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0xBTC Community Update
0xBTC Community Update #1
This is the first of an intended series of recurring community updates. Our goal is to issue these biweekly, for now, and possibly more or less frequently as news may dictate. The past month has been one of blistering growth for 0xBitcoin (0xBTC) and there are many exciting things in the pipeline! We have seen a dramatic increase in awareness and adoption and our community is growing rapidly. As many of you know, 0xBTC is the first proof of work currency on the ethereum network. There was no ICO, no pre-mine and everyone who owns this coin either earned it through mining or purchased it from another community member. The group drafting this letter has no extra control or power over the token — we are just active community members who want to see 0xBTC succeed. Overview of Our Recent Growth. The table below provides an overview of several growth statistics regarding 0xBTC. 0xBTC GROWTH STATISTICS May 15th to June 15th Unique Wallet Addresses - 3,099 to 4,120 (+38%) Reddit Subscribers - +/- 600 to 913 (+52%) Discord Subscribers -1,373 to 2,475 (+80%) Hashrate 1.14 TH/s to 4.02 Th/s (+252%) CoinMarketCap. We were recently listed on CoinMarketCap, adding additional exposure. It took a few weeks to get the market cap and circulating supply updated given that this is the first mineable ERC 20 token. It is still unclear if the circulating supply they have on record is dynamic and changes with new supply numbers or if they put in a static placeholder. Thanks to the efforts of some community members we were able to get that mostly sorted out and now have a full listing. Additional Exchanges. Exchanges are starting to take notice of 0xBTC as reflected by new listings on Mercatox, IDex, and PayFair. Community members have submitted applications for many other exchanges, with the Discord channel being a good place to keep up to date on developments. Many members have pointed out likely “wash trading” on the Hotbit exchange, leading to its removal from our price and volume bot on the Discord. A community member also informed Coinmarketcap and LiveCoinWatch about our suspicions. LiveCoinWatch has removed Hotbit as per their request. We will continue to monitor for unusually high volume and, as a community, hopefully condemn such practices and distance ourselves from unscrupulous organizations. Lava Wallet. 0xBTC’s developer, Infernal_Toast, recently completed and released the early stages of the Lava Wallet. The Lava Wallet allows the easy transfer of an ERC20 token between users. Using off-chain digital signatures and a network of relayers, users can send any ERC20 token without worrying about holding Ether for gas. Our hope is that 0xBTC will find more application use and personal use as a currency if it is easy to transfer as a standalone token. What is Next for 0xBTC? Lots of things in the Works! Formal Security Audit of Smart Contract. While the 0xBTC code has been subject to a strict peer review, one initiative is to have a formal 3rd party audit review of the contract code. We believe this might be an important step towards mass adoption and growth, since a currency is unfeasible for use if there remains even a shred of doubt about its functionality. We are looking for low-cost solutions to this, as our community fund pool is limited at this time. The Discord is the best place for community members to give suggestions and work together on securing a fair price for a service from a reputable firm. Legal Determination that 0xBTC is not a Security. The SEC is giving us more and more guidance each day as to what types of cryptocurrencies may or may not constitute a security. Based on available guidance, many of us believe if analyzed by legal counsel, 0xBTC would not be considered a security [*this is not a legal opinion]. This is important for adoption, since securities are more highly regulated than commodities. There is a community initiative to seek a memorandum / written opinion letter from a United States securities lawyer stating that 0xBTC is not a security. Many of the larger exchanges require this kind of legal analysis — including Binance. This is one reason we were not part of the most recent “Binance Community Coin 7 Vote.” Marketing Campaign — We would like to raise funds to engage in a marketing campaign to spread awareness of 0xBTC. The full details of this have not yet been determined, but we hope that community involvement will lead us to a good decision on where our community funding should go. Games and Competitions. Some users are looking at setting up various DAPPS/games/competitions all involving 0xBTC. Some of these might involve gambling, such as sports betting platforms. Please keep in mind that some projects built by community members will not have undergone audits for security. Also, while the vast majority of community made projects are for the benefit and/or recreation of the community, please be wary of scams targeting our community. As 0xBTC increases in adoption and reach, our community will increasingly become a target for such activities. Have fun and play responsibly. 