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Sponsorship in the Bitcoin Cash Ecosystem

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Avatar for GeneralProtocols
Written by   298
1 year ago (Last updated: 1 month ago)

Sponsorship is a win-win-win for the Bitcoin Cash ecosystem. As a counterpart to collaborative project funding, sponsorship supports ongoing work, boosts your investment in the network, and boosts awareness of you as a business or investor. If you are ready to jump in, read.cash makes sponsorship easy for everyone involved.

Bitcoin Cash and the Need to Bootstrap

The network started by Satoshi and continued by Bitcoin Cash is naturally a bootstrap project. There is no precedent for traditional investors to compare to. Volatility is high and attractive to speculators who may be in one moment and out the next. The foundational value comes from people who believe in the game-changing nature of p2p electronic cash, and as Justin Bons put it, Invest in utility. That investment comes in forms such as adoption projects, business investment, collaborative funding, humanitarian projects, infrastructure, marketing, online commerce, open source protocols, products, social capital, and many more. We must add sponsorship to the list.

Sponsorship as a Way to Bootstrap Ongoing Work

For profit works

Like General Protocols, some projects are businesses with sustainability built into their structure. However many projects, even critical ones, are run by volunteers. As much as those volunteers believe in the future of Bitcoin Cash, it is still hard to dedicate a significant part of their time and resources.

One way to invest in the success of those efforts is collaborative funding such as Flipstarter. It aims at larger scale projects with big goals that are difficult for any single investor or business to support. In addition to strengthening the network and their Bitcoin Cash investments, pledgers can earn reputation by supporting the best projects.

Volunteer also works

Sponsorship gives us another investment tool. The simplest mechanism is well known - a project gets support and the sponsor gets awareness, for example through a logo on the project's website and/or code repository. The support can be in the form of money or labor. The arrangement is a good fit for projects that need ongoing support and sponsors that need ongoing awareness.

Sponsorship as a Policy for Bitcoin Cash Businesses

Businesses are the traditional sponsor and they gain a fourth win - reliability of the infrastructure that they depend on. General Protocols has a policy where we consider two main factors:

  • How much we rely on the project

  • How well funded the project is

We then communicate with the projects to find out their needs and objectively split up our budget according to the factors above. Currently, we commit to sponsorship on a monthly basis.

Sic Parvis Magna - Greatness from Small Beginnings

General Protocols has a strong commitment to scale our sponsorships as revenue grows but for now it is a token amount. We believe that the important thing at this point is for the ecosystem to make a commitment and take action to bootstrap us to the next step. We expect both established and new, investors and businesses alike to get involved.

Thank you to these projects that have put in the effort to setup a sponsorship arrangement with General Protocols. In addition to being high utility projects, they are helping to get the ball rolling on sponsorship in the Bitcoin Cash ecosystem:

Thank you also to Coin Dance's sponsorship system for the inspiration.


Are you an investor or a business in Bitcoin Cash? Please identify the projects that you think are most critical and find a way to sponsor them.

Are you a project in Bitcoin Cash? Please consider the benefits of making yourself available to sponsorship by investors and businesses.

Not sure where to start? Read.cash makes it easy for everyone.

General Protocols Blog

This article forms part of the General Protocols Blog, a collection of cross-platform links showcasing our team's community activity, Bitcoin Cash projects, UTXO development, and general crypto musings.

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Avatar for GeneralProtocols
Written by   298
1 year ago (Last updated: 1 month ago)
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Comments

عام بروتوكولات لديها التزام قوي لتوسيع نطاق الرعاية لدينا كما تنمو الإيرادات جذع الآن هو مبلغا رمزيا. نحن السنجاب أن المهم في هذه المرحلة هو النظام البيئي لجعل واو لطيف النقد الجيد! على أي حال ، نعلم جميعًا ، تبدأ جميع العملات الرقمية بسعر أقل ، ويعتمد ذلك على كيفية نمو السوق جنبًا إلى جنب مع الأسهم الأخرى. لذا حظًا سعيدًا لمجتمعات البيتكوين النقدية

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11 months ago

Thank you to these projects that have put in the effort to setup a sponsorship arrangement with General Protocols. In addition to being high utility projects, they are helping to get the ball rolling on sponsorship in the Bitcoin Cash ecosystem: this kind of article good idea keep up the good job.

