Overview

The BitShares Blockchain Foundation takes a lead in managing so called worker proposals on the BitShares DAC. These proposals, once approved by BTS holders, obtain funding in BTS tokens from the working budget (a.k.a. reserves) of the BitShares DAC. These BTS tokens are then traded into a price-stable cryptocurrency, such as bitUSD.

Transparency

We want to serve an open and trust-less ecosystem. As such, we provide full transparency to the BitShares network. For the sake of transparency and accountability, we have the accounting for the escrow workers under public domain. You can read more about this on our dedicated Accountability Page.

Spending Budgets

The BitShares Blockchain Foundation currently maintains the following list of proposals through escrow:

Worker Proposals

Categories:
All ● UI Development ● Core Development ● Marketing ● Network ● Legal ● Mobile development ● Bug Bounty ● Documentation
Title Worker Price Duration Category
BitShares UI Team 201902-bitshares-ui up to $437,587.5 (~¥2,953,715)
(budget)
46 weeks UI Development
BitShares-Core Development Team 201902-bitshares-core up to $1,386,406 (¥9,358,220)
(budget)
47 weeks Core Development
Marketing: Interviews, articles and visibility 201902-marketing-interviews-articles-and-visibility up to 162,190 CNY (~23,886 USD)
(budget)
4 months + 1 month buffer Marketing
Renewal 2: Deploy and maintain independent BitShares infrastructure 201902-infrastructure 203,750 CNY (30,000 USD)
(budget)
12 months Network
Publicly Approved BitShares Representative 201901-legal-representative 50,000 bitEUR
(escrow)
12 months Legal
OpenSource BitShares Mobile SDK (android/ios) 201811-mobile-sdk up to 100,000 €/bitEUR
(budget)
12 months Mobile development
BitShares.org - Website Development, Content/Domain Management, Hosting 201810-bitshares-org 85180 USD
(escrow)
13 months (1 month buffer) Marketing
ROSSUL - Bitshares Exchange UX/UI Redesign Project 2018-09-rossul-ui 265,828 bitUSD
(escrow)
5 months + 1 month buffer UI Development
Hack the DEX - a BitShares Bug Bounty Program 201807-hackthedex up to $250,000 bitUSD
(budget)
6 months Bug Bounty
Update BitShares' General Public Presentation 201804-general-presentation $45,000
(budget)
6 months Marketing
Legal Council about BTS and No-action 201802-legal-bts $350,000
(budget)
6 months Legal
Revision of Whitepapers and Improvements of Technical Documentation 201802-documentation $80,000
(budget)
12 months Documentation
Maintaining the Reference faucet 201902-reference-faucet 3360 bitEUR (280€/mth)
(escrow)
12 months Network

Finished Workers

Categories:
All ● Marketing ● UI Development ● Network ● Core Development ● Legal
Title Worker Price Duration Category
SteemFest³ Sponsorship by Bitshares 201809-steemfest 10,000 EUR (=12,000 USD)
(escrow)
14 weeks Marketing
BitShares Community Wallet (Part 1/2) 201808-trusty-community-ui-p1 155000 USD
(escrow)
3 months UI Development
Project: Flash - Global Infrastructure for BitShares by APAsia.tech 201808-flash-global-infrastructure up to 25500 USD
(budget)
6 months Network
BitShares UI Team 201808-bitshares-ui up to 290,000$
(budget)
8 months UI Development
Renewal 1: Deploy and maintain independent BitShares infrastructure 201807-infrastructure 32,860 USD
(budget)
7 months Network
BitFest - The BitShares Conference 201804-bitfest 20,000 EUR (=$25,000)
(budget)
6 months Marketing
BitShares-Core Development Team 201803-bitshares-core $711,774
(budget)
10 months Core Development
BitShares UI Team 2018-02-bitsharesui $210,000
(budget)
6 months UI Development
BitShares Core Team Continuing Resolution Budget - 2019 201901-bitshares-core-temporary 516,005 CNY
(budget)
1 months Core Development
Translations into (Simplified) Chinese 201801-budget-chinese-translations $6,000
(budget)
6 months Marketing
Deploy and maintain independent BitShares infrastructure 201712-infrastructure $19,000
(budget)
6 months Network
Blockchain Academy - Marketing BitShares through education 2017-12-blockchainacademy 15,000 bitUSD
(escrow)
5 months Marketing
Publicly Approved BitShares Spokesperson 201710-spokesperson $50,000
(escrow)
15 months Legal
Regulatory Compliance and Exchange Relations 201710-compliance 50,000$
(escrow)
15 months Legal
Steemfest-Hackathon Focus Chain Sponsorship and Prize 201709-steemfest $5,555 + $1,111
(escrow)
1 months Marketing
BitShares UI Team 201708-bitsharesui 150,000$
(escrow)
6 months UI Development
Implementation of BSIP-18: Revive BitAsset through buying Settlement Pool 201707-bsip18 $23,000
(escrow)
2 months Core Development

