Bible Pay

Governance => Archived Proposals => Topic started by: Rob Andrews on December 12, 2018, 10:26:55 am

Title: New Exchange Fund - BiblePay
Post by: Rob Andrews on December 12, 2018, 10:26:55 am
Now that Jaap has been compensated for finishing CoinExchange.IO I would like to start a new piggy bank for our new exchange fund (Jaap is taking a break until further notice).

We have an offer to be with Cryptopia for 1.5BTC.  If nothing better comes along, this might be our best option - hopefully by December 2019.

I plan on periodically converting the latent BBP balance to BTC so as to not add liquidation risk.

I also plan on keeping records of the balance and conversion activity in our SQL server so we can see how far along we are as we go.

I am requesting 1 mil to start.
Title: Re: New Exchange Fund - BiblePay
Post by: thesnat21 on December 27, 2018, 07:18:30 am
To clarify, I see a second proposal for another 500k,  this is in addition to the 1m?

Title: Re: New Exchange Fund - BiblePay
Post by: klondike on December 29, 2018, 12:20:15 pm
good job guys......
Title: Re: New Exchange Fund - BiblePay
Post by: Rob Andrews on February 27, 2019, 08:03:48 am
To clarify, I see a second proposal for another 500k,  this is in addition to the 1m?

I added an SQL table for this so we can track every one; please see pool | Reports | New Exchange Fund.

Ill make sure the chain govobjs reconcile to this from the bbp side.  From the BTC side I will add a record every time i liquidate one.