Many news today.
1. We have our first cashback merchants:
Premiumize: Premium downloads, cloud torrents, and VPN. They also accept payments in Bytes.
NODEshare: masternode as a service. They also accept payments in Bytes and offer merchant match for large orders.
Other partners are at various stages, I'll announce them when launched.
Cashbacks will come from this address
https://explorer.byteball.org/#TU3Q44S6H2WXTGQO6BZAGWFKKJCF7Q3W2. We'll skip the October full moon. We need more time to allow more merchants to join the cashback program and I want a larger share of the remaining undistributed coins to be used for acquiring new users. Larger partners have large teams and need more time to make decisions and integrate. The next distribution (after September 6) will be on the full moon of November (Nov 4, 2017), and the rules are the same as for September: +10% for Byte holders, 0.00625 GB/BTC for Bitcoin holders.
3. My long time partner
Steve Safronov has joined our team and will take care of business development. He was CEO in one of my previous businesses and helped to grow it manyfold and then sell. His current focus will be helping solid real-world non-crypto projects raise funds through ICOs on Byteball platform, there are a number of projects already being prepared since August (still early stages). He will be our 4th team member with committed time, he will be paid from the Community Fund, and I fully trust him to bring new business into Byteball.
Great decisions and good news Tony! As a Byteball holder, I don't need more airdrops as long as that only creates inflation and drops the price further.
In retrospect, it would have been most valuable to sell my Bytes the moment I received them. At each airdrop I got more, but the total value didn't go up anymore. Now I am holding them for sure, no point selling at undervalued price.
If you can manage to use the remaining bytes to spread awareness and increase the number of users, that will be much more valuable for current Byteball holders than just doubling the amount in our own wallets.
Most of current ICOs just use a made-up token with a made-up plan to raise money for nothing quickly. It wouldn't surprise me if most of them disappear again just as fast, after the creators ran with the money of course.
Your idea - using ICOs for real-world non-crypto projects, sounds like
crowd funding to me, which is a growing market. This opens up many possibilities, but I can already see some difficulties: how to decide which project is trusted for instance. Or, say I invest 1 GBYTE worth $400 in a project that funds a restaurant. The restaurant makes a nice profit, and pays back $40 per year (a decent 10%) to investors each year. Now suppose a GBYTE is worth $4000 just 5 years from now, that means investing in this restaurant was a much worse choice than just holding on to my 1 GBYTE.
I do like the idea, and I do think Byteball needs it to grow real-life applications, so I'm very keen to see your implementation.