New Exchange Proposal - Add new Biblepay Exchange

[jaapgvk]

I added 3K to your Balance just in case.

Thanks

Of course, it would be briljant if we could get on a major exchange for free, but I think it's also a good idea to start saving up so we aren't dependent on that to happen.

I volunteer to keep the funds safe until we really need them. I think I'm going to use a paper wallet for that (which I will store with redundancy alongside my other cold-storage crypto), both for safety and for keeping the funds completely separate from my own wallet.

Of course, there is an amount of trust involved, but my real name is known (and not so difficult to find if you just google my username). Otherwise, maybe a BBP multisig address might be an idea (if that's technically possible).

What would be an acceptable amount to strive for per superblock?
500k? 1000k?

[togoshigekata]

Luke did a great job creating an excel sheet and filling it with info,
I finally dove in and looked through the exchanges listed on coinmarketcap, looking for exchanges that have lower listing fees and have high volumes of masternode coins,
these are exchanges I think we should contact next:

Crypto Bridge
Coinroom
Mercatox
Yobit (What ever happened with Yobit?)
Livecoin
Poloniex
Bittrex

Are you open to sharing the google excel sheet Luke?

[znffal]

Luke did a great job creating an excel sheet and filling it with info,
I finally dove in and looked through the exchanges listed on coinmarketcap, looking for exchanges that have lower listing fees and have high volumes of masternode coins,
these are exchanges I think we should contact next:

Crypto Bridge
Coinroom
Mercatox
Yobit (What ever happened with Yobit?)
Livecoin
Poloniex
Bittrex

Are you open to sharing the google excel sheet Luke?

Hi all, I should also thank the anonymous user who added some exchanges and formatted it a bit nicer.

https://docs.google.com/spreadsheets/d/e/2PACX-1vQw97o0kAA6slMudHzu0dMps8z76ca5D3zpxbNwY-7s0Ajn9M4Z3ntS4vWN8cSvxWxh9VbiyMvz45Bi/pubhtml

[togoshigekata]

I went ahead and contacted or submitted forms for:

Name --------------- Website ----------------------------- Listing Fee ----- Volume
Crypto Bridge ---- https://crypto-bridge.org/ --- 1 BTC -------------- https://coinmarketcap.com/exchanges/cryptobridge/ ---- Submitted Form
Coinroom ---------- https://coinroom.com/ ------- ?? ------------------- https://coinmarketcap.com/exchanges/coinroom/ --------- Contacted
Mercatox ----------- https://mercatox.com/ ------- 1.0-1.5 BTC ------ https://coinmarketcap.com/exchanges/mercatox/ --------- Contacted
Yobit ----------------- https://yobit.net/en/ ----------- 0, 0.1, 0.5 BTC -- https://coinmarketcap.com/exchanges/yobit/ --------------- Submitted Form
Poloniex   ----------- https://poloniex.com/ -------- Free? --------------- https://coinmarketcap.com/exchanges/poloniex/ ---------- Submitted Form

Livecoin is too expensive for us right now at 4 BTC,
I think we can reasonably do 1 BTC from one or two monthly budgets

Bittrex is also free, but we have to have an Enhanced Verified Account with them to submit a listing, which we would need Rob I believe:
"Please provide an Enhanced Verified Account of team member registered on Bittrex.
This team member must be either a core developer or a major shareholder (10% or more) of a company that backs the development of the coin.
That member will need to submit identifying documents to get their account Enhanced Verified."

C-CEX still has new user registration disabled and has drama over losing Verge coins
CoinsMarkets is slowly enabling some coins, but has basically been offline for us for a couple months now
SouthXChange is doing well for us

[jaapgvk]

Great work everybody!

I have an enhanced account at bittrex, but that account is on my gmail email-address. I could contact them from my biblepay email-address (give both email-addresses). That would probably qualify me as a 'core developer'.

I'm pretty positive about Crypto Bridge btw, because it's a decentralized exchange, so I see a lot of room to grow for them.

There is enough room left in the budget to get about 1 BTC in two superblocks I guess

I could request 1.5 million BBP in this one, and 1.5 million BBP in the next. And we can see what route we'll take from there?

[znffal]

Great work everybody!

I have an enhanced account at bittrex, but that account is on my gmail email-address. I could contact them from my biblepay email-address (give both email-addresses). That would probably qualify me as a 'core developer'.

I'm pretty positive about Crypto Bridge btw, because it's a decentralized exchange, so I see a lot of room to grow for them.

There is enough room left in the budget to get about 1 BTC in two superblocks I guess

I could request 1.5 million BBP in this one, and 1.5 million BBP in the next. And we can see what route we'll take from there?

Please do. I hope that in this superblock the remaining BBP is taken up for exchange listing or getting ahead with orphan payments or a mix of both.

[jaapgvk]

Please do. I hope that in this superblock the remaining BBP is taken up for exchange listing or getting ahead with orphan payments or a mix of both.

I've read on bitcointalk that Rob has already payed ahead a lot of premiums for compassion.com (I guess he used his own BBP to sell before the next superblock will hit, probably because the bill was due).

Are there more people that will vote vote 'yes' on a 1.5 million BBP proposal for an exchange fund?
I'll submit the proposal in the PR-budget. That budget will then be bigger than 5%, but I don't think it matters, as long as the total budget doesn't cross the 15.375.000 BBP, right?