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1 year ago

Just speak with your heart...💓 Keep going no matter what bad they say👍👍

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1 year ago

Thank you so much for sharing this. :)

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1 year ago

Thankyou for this information

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1 year ago

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1 year ago

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1 year ago

Wow

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1 year ago

Thanks for the information

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1 year ago

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1 year ago

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1 year ago

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1 year ago

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1 year ago

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1 year ago

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1 year ago

I love the key poimts presented...keep.it up, write more like this..

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1 year ago

good article

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1 year ago

amaxing this kind of article good idea keep up the good job.

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1 year ago

wow nice article

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1 year ago

this is a very informative,detailed article.

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1 year ago

DDGT - 3A/G2

"KRISIS"

Mga bansang pilit bumabangon, lumalaban, at ang tanging hiling ay ang mapagtagumpayan ang nararanasang unos At ang nagsisilbing inspirasyon upang ang pananalig ay di maupos.

Ang bayanihan ay hindi mamatay tahimik ang paligid ngunit ang pagtutulungan ay buhay Ang mga kamay ay bukas upang tumulong manalig lamang tayo sa kanya at tayo ay muling susulong

Krisis na nagpamulat sa bawat isa na ang bawat segundo sa buhay ay mahalaga Ating mga mahal sa buhay ay pahalagahan pati na rin ang ating kalikasan

Modernong mga bayani na sa ulan ng problema ay patuloy na nagsisilbi Frontliners na hindi inaalintana ang puyat, hirap at pagod nararapat na magpasalamat tayo sa kanila ng lugod

Mga lider na umaksyon at humanap ng konkretong solusyon upang tulungan ang mga mamayang umahon Tila tayo'y nakagapos sa tanikala, wari mo'y laging kinakapos sa oras ngayo'y nagkaroon ng pagkakataong mayakap ang pamilya at makalaya sa posas

Ang ingay ng pagtutulungan ay naghahari sa ating paligid nagpapakita na sa mundong ito tayong lahat ay magkakapatid Huwag sumuko, dahil sama-sama tulong-tulong malalapagsan natin ito

Ang krisis na ito ay matatapos ngunit ang pagiging bayani ng bawat isa ay habang buhay sa ating hahaplos Saludo sa mga taong handang magkusa Na kahit sa panahon ng pagluluksa at dusa ay mayroong PAG-ASA

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1 year ago

Good ctiticism! Anyway,we all know,all digital currency begins at a lower price,it depends on the market how it grows along with other stocks. So goodluck to bitcoincash communities as well as the other digital money today.

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1 year ago

Hope this project will push through successfully.

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1 year ago

Wow nice Good ctiticism! Anyway,we all know,all digital currency begins at a lower price,it depends on the market how it grows along with other stocks. So goodluck to bitcoincash communities

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1 year ago

Really impressive 👌👏 Thanks for the enlightenment Never knew of this before Looking forward to sponsoring someone or having being sponsored 😊😊

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1 year ago

Thanks for this nice artical.I get much helo from this artical.Now I will read all of your articale.

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1 year ago

Nice

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1 year ago

Wow

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1 year ago

Nice..

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1 year ago

Nice

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1 year ago

good

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1 year ago

bagus menarik

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1 year ago

Very nice and interesting article ....can inspire.

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1 year ago

Nice Crypto super amazing article I'm inspire your work super amazing keep it up

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1 year ago

So nice of your article project I wish I could get a sponsorship as well if he doesn't give me a chance

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1 year ago

Nice Crypto amazing article keep it up

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1 year ago

Awesome! So, how much would be the minimum investment for this one? Or would there be any requirements needed?

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1 year ago

A promising feature

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1 year ago

Nice

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1 year ago

Nice

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1 year ago

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https://read.cash/@BCHouseVE/bitcoin-cash-house-seeks-sponsorship-for-the-work-of-the-year-2020-e49d1c6f

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1 year ago

goodmorning .. it was an informative article.. ihope that one day i earn points from an unknown person..looking forward for that to happen hehehe... i also want you guys to look in my articles..thank you..have a blessed day ahead.

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1 year ago

Nice description of sponsorship.thank you.

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1 year ago

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1 year ago

i love trading

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1 year ago