meets 1000bitcny or above for 7 consecutive days.
2.Dividend method:
1) Participating accounts should register at the beginning of each cycle.Account does not participate in dividend if not registered. The registration method can be to transfer any small number of bitassets to the specified account.
2) The reward needs to be collected actively. If the reward is not collected within the time limit, this part of the reward will not be accumulated.The collection method can be to transfer any small number of bitasset to the specified account.
3) If there are too few bitassets participating in the dividend, set the upper limit of daily yield, such as 5 ‰.
4) The more available bitassets you hold, the more dividends you get. Calculated as a minimum of 7 days. For example, if the number of bitCNY held within 7 days is 2000 3000 3000 1000 5000 5000 2000, then 1000 is the effective number. Note that the available bitassets do not include bitassets such as participating in Pending purchase\ compulsory liquidation and transfer.
5)There is a reward for recommending new registered account to participate in lock in dividend. If the number of locked in bitassets in the account reaches a certain amount (e.g. 100000 bitcny, other bitassets are calculated based on the exchange rate year-on-year), it can be applied as a promotion account. If the new account recommended for registration by the account participates in the locked in of smart assets, the account can obtain corresponding dividends.
Regular destruction
The dividend shall be destroyed at the same time as it is distributed in each dividend cycle.
Destruction per week = coefficient Z * (dividend per week)
Parameter adjustment description
For all parameters, the modification cycle is 2 weeks. Each modification can be adjusted for a function or a single parameter.Modification conditions (one of two options):
1) Adopted by more than half of the members of the Council.
2) Send a simple baip, describe the parameters you want to modify, according to the passing standard of baip.
Continuous operation
This proposal does not conflict with baip6(MM competition).
If baip6 passes, it will be carried out at the same time. After the consumption of the Council's stock funds, 30% of the Council's monthly income is used for destruction, 30% is used for warehouse locking and dividend distribution, 30% is used for mining with hanging orders, and 10% is used for Council reservation. The parameters are adjusted in the same proportion.
If baip6 fails, the proposal will be implemented separately. After the consumption of the Council's stock funds, 30% of the Council's monthly income is used for destruction, 60% is used for lock in dividends, and 10% is used for the Council's reservation. The parameters are adjusted in the same proportion.
organizer
The organizer is appointed by the Council. In the early stage, a certain amount of funds will be spent by the Council account for program development, and 1% of the daily reward will be used as the organizer's salary after operation.