BitShares Improvement Proposals

Title Worker Type Status
BSIP 57: Managed Vesting Balances 201901-bsip57 Protocol Upgrade voting
BSIP 44: Hashed Time-Locked Contract 201810-bsip44 Protocol Upgrade Accepted
BSIP 43: Market fee sharing 201810-bsip43 Protocol Upgrade Accepted
BSIP 40-1: Custom Active Authorities (Milestone 1) 201808-bsip40-milestone-1 Protocol Upgrade Accepted
BSIP 38: Add target collateral ratio option to short positions 201803-bsip38 Protocol Upgrade Implemented
BSIP 37: Allow new asset name to end with a number 201803-bsip37 Protocol Upgrade Implemented
BSIP 36: Remove expired price feeds on maintenance interval 201803-bsip36 Protocol Upgrade Implemented
BSIP 35: Mitigate Rounding Issue On Order Matching 201803-bsip35 Protocol Upgrade Implemented
BSIP 34: Always Trigger Margin Call When Call Price Above Or At Price Feed 201803-bsip34 Protocol Upgrade Implemented
BSIP 33: Maker Orders With Better Prices Take Precedence 201803-bsip33 Protocol Upgrade Implemented
BSIP 32: Always Match Orders At Maker Price 201803-bsip32 Protocol Upgrade Implemented
BSIP 31: Update Short Position's Margin Call Price After Partially Called Or Settled 201803-bsip31 Protocol Upgrade Implemented
BSIP 30: Always Allow Increasing Collateral Ratio If Debt Not Increased 201803-bsip30 Protocol Upgrade Implemented
BSIP 29: Asset issue change to require owner authority 201802-bsip29 Protocol Upgrade Implemented

Drafts

Title Worker Price Duration
JavaScript: Atomic Cross-Chain Swaps Framework 201903-atomic-cross-chain-swaps $120,000 (in CNY)
(budget)
20 weeks

The BitShares Blockchain Foundation currently knows three types of worker proposals:

Escrow Worker Model

The purpose of escrow workers is to ensure proper payment for the work provided over a period of time and absorb volatility of the BTS token during that time. The freelancer has a reduced currency-risk during while the BitShares DAC does not overpay for the provided work, especially for long-term agreements.

Given that a worker on the blockchain may be voted in for quite some time, the BitShares Foundation would like to exercise the new model of running an escrow worker to reduce risks and costs for the BTS token holders:

Budget Worker Model

Budget workers serve as workers that provide capital for specific purposes where escrow workers do not fit, such as translation work, bug fixing or bounties. The rules are as follows:

BSIP Worker Model

BSIP is the abbreviation for BitShares Improvement Proposal and is describes the procedure of improving the BitShares protocol. Every major change to the behavior of the BitShares Blockchain requires approval by BTS holders by means of approval voting. This is implemented by means of a BSIP worker.

Beneficiaries

Beneficiaries of either of these models need to authenticate themselves against the BitShares Blockchain Foundation with their real-world identity. Invoices need to be sent that are published in this site.

Payments will be made only after receiving and approving individual invoices! Invoices are to be adressed to

BitShares Blockchain Foundation
Suite 10, Huggins House
P. O. Box 187
Old Manor Estate
Gingerland, Nevis

Workers listed on this site will be owned by the BitShares Blockchain Foundation, who will also act as the freelancer’s contracting partner, supervise the progress. Payouts are facilitated in bitUSD through a multi-signature escrow setup with the independent BitShares Foundation.

Blockchain Projects BV is contracted to handle the technical details and support quality assurance procedures.

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