Jul 23, 2020
2020 Q2 Recap & Transparency Report
Here is the Q2 recap and transparency report.
Q2 Recap
New Exchanges
BitCash was listed on TradeOrgre Exchange in May of 2020: https://tradeogre.com/exchange/BTC-BITC
Also, in late April we were listed on FINEXBOX exchange: https://www.finexbox.com/market/pair/BITC-BTC.html
New Additions
During Q2 we added a few community developers to work on some side projects while Christian focused on chain development. !Ratstang, the lead developer from Cryptocurrency Checkout, did some work for us. !Ratstang has spent 8 years working in E-Commerce. and got into crypto back in 2016. He began helping with a few projects, which led to him being the assistant wallet developer, assisting mostly with aesthetics and the visual side of things for QT wallets.
We also received some assistance from William Kibbler. Will brings a lot of experience as he has worked with a few different blockchain projects and has created some cool applications, including:
https://play.google.com/store/apps/details?id=com.mmocoinwallet
https://play.google.com/store/apps/details?id=com.plusbit
Lastly, we added JiuCrypto as a BitCash Ambassador. JiuCrypto is a longtime supporter of BitCash and has established himself as one of the more knowledgeable people in crypto Twitter. He has built a tremendous following on social media and I would strongly encourage you to give him a follow HERE. He is helping to bring awareness to the BitCash project and has done a great job so far. Check out his first write up HERE
Development
With a fluctuating supply model, bringing transparency to the BitCash community is extremely important. We wanted to create an easy to use and easy to understand dashboard that showed information for all things BitCash. With the assistance of William Kibbler, we created the BitCash Dashboard.
The purpose of the dashboard is to bring users all of the important information surrounding the BitCash chain to one location. You can find real time charts of BitCash, BitCash Dollar, and BitCash Gold, hashrate distribution, some trading information, and supply information. Read more HERE.
As BitCash continues to strive for mass adoption and ease of use, we also added another feature that should allow anyone to monetize their websites, blogs, charities, etc. This button is easy to set up and even easier to integrate into any website to allow users to easily earn BitCash, via tips or payment. A special thanks to community dev Ratstang and our partner CryptocurrenyCheckout for their assistance in building the BitCash Button. Learn how to integrate the BitCash Button HERE.
Lastly, with the assistance of BSOD.PW mining to gold@ or dollar@ BitCash addresses, as well as nicknames was enabled. This proved to be a unique feature as many miners beginning using this format, however the volume in gold and dollar transactions created issues for our blockchain. We were forced to hard fork to rectify a bug found in our BitCash Stable protocol. The stable protocol should be back up and running in early Q3.
Media Appearances
In late June, CoachCryptos appeared on Back2Backwards podcast with Mr. Backwards.
Social Media Report
2020 Q2 Transparency Report
In our initial BitCash Transparency Report we mentioned that we wanted to inform our community about how the BitCash funds have been allocated during the previous quarter. As a reminder, BitCash did not hold an ICO or raise any money.
As of right we have been operating solely from our founder’s own funding and the block fee.
Financial Transparency
Here is the BitCash block reward address:
http://explorer.choosebitcash.com/address/b2ToNA3DtNRCRhUstcjiijoTPoji8K7zuPKyHBaZTxeSe8Ubjexo
We receive 10% of the mined coins and use it for marketing, development purposes, and PeerQ.
— — — — — — — — — — — — — — — — -
He is the premine. It is split into 3 parts for the 3 core team members:
3121332.9999 coins are here:
b2VRpDwkCapoJi8e91tZSMHTVJMT7edPFAHY5grFsCnUPG314tEc
3112757.345356700 coins are here:
LEWJDpQVXLMKBWnmCAzu84TmsNwQfJMLAUUEArJYh3xem8wuZ7Nf
3174332.99998052 coins are here:
b2UCa9ghEzXAoM8Miu9Ld1VJJZVUJK48Q5aWDz2pLBvqm19tZ3o1
Below is an itemized list of spending during 2020 Q2.
Over-The-Counter Exchange For Bitcoin
● 100,000 BITC -> .08 Bitcoin
FinexBox Exchange
● Listing Fee: .05 BITC
Development
● BitCash Button: .052 BTC
● Dashbord: .1 BTC
Marketing
● Social Media Marketing: 11,000 BITC
● Mr. Backwards Podcast: 25,000 BITC
● Monthly Payments to our hard-working Volunteers
2020 Q3 Roadmap
Our goal this quarter is 100% focused on the updated PeerQ platform. Root has made tremendous progress and we have SMM, SEO, and other marketing ideas prepared for it’s launch. The grunt work is done, we must get the BitCash Stable protocol back operational and we will be prepared to launch.
BitCash Official Links:
Website — https://www.choosebitcash.com/ and https://www.peerq.com/
Discord — https://discordapp.com/invite/7P4YcXU
Twitter — https://twitter.com/ChooseBitCash
Bitcointalk ANN — https://bitcointalk.org/index.php?topic=5106123.0
Telegram — https://t.me/chooseBitCash
