As some of you may already know, the 1BCH team is fully committed and fully focused on Bitcoin Cash only. We would like to have sufficient resources to develop the following Bitcoin Cash deliverables because we believe it will add tremendous value to the Bitcoin Cash ecosystem. We are looking to raise 500 BCH for these deliverables.
SmartBCH Deliverables
1BCH DEX – This would be similar to UniSwap but on SmartBCH. You can use 1BCH tokens (see below) for staking in the DEX.
Chrome Extension – Instead of having to configure MetaMask, we want the entire user experience to be frictionless. This extension is 100% focused on Bitcoin Cash only. Unlike MetaMask, this extension connects to SmartBCH immediately upon installation and may have other value-added services for BCH users as we grow.
BCH <> SmartBCH Bridge – This is non-custodial and would allow people to move their BCH between BCH Mainnet and SmartBCH easily. It is a free service, which means that there is no fee to use this service because we do not have access to your funds at all. We would be connecting with relevant parties to add liquidity for this bridge so that all BCH folks may benefit from such a bridge. Our engineers had done some research and right now, CoinFLEX has control over the wrapped BCH tokens so the bridge will only be available once technically, it is feasible to be worked on.
SLP Exchange Enhancements - We would like to have the resources to make some enhancements to the SLP exchange codebase to make it more efficient.1BCH aims to be the one-stop shop for the Bitcoin Cash ecosystem.
Decentralized Prediction Markets – Imagine being able to leverage on the wisdom of crowds to predict the outcome of any event using SmartBCH. People can put their money behind their beliefs and if they are right, they get to benefit from it.
1BCH Tokens
There will be a fixed supply of 250 million 1BCH tokens. We will be distributing 10% of the 1BCH tokens to contributors of this Flipstarter campaign in proportion to the contributed amount. Our team will keep 20% of the 1BCH tokens so that our team is well aligned in the success of what we are doing. Our team will have a lockup period of 12 months for our tokens so none of our team members is allowed to sell our tokens during the next 12 months. The remaining 70% of the tokens will be allocated towards community development, marketing, staking rewards, liquidity pool, and partnerships. The 1BCH tokens have a fixed supply and there will be no new tokens minted after this Flipstarter campaign is funded successfully.
When you are contributing to this Flipstarter, please remember to post your SmartBCH wallet address in the comment field for us to send your respective 1BCH tokens to you. The tokens will be sent within 24 hours upon completion of the Flipstarter campaign.
Important
Our Flipstarter page and 1BCH do not, and are not intended to, constitute, or form any part of, an offer for sale, prospectus or invitation to obtain the 1BCH tokens. Before contributing, you are advised to take professional advice. By contributing, you confirm that you are not a citizen or resident of the USA and/or a jurisdiction which prohibits your involvement in cryptocurrency related activities.
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