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Sponsorship in the Bitcoin Cash Ecosystem

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Written by   322
2 years ago (Last updated: 11 months 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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Written by   322
2 years ago (Last updated: 11 months ago)
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Comments

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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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2 years ago

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2 years ago

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2 years ago

Wow

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2 years ago

Nice..

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2 years ago

Nice

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2 years ago

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2 years ago

bagus menarik

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2 years ago

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

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2 years 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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2 years ago

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2 years ago

Nice Crypto amazing article keep it up

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2 years ago

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

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2 years ago

A promising feature

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

Nice description of sponsorship.thank you.

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2 years ago

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2 years 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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2 years ago

Hope this project will push through successfully.

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2 years ago

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2 years 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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2 years ago

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

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years 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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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

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2 years ago

DDGT - 3A/G2

"KRISIS"

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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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2 years ago

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2 years ago