Wednesday, March 30, 2022

Crowdfunding Priorities? | Development / Exchanges / Marketing / etc

Hey everyone!

So as many as you may know we have a community crowdfunding system at https://ccs.vertcoin.io/ that anyone can submit their ideas to and if enough support is gathered from the community, can request funds for.

Successful projects

So far there have been 3 successful projects crowdfunded, from the #VTCember giveaway to code signing certificates and Apple Developer Program membership.

https://i.imgur.com/S4R9Oq5.png

It's really amazing what the community can do when we work together! Seriously, thanks because you guys rock!

Development projects

Currently we have a couple of development projects that haven't been fully funded yet!

The main one (in my opinion at least) is the one for the update of the Core software! Development certainly isn't cheap, but even when the project was initially put up on CCS, it was lower than what other devs would charge.

Even though the price of Vertcoin has gone down, the funding goal remains the same at 10,000 VTC. I don't know if there are any intents to adjust this goal at this time but I really think we should work together to fund it so we can enjoy the latest update! The developer behind it has also been hard at work in updating Electrum, and optimising the build process of Vertcoin Core. LETS FUND THIS!

Merge in upstream Bitcoin v22.0 to Vertcoin-Core
https://ccs.vertcoin.io/proposals/merge-upstream-v22.html

There's also a CCS proposal for a Vertcoin Mobile Wallet which I think could be pretty awesome:

https://ccs.vertcoin.io/proposals/mobile-wallet.html

Exchanges?? Thoughts wanted

Okay, so while this isn't talked about a lot here, some folks in the Telegram group (https://t.me/VertcoinCrypto) do bring it up every now and then. Now more exchanges would be great but sadly most of them charge quite high fees. I've talked to some exchanges and some listing partners and here are some rough ideas (might be a bit outdated):

XT - $10k
Coinstore - $20k
Digifinex - $35k
Mexc - $80k
LBank - $45k
Bitmart - $50k
Bibox - $30k
Hotbit - $30k
Probit - $30k

What do y'all think about this? Exchange fees are quite high and personally I think we should focus on development goals before we focus on exchanges but some others feel the opposite.

Should we focus on this? If so, are there any exchanges we should focus on being listed on (large ones will be difficult)? Should we have a general exchange fund (I believe we used to but it ultimately went unused and was diverted to development).

Marketing projects

There are a couple marketing projects currently on the CCS.

There's the Vertcoin History Book project

I’ve embarked to write about blockchain-based projects which have been active for at least 8 years. As things stand, three books are nearly complete (or about to be released). They are Groestlcoin, Syscoin and DigiByte. The Vertcoin blockchain launched on 10th January 2014.

I propose to research Vertcoin historical events/milestones from 2014-2021 by collating information from different sources. Bitcointalk will be researched to gain VTC history for the period 2014-2017 and I will investigate other official VTC social media accounts, blogs, articles etc for subsequent material.

...

https://ccs.vertcoin.io/proposals/vertcoin-book-initial-funding.html

There is also another marketing project in its initial stages about a bounty system with small tips to reward the members that contribute to the community and its growth.

What the VTC community has not done so far, but is a nice reward system seen in other crypto projects, are small tips paid for the growth of the community, with these tips, people get small rewards for small tasks they do and contribute to the growth of the community with the principle of unity is strength.

Share your thoughts here, or on the GitHub:

https://github.com/vertiond/ccs-proposals/pull/23

Summary

Great job so far with the community effort! We still need to fund some VTC development :) There's some pretty neat marketing ideas in the CCS you may want to take a look at! And... looking for your thoughts on exchanges :) Thanks!

If you have any ideas, feel free to comment below, or in the Vertcoin Team discord: https://team.vertcoin.io/ or in the CCS if your idea is a bit more fully fledged. (Feel free to ask me for help if you need help with using Git(Hub)!)


No comments:

Post a Comment