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:

Title Worker Price Duration
OpenSource BitShares Mobile SDK (android/ios) 201811-mobile-sdk up to 100,000 €/bitEUR
(budget)
12 months
Hashed Time-Locked Contract 201810-bsip44
(bsip)
Market fee sharing 201810-bsip43
(bsip)
BitShares.org - Website Development, Content/Domain Management, Hosting 201810-bitshares-org 85180 USD
(escrow)
13 months (1 month buffer)
SteemFest³ Sponsorship by Bitshares 201809-steemfest 10,000 EUR (=12,000 USD)
(escrow)
14 weeks
BitShares Community Wallet (Part 1/2) 201808-trusty-community-ui-p1 155000 USD
(escrow)
3 months
Project: Flash - Global Infrastructure for BitShares by APAsia.tech 201808-flash-global-infrastructure up to 25500 USD
(budget)
6 months
BSIP 40-1: Custom Active Authorities (Milestone 1) 201808-bsip40-milestone-1
(bsip)
BSIP 40-1: Custom Active Authorities (Milestone 1) 201808-bsip40-milestone-1
(bsip)
BitShares UI Team 201808-bitshares-ui up to 290,000$
(budget)
8 months
Renewal 1: Deploy and maintain independent BitShares infrastructure 201807-infrastructure 32,860 USD
(budget)
7 months
Hack the DEX - a BitShares Bug Bounty Program 201807-hackthedex up to $250,000 bitUSD
(budget)
6 months
Update BitShares' General Public Presentation 201804-general-presentation $45,000
(budget)
6 months
BitFest - The BitShares Conference 201804-bitfest 20,000 EUR (=$25,000)
(budget)
6 months
Add target collateral ratio option to short positions 201803-bsip38
(bsip)
BitShares-Core Development Team 201803-bitshares-core $711,774
(budget)
10 months
Legal Council about BTS and No-action 201802-legal-bts $350,000
(budget)
6 months
Revision of Whitepapers and Improvements of Technical Documentation 201802-documentation $80,000
(budget)
12 months
Translations into (Simplified) Chinese 201801-budget-chinese-translations $6,000
(budget)
6 months
ROSSUL - Bitshares Exchange UX/UI Redesign Project 2018-09-rossul-ui 265,828 bitUSD
(escrow)
5 months + 1 month buffer
BitShares UI Team 2018-02-bitsharesui $210,000
(budget)
6 months
Deploy and maintain independent BitShares infrastructure 201712-infrastructure $19,000
(budget)
6 months
Publicly Approved BitShares Spokesperson 201710-spokesperson $50,000
(escrow)
15 months
Regulatory Compliance and Exchange Relations 201710-compliance 50,000$
(escrow)
15 months

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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