BitBay’s P2M Giveaway
October 10th 2015
We at BitBay are excited to announce a new marketing campaign. We are going to host a Pay to Mail or (P2M) giveaway! Bounties will be given for registered participants!
P2M is a relatively new feature of BitBay’s Market Client. This feature allows you to send Bay (BitBay coins) to friends, family, merchants, etc. Whether you simply want to tip a friend or utilize it as a payment option with a trusted counterparty, P2M is a great feature that’s fast, secure (backed by bitmessage technology), and has no fees included other than the typical blockchain miner fees - which are fractions of a penny.
Many people in the crypto-community find and invest in currencies with real and unique applications,but find themselves wondering how they can help promote adoption to support the developers and build a stronger community. This P2M giveaway creates a perfect marketing tool that anyone can use to help out!
Remember, BitBay will eventually peg its value to create stability for the Client’s Marketplace. The peg value is yet to be determined, but imagine if you participated in this giveaway and completed just one P2M - you will receive 1,500 coins. If we peg the price to 1 cent (0.01 USD), your Bay would be worth 15 dollars plus change (if you stake the whole time)! That’s a nice ROI (return on investment) as it’s free! This is our first giveaway contest for the Client. More giveaways to come in the future - see end of article for details!
To Participate:Anyone can enter this P2M campaign, yet currently the Market Client is only compatible with Windows. Mac and Linux will be added soon. You must register to be eligible to receive bounties. Registration begins October 10th and must be received before the end of October 16th, UTC time. Bounties will be provided for registered participants! The P2M campaign will run from the beginning of October 17th UTC time till the end of October 23rd UTC time.
For new users you must install the Market Client in order to participate:
- Download and install the core Market Client version 1.21 Links are provided in our BCT OP, the bitbay.market website, or our old site - bitbaymarket.net
- Now setup your Market Client. Refer to our Get Started guide for help or just follow the setup wizard built into the client.
- The Client must sync 100% before it will allow you to utilize P2M. Synchronization usually takes around 5 - 8 hours. We’ve created a bootstrap to speed up the process. It generally cuts the sync time in half. Instructions to install bootstrap.
- Currently the BitBay Market Client is compatible with only these email providers: Gmail, Hotmail, Outlook, AOL, and Mail.com. Others will be added in the future. Gmail users sometimes experience an issue with the client synchronizing to your address. To fix this check out our guide in our website forum.
- With the help of the Get Started guide your email should now be synchronized with the Market Client. You are now ready to send P2M’s to anybody as long as their address is in our supported email provider list mentioned above.
To register: - Send a P2M with 1 Bay(coin) to our campaign email address
[email protected].
- If you are new to the Client to send a P2M, you simply enter the receiver’s email address in the “Send BitBay” Tab, “Pay to:” entry field.
- Once we receive your P2M we will record your email address and return your 1 Bay. This is your confirmation that you are registered.
- Each registered participant will be allowed a maximum of 10 P2M’s that we will honor with bounties.
- Begin by sending 500 Bay to people you think might be interested in BitBay’s decentralized marketplace. P2M allows you to either send a default message and image or a custom message and image. For the sake of the campaign we require that you create a ‘custom message’ with the ‘default image’ to your friends.
- Your custom message should read:
"If you download and install the BitBay Market Client, 500 Bay will automatically load into your wallet. Goto bitbay.market for Market Client download link (not the QT wallet). You are also eligible for an additional 1000 Bay. Simply forward the P2M message you received in your email account to
[email protected]. Then send a P2M with 1 Bay to
[email protected]. Your P2M must be a custom message stating that you received the Bay from [sender’s email address] to be awarded the 1000 Bay."
- Once we receive the P2M from your contact, you will be refunded your 500 Bay + awarded 1500 Bay.
A few things to remember: - The Market Client is currently only supported by Windows, so remember to only send emails to friends with access to Windows OS. Mac and Linux versions will be included soon.
- If they don't download and sync the client, they will not be able to receive the Bay. If so, the Bay are automatically refunded to your wallet after 10 days.
- If they receive the 500 Bay, but don't send 1 Bay to
[email protected], we have no way of knowing about it, and will therefore not be able to refund you your 500 Bay. We believe that if someone takes the time to install the Market Client for 500 Bay, they will also claim the 1000 Bay.
- Any attempt to play the system by sending to yourself or sending multiple times to the same person will result in no bounties or refunds.
- The emails are received almost instantly, but it takes longer for the Bay to arrive in the client. 20 minutes is quite normal. During testing we have experienced a few delay issues with bitmessage (to be fixed later). We therefore recommend to have your client running as much as possible during the campaign.
This P2M giveaway contest is the first big push of our community’s marketing campaign. It’s a community effort that anyone can join to help us spread the word on the potential behind this truly decentralized marketplace - no more middlemen! As David continues to update the Client with the final template releases, we plan on creating an OP in every language available on BCT. Bounties will be negotiated for that. If the turnout is higher than expected for this P2M giveaway, we will announce more in the future and could potentially change the rules. For example, a P2M giveaway where bounties are given to users who confirm P2M’s to eBay and etsy members! The sooner these merchants and buyers see the potential to save money, the faster we can spread our adoption worldwide!
Don’t forget we also have a built-in faucet inside the marketplace, which as far as we know is the first of its kind for a wallet to allow. It’s limited to 1000 Bay per user. So hurry before it’s depleted as any new faucets in the future will be determined by the price of BitBay. To receive your faucet today, you simply have to join the BitBay Faucet market in your client). The faucet allows you to learn the simple process for completing your first BitBay market contract from start to finish.
So keep your eyes on BitBay. Our community is mainly active on Slack. Feel free to PM David or Munti on BCT for an invite to join our team on Slack. Enjoy the giveaway!