To simplify this for everyone,
This proposal is to create a working relationship and partnership between BitcoinZ and SafeCoin which includes Safe.trade an exchange which is currently in beta and is launched by the Safe.Coin team.
Below ideas of how and what can be achieved given the challenges, problems and hurdles we as a community face by having a lack of partnerships.
Below is only one iteration and suggestion of what the partnership can be scoped out to be, However, in the interest of establishing a great working partnership + relationship between the two communities and coins,
This proposal is open to for the community to shape and define, and insert ideas that allows everyone to have an input.
Lack of partnerships between Exchanges and the BitcoinZ community, most exchanges only provide a one-way business relationship.
Mission Statement or Vision
Service improvements and process efficiency, from an exchange that can work closely with our community and even contribute to our community fund while providing a growing and great service to our community.
Objectives to be achieved
Objective: Work with an exchange that can leverage involvement in our community and provide an ever-growing service that can benefit BitcoinZ in a variety of ways, across long-term and short-term engagements. Leveraging this exchange for cross-market and cross-channel purposes benefiting both entities and their community members in an innovative way.
Vision: Partnership with Safe.trade (SafeCoin Exchange)
i.) Provide and leverage pairings of BitcoinZ with many other coins across Safe.Trade
ii.) Active working relationship between our community and the SafeCoin community.
iii.) Arbitrage service from Safe.trade to BTCZ community inline with Bittylicious
iv.) Negotiation of a possible BTCZ community fund contribution agreement with Safe.Trade
v.) Enhanced security and community member service provisioning across safe.trade
vi.) Ability for pairs with coins such as BTCZ/Zel, BTCZ/(insert coin that may be added to Safe.Trade) - leading to a wider market growth of BTCZ.
Additional ideas towards the partnership with safe.trade team can be expanded on by additional community members. (please do not ask for silly, things that are based on user error, and please allow some time for service enhancements given safe.trade is fairly new and we need an opportunity to grow with the service as the service becomes enhanced).
The benefits of solving your problem or reaching your goal are an integral part of your business case. People want to know how your project will help them.
Performance and progress measures
Safe.Trade can provide insights, progress reports + updates, including improvements, recommendations and performance + enhancements to BitcoinZ community, which can be shared and posted monthly on our website or shared via communication channels (discord, slack, telegram). Transparency is key.
All areas mentioned above can be broken into sections for reporting along with specific teams working between BitcoinZ and Safe.Trade (as well as SafeCoin)
i.) Improvements, Performance + enhancements: wallets and other technologies can be
achieved through developer teams communicating. Included in a report to the community on a
ii.) Insights, Progress reports + Updates: Trades and new pairings and monthly milestones (if any), insights into trading styles, transactional data.
iii.) community fund contribution by Safe.Trade (depending on what is agreed)
Additional information can be decided upon speaking with Safe.Trade team.
Risks and ways to address them
i.) Other exchanges, feeling challenges and seeking to hurt BTCZ due to a partnership with
Safe.Trade (however this would be down to said other exchange being innovative or
attempting to limit innovative partnerships)
ii.) Pumps and Dumps groups attempting to dump BTCZ via other exchanges, however, our level of transactions via a partnered exchange can eclipse any negative value from a pump and dump group.
(More will be discovered over time and as community members comment to help shape this proposal)
Reduction of risks:
i.) Safe.trade has the ability to provide protection against Price pump and Dumps.
ii.) Arbitrage via Safe.Trade minimizing the risk of dependency on non-partner, 3rd party exchanges.
(the community can comment and provide ideas on the reduction of risks)
A basic plan of work (timeline and key milestones)
Currently Safe.trade has launched in beta and has already listed BTCZ/SAFE pair.
I propose teams from BTCZ cover the following areas to support this proposal and opportunity.
1.) Infrastructure + Developers team - who can assist in future technology, improvements and
such as mentioned above.
2.) Community funds team - to support in safe.trade community contribution and insight/analysis
on BTCZ monthly/bi-monthly performance.
3.) Arbitrage and brokerage teams - who can find brokerages/currency exchanges and
recommend safe.trade as our arbitrage exchange
4.) Business development teams - who can assist and prepare official documentation to secure
an official partnership with Safe.trade and BitcoinZ.
This is open to everyone in BitcoinZ community to help and collaborate to identify, define the activities and milestones related to creating networks of participants.
(Participants to be listed in the areas of and for contributing to the growth of this proposal, ideally being involved in making safe.trade a core base and home Exchange for BitcoinZ as much as it is one for SafeCoin).
Cost estimates and funding sources
Funding sources: Safe.trade community trading contribution.
Costs and funding estimates should reflect a proof of work whereby all teams to be compensated by a % (percentage) from Safe.trade contributions to the community fund.
The means the more trades the community does via Safe.trade the more likely the community fund contributions can be sufficient to compensate participants.
Costings of services that should be prioritized by this fund contribution from safe.trade should include the following areas of participants.
Training + Maintenance (if Any).
Opposing arguments and responses
Please feel free to comment with opposing arguments, please do so, professionally and provide insights and examples to your arguments against this proposal.
I have spoken with Jeff from SafeCoin team regarding this and mentioned that I would make a proposal to our community to seek the approval of the community to establish an official partnership inline with benefiting BitcoinZ community and SafeCoin community as the two communities already share many many things, as Jeff pointed out himself.