Bible Pay

Read 94 times

  • Rob A.
  • Administrator

    • 1112


    • 20
    • June 05, 2017, 08:09:04 pm
    • Patmos, Island Of
    more
BiblePay Proposal to be listed on CoinExchange.IO
« on: August 07, 2018, 09:45:08 pm »
CoinExchange.IO has given BiblePay a hard offer to list us on their exchange for 2 BTC!


This price is a 50% discount below the regular rate.

CoinExchange is ranked #130 on coinmarketcap with $730,000 volume per day:
https://coinmarketcap.com/exchanges/coinexchange/

We have filled out their listing form successfully:
https://wiki.biblepay.org/CoinExchange_Requirements

And it was approved by coinexchange.

However, the 'catch' is we applied for this listing last Christmas (of 2017), and it was approved in January, and now that 7 months have gone by, they would like to close the deal within 7 days, otherwise they will rescind the offer.  Unfortunately, the next offer will be 3 BTC if we delay.

Rob, Togo, Luke, Jaap and Chad have investigated the offers authenticity (Rob created a freshdesk ticket from inside coinexchange) and we have been e-mailing back and forth, so we have verified this offer is legitimate and not a scam.

Please vote for this proposal if you think this is a good move for Biblepay.

Time is of the essence, as we must reply to coinexchange within 6 days in order to close the deal.

We currently have 1.33 btc in the exchange fund (Jaap, our treasurer is holding this amount), and he believes we actually have 1.75 btc availalbe in total (since he has approx 1.5MM unsold biblepay coins this month that still need liquidated).

To finance the deal, Rob will loan the remaining .25 BTC temporarily for the integration to be started on time.  This proposal seeks 1 million BBP to close the gap between Jaaps current balance (1.75 BTC and the 2.00 BTC required), and another smaller proposal will be entered if we are short.

If we are over, Jaap will hold the remaining coins in the treasury for our next exchange project.



  • noxpost
  • Newbie

    • 16


    • 4
    • April 10, 2018, 07:24:15 am
    more
Re: BiblePay Proposal to be listed on CoinExchange.IO
« Reply #1 on: August 08, 2018, 08:20:02 am »
Thanks to everyone for their diligence in investigating this opportunity, and to Jaap and Rob in particular for their financing efforts. Excited to see this develop.


  • Rob A.
  • Administrator

    • 1112


    • 20
    • June 05, 2017, 08:09:04 pm
    • Patmos, Island Of
    more
Re: BiblePay Proposal to be listed on CoinExchange.IO
« Reply #2 on: August 19, 2018, 09:36:06 am »
Thanks to everyone for their diligence in investigating this opportunity, and to Jaap and Rob in particular for their financing efforts. Excited to see this develop.

So far they seem to be adding more liquidity and exchange users to biblepay.  I feel like we are receiving a slow ROI back from the investment and our liquidity has increased.


Sent the 1 million I am receiving from this proposal to Jaap ahead of time since he funded the deal.

He still needs to raise .30 btc to pay off his deficit.  He just entered another proposal for 593,000 bbp to close the gap.