Blockchain Ventures is an experimental blockchain project aiming for self-sustained growth and development.
Blockchain Ventures OperationsBlockchain Ventures will acquire stakes in other blockchains or blockchain related projects that it views to be either undervalued or showing great potential. Blockchain Ventures will attempt to minimize exposure to failure through proper assessment and diversification.
For initial launch purposes, Blockchain Ventures has acquired stakes in the following blockchains or blockchain related projects.
-
Funds are kept on exchange for now unless wallet address is provided.
Value will be determined by most liquid exchange and average between bid and ask.
Operations will scale up over time and new ventures will be pursued.
Funds used for operations will go back towards operations.
Normal operation structure25% of profits put into Blockchain Venture’s Development Fund (XBVDF).
35% of profits put towards the value of XBV: 25% put towards buying back XBV which will then be burned,
10% put towards XBV stabilization fund (XBVSF).
30% of profits going back into XBV operations
10% of profits going to XBV Team
Blockchain Ventures Stabilization Fund (XBVSF)BTC Address -
A fund to provide liquidity and stability in value for Blockchain Ventures.
60% on exchange at minimum target (
MinT) for liquidity
40% off exchange, available for anyone who wants to exchange their XBV at market value
(XBV exchanged this way will be burned)
MinT will be determined based on the status of Blockchain Venture and ongoing operations.
MinT = ___ BTC/XBV
Burn Address -
xe2EibataUsN8Vop3nV7JhHUWTRgjsstjs 0 XBV BurnedThe burn address for which the XBV to be burned will be sent to is xe2EibataUsN8Vop3nV7JhHUWTRgjsstjs.
This address is a p2sh address with a redeemscript of
which is an unspendable script because 2 does not equal 3 and thus will always fail.
In hex this is
Anyone can verify this with the command
in the command console.
XBV’s START position was acquired for 0.0001 BTC/START.
START rises to 0.0002 BTC and the position is fully liquidated.
10,000 START acquired at 0.0001 BTC/START = 1 BTC.
10,000 START liquidated at 0.0002 BTC/START = 2 BTC.
1 BTC + 1 BTC in profits = 2 BTC.
- 1 BTC goes back to operations for Blockchain Ventures
- 0.25 BTC goes to XBVDF
- 0.25 BTC goes to buying XBV and burning
- 0.1 BTC goes to XBVSF
- 0.3 BTC goes back into XBV Operations
- 0.1 BTC goes to XBV Team
Blockchain Ventures DevelopmentBTC Address -
A fund for the sustained and ongoing development of technical features for XBV.
By analyzing the technical developments of other cryptocurrencies, Blockchain Ventures will pick and choose features that are best suited for the long-term success of XBV, making full use of the second mover advantage.
Input from XBV community will be taken into account so please discuss or suggest what features you need/like in a cryptocurrency.
Funding for all development will come from the Blockchain Ventures Development Fund (XBVDF).
Developers will be brought on or contracted to provide addition of technical features for XBV.
For launch purposes a developer was contracted to create a simple functional PoS cryptocurrency for Blockchain Ventures (V.1).
There are plans to migrate or swap to an improved blockchain (V.2) in the near future once operations are established and running smoothly.
Technical features for possible implementation in V.2- Deposit function for blockchain that enables up to 5 – 10% PoS per annum depending on how long deposit is (Ref. XDN, HODL)
- API integration into wallet to allow for live updates and monitoring of Blockchain Ventures
- 0.1% Transaction fee and burning to counteract inflation while incentivizing staking and holding
- Proposal and voting functionality
Donation ProcessOperations will be in process during the donation period which will last for two weeks:
10:00:00PM April 11 – 10:00:00PM TBD (Western Standard Time).
Voluntary donations will be accepted from anyone who wishes to assist with operations and the continued development of XBV.
Blockchain Ventures is already funded project so an ICO is not required.
5% (50,000 XBV) will be set aside for developmental and promotional purposes.
- 30,000 for use during first year
- 10,000 for use in 2017
- 10,000 for use in 2018
The remaining 95% (950,000 XBV + XBV staked) will be split by all donations at the end of the donation period.
Initial funding from Blockchain Venture’s operations will be counted towards donations.
Total Donations = _ + _ = _ BTC
≈ _ XBV/BTC (as of April _, 2016) Donations will be used for the following purposes
- 70% to Blockchain Ventures operations
- 20% to XBVSF
- 10% to XBVDF
During the donation period profits from Blockchain Venture’s operations will also follow this structure
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
I will be escrowing the donations for Blockchain Ventures.
All donations can be sent to 1EiFjM1yZwgpL2TfcuGax2eTUc9QwwF5pf.
After the donation period is finished, I will distribute 950000 XBV + staked XBV to the donators. Each donator will receive an amount of XBV that is proportional to the amount that he donated.
When you donate, please PM me the transaction id of your donation, your XBV address, and your name.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2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=kSbT
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Example of distribution after donation period endsOperation funding = 6 BTC
Donations received = 4.5 BTC
If profits from operations at end of donation period = 2 BTC
- 60% goes to operation funding (1.2 BTC)
- 20% goes to XBVSF (0.4 BTC)
- 20% goes to XBVDF (0.4 BTC)
Total operation funding on April 23, 2016 = 6 + 1.2 = 7.2 BTC.
At the end of donation period ≈ 950,000 XBV will be split between 7.2 + 4.5 BTC (≈ 81,200 XBV/BTC).
Bounties will be available for the following:
- Mac Wallet
- Multipool
In return you can choose to receive XBV or the equivalent value in Bitcoin.
If you plan on selling the XBV bounty right away, please opt to receive the equivalent value in Bitcoin.
When posting, please try to provide useful content.
Discussion and questions are encouraged but posts that are attacking, insulting, unnecessarily negative, and unfounded (FUD) will be moderated.
The primary purpose of this thread is for the transparent documentation of operations, activities, and growth of Blockchain Ventures.