[togoshigekata]

There is currently 2,533,945 BBP left in the budget if every proposal currently passing passes and every one currently failing fails

at $0.003 USD per BBP that comes out to ~$7,602 and at ~$9000 per BTC thats about 0.845 BTC

I think we can trust you Jaap to hold onto it, Id also be okay with holding on to it as well if the community is okay with it,
this does get into the whole centralized tmike sanctuary masternode debate, but this would be very short term I would hope

[jaapgvk]

There is currently 2,533,945 BBP left in the budget if every proposal currently passing passes and every one currently failing fails

at $0.003 USD per BBP that comes out to ~$7,602 and at ~$9000 per BTC thats about 0.845 BTC

I think we can trust you Jaap to hold onto it, Id also be okay with holding on to it as well if the community is okay with it,
this does get into the whole centralized tmike sanctuary masternode debate, but this would be very short term I would hope

Allright, I just read the post Rob made on bitcointalk:

So we have about 5 more days until our next monthly superblock.

If anyone has any proposal ideas, please submit them now.

If we still have excess available this Friday evening, I plan on adding a compassion excess-to-orphan fund proposal to spend the remaining coins on something constructive, and will dump them on the exchange.

I just generated a paper wallet and will go ahead and make a proposal for 1.5 million BBP, and Rob can use whats left for extra compassion premiums

[jaapgvk]

Okay everybody, if you want to vote 'yes' on this proposal, please use this command:

Code Select Expand

gobject vote-many ff91d38d5c8048a34ae006c23389befaa7d9945d2a6eeae4591ec40b4e4b694a funding yes



Of course, you can also check this in the pool. I've named the proposal 'New Exchange Fund (NOT fee reimbursement)'.

Maybe it's a bit confusing to have two proposals linking to one forum-thread, but since the discussion took place here, I've linked to this thread and didn't make a new one.

I'll keep all the funds locked in the paper-wallet address until we decide one what we'll do with it. The one thing I am thinking about, is maybe sell the BBP for BTC outside of exchanges (for example to someone who want's to get a Sanctuary but doesn't want to drive the price up on an exchange).

[znffal]

Okay everybody, if you want to vote 'yes' on this proposal, please use this command:

Code Select Expand

gobject vote-many ff91d38d5c8048a34ae006c23389befaa7d9945d2a6eeae4591ec40b4e4b694a funding yes



Of course, you can also check this in the pool. I've named the proposal 'New Exchange Fund (NOT fee reimbursement)'.

Maybe it's a bit confusing to have two proposals linking to one forum-thread, but since the discussion took place here, I've linked to this thread and didn't make a new one.

I'll keep all the funds locked in the paper-wallet address until we decide one what we'll do with it. The one thing I am thinking about, is maybe sell the BBP for BTC outside of exchanges (for example to someone who want's to get a Sanctuary but doesn't want to drive the price up on an exchange).

Voted yes

[jaapgvk]

The pay ahead was in part from the extra "leftover" budget stuff.  Basically we agreed that instead of expanding the number of orphans sponsored, we should instead expand the months sponsored until we hit a certain point (I've said at least a year, others have said six months) on the chance that we might nosedive in value at some point or have some other major issue that would not permit us to pay all the premiums.

Meanwhile, I'd love to see us on Bittrex or Poloniex and think any effort to get on Yobit is wasted (they have had many issues in the past and are in my mind are better to not be on).

Yes, I'm aware that he is paying ahead the premiums, and I've always been a proponent of this I just wanted to show that Rob was doing exactly that, and that, because of that, there is also room for some budget to go getting us listed on a new exchange in my opinion. There is a lot more budget than before from this superblock on.

Yobit is indeed out of the question as far as I'm concerned. Some shady things going on there (also with implementing new coins).

[jaapgvk]

Alright guys, thanks for trusting me.

All BBP was transacted to a paper wallet that is in a backuped safe location:
http://explorer.biblepay.org:3001/address/B612bu2jxWC8vo6MrPSgZXsJVzbQrETrBx

I'm willing to sell the BBP (approximately worth a sanctuary) directly for BTC, and else I'm going to keep it in the wallet until it's decided what we'll do with the funds.

Maybe I'm even going to ask for 1'550'001 BBP in the next superblock, so I'll have a complete Sanctuary for sale

Or maybe someone else can add a proposal for the next superblock, to spread some risks.

[jaapgvk]

Alright, just sold the first 1.5M BBP for 0.45 BTC

Next round I'm probably going to ask for 1.550.001 BBP so I can really market it as a full Sanctuary

You can follow the funds here:
https://blockchain.info/address/3AojspQgpSSDdPJJANj4UtSBFUZy8YdduT

This is an address on my Ledger Nano S. If the fund grows, I'd rather have a multisig address with someone like Rob or Togo, so it's more trustless.

[jaapgvk]

I created a new proposal for round 2 of the New Exchange Fund. It's for 1'550'001 BBP, so I can sell it as an entire Sanctuary (and not upset the market too much).

If you'd like to vote in favor of this proposal, you can use this command:

Code Select Expand

gobject vote-many 586e313795a33ccf3d5c9026373d1795ace4f0c68fd2fe8d51693f109b6f1c89 funding yes

Like always, you can also get the command from the pool

Thanks!