0xBTC Foundation. We are looking into forming a 501(c)(6) non-profit entity (the “Foundation”) which will serve to promote 0xBTC through spreading awareness and advancing the short and long term initiatives. There will be an initial, provisional board of directors (or equivalent structure) established to set up the foundation and start working on the goals. Once established, anyone can seek to join the board and we plan to figure out an election method. Note that the initial board members don’t get paid or have any power in excess of any one token holder. The 0xBTC foundation will seek donations to fund some of the initiatives above. We are looking into creating a smart contract of some kind so that if anyone were to donate, they can be certain their funds go to the intended uses. As of now there is a small reserve fund of 19,125.16 0xBTC to be used for community efforts. Let’s make it grow! Remember — Imitation is the sincerest form of Flattery Given the success of 0xBTC, we have seen the rise of 0xBCH, 0xLTC, 0xDoge and other “0x coins”. The fact that groups are “copying” and imitating 0xBTC is truly flattering and we want to thank all the other 0xBTC coins for their vote of confidence. We wish them all the best. With developments in merge miningthere is even the possibility of having other mineable tokens tie their mining to the mining of 0xBTC, furthering increasing adoption of the token and beginning to define 0xBTC as the standard for store of value on the Ethereum network. Important Links Official Website White Paper Medium Post Explaining the Why and How of 0xBitcoin Reddit Thread with the Latest Miner Links for nVidia/AMD/CPUs 0xBitcoin’s CoinMarketCap Page Discord Server Ethereum EIP 918 — A Specification For A Standardized Mineable Token YouTube Video Explaining 0xBitcoin 0xBitcoin Github 0xBitcoin Block ExplorerOverview For The Lava Network Public ETH/ERC20/0xBTC Donation Address Conclusion. It is so amazing to be involved in the infancy of this cool project and extremely novel idea. Can’t wait to see what is next! I am sure our community will have new surprises soon. Contributors to this DocumentThis document was drafted by several involved community members and in no way do any of the individuals below have any authority, control or governance with regards to 0xBTC. This is a 100\% community driven effort. Key Contributors: Crypturk, Bee Herder, JeffreyBlockWolf, Userbrn, Mikers, Blazehuntley If anyone would like to become more involved and help with the next community update or with any other initiative, please do so — anyone can get involved! Remember, this coin is all about the community!
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FOR PLAYERS: Our technology can act as a bridge between the old world and the new. The player can continue to play at his favourite table once he leaves the casino. The local casino simply has to install a ‘LiveNode’ and they can stream the table to the player for continued play and revenue. Ultimately the land-based casinos will evolve into crypto-based resorts using blockchain technology, but we see this as a circa 10 year transition and during this transition period we will facilitate the connection between the old world and the new. This synchronistic programme will allow us to grow the player base rapidly as the casinos transit toward the virtual gaming world – something already occurring. Adopting our technology will assist in the attracting of players from both the crypto world and the conventional casino player. OUR PLATFORM PROVIDES • Comprehensive back office. • Branding Engine. • Odds & risk Management – especially valuable for Sports Book elements. • 100% Blockchain hosting and powered - no need for server infrastructure. REAL CASINO’S BLOCKCHAIN GAMES ARE LIVE! REAL CASINO’S BLOCKCHAIN GAMES ARE LIVE! TEAM An international team with extensive R&D experience and a proven track-record managing a high-tech, global businesses. David Wainwright FOUNDER & CEO Stevie Kennedy CPO Andrew Dermugin CHIEF ARCHITECT Danjel Bugeja HEAD PRODUCTION Betania Sanchez HR MANAGER Steve Thornton COMPLIANCE ADVISER Pavol Bujna DEVELOPE IT MANAGER Alex Yurevich DEVELOPER Vladimir Terekhov DEVELOPER Graham Stone CONTENT MANAGER Sara Bouallou SENIOR PRODUCER Sandeep Nailwal DEVELOPER ROADMAP ROADMAP January, 2015 Project started as www.satoshiplay.com - Bitcoin Casino. June, 2015 Established Development office in Kyrgystan. January, 2016 Launched RealCasino. 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