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@bauman2art

Joined 19 November 2020 · 3 posts

Lead dev sponsors.cash

120 KT

0 KT · 10¢ received · 0 KT · $2.86 given

Posts

b@bauman2art

Rebrand funme.cash into sponsors.cash Hello guys, I had to make the decision to rebrand our project from “fundme.cash” to “sponsors.cash” due to the fact that Keith Patrick had unexpectedly left the project. Despite my numerous pleas Keith had refused to complete his part of the job (listing on exchange, promotions and other staff that was promised in flipstarter campaign) and unexpectedly blocked the website(he controls fundme.cash domain) as well as deleting conversation history in Telegram. Keith controls 25% of FMT tokens and domain name fundme.cash. From my side I love the project because I’ve put hundreds of hours into building it and I’m determined to make it work! Therefore I'm going to place the entire platform on the New “Sponsors.Cash" domain, all of the user accounts and data will be saved. Also new token **SCT** (Sponsors Cash Token) will be created that will be airdropped to all initial investors (holders of FMT) in 1:1 ratio (in July 1, 2021). **FMT** tokens will not be used on “Sponsors.Cash". I am also going to build a new team that would be dedicated to the project to turn it into a global crowdfunding project. I hope for Your support! You can contact me: https://t.me/bauman Our Telegram group: https://t.me/sponsorschat Twitter: https://twitter.com/bauman2art Platform website: https://sponsors.cash/

b@bauman2art

Renting addresses for an HD wallet Problem *How to receive personalized transactions to one  BCH account?* The problem is that it's not clear how to get personalized tx from anonymous users **without creating wallets for each user.** Yes, it’s complex if we have only one receiving address, but since we use BIP44 wallets, we could create a lot of key pairs that will be associated with this account (thanks to derivation paths). Let's say we derive 100 addresses we could use them to get transactions. But what if we potentially want to get more than 100 personalized transactions? In this case, we should assign these addresses in different ways. **Renting addresses solution** To get things done we could think about the probability of some situation during a limited period of time.  I’ll try to explain in case of a fundraising campaign  We noticed that usually, sponsors are not making donations at the same time. Therefore, we could *rent* the receiving address for some period of time to make personalized transactions. **Example**: *Each time a user clicks “Donate” the website returns one address from the unassigned addresses list. After that address was assigned for 5 min. During this time user should make tx and leave his personal data (name and comment)* There is a diagram that explains how it could work: I think if your campaign doesn't receive more than 100 donations during 5 minutes this should work. There is one issue: In this approach is that someone could get a list of all addresses and try to spam them, and it should be avoided by asking for a donation amount from the user. **What if all receiving addresses are busy?** In that case, we could ask the Sponsor to wait 5 minutes or make anonymous donation. This idea is not tested yet so if you found some mistakes please share your thoughts. Thanks!

b@bauman2art

Fundme.cash campaign what's going to be changed ? Hi everyone, fundme.cash just started a flipstarter fundraising campaign that will help change the profit model and integrate new features. https://flipstarter.fundme.cash/ *Why are we removing 5% fees ?* We found that this profit model doesn’t work, because we had several donors express the similar concern: “We don’t want to pay the 5%”.  *What would help fundraisers to achieve campaigns goals?* We found that fundraisers spend a lot of time to create and promote their campaigns, time important especially in emergency situations and campaigns should be started fast (for example disastrous flooding in El Limon-Venezuela) https://fundme.cash/project/5f5a4b75ed547e255f968e9f FMT Token FundMeToken (FMT) is a SLP token with a fixed value 45mil.  This token will help to: distribute platform profits to shareholders remove fees for creating campaigns increase platform growth (by rewards system) Advertising system We are going to integrate a campaign advertisement system. So creators will be able to promote their campaigns on the Fundme.cash website. Advertisement will be based on real-time bidding (OpenRTB) with Bitcoin Cash. Bid represents the amount of Satoshis per view. All bids will be sorted in queues and the biggest bids will be filled first. Profits distributions 100% BCH profits from ads system will be airdrop to all FMT holders each month.  This should motivate investors to hold FMT tokens and users to get FMT from the rewards system. Rewards system We should reward users for their impact in fundme.cash growth, therefore each time someone subscribed by referral link user rewarded with 1 FMT and get opportunity to receive platforms profits Telegram Notifications We will create Telegram Bot that will send notifications to beneficiary each time: ● Campaign donation received ● Campaign fully funded ● Question/comment posted Transparency Currently when a beneficiary creates a campaign we generate and keep the campaign wallet on backend.  But since we going to remove fees in order to make it safer we will remove this and create the campaign wallet on client side (or beneficiary would be able to set its own newly created BCH address ) We are going to open-source all code (after all features ready) so community could inspect it for security purposes.