Fundraising for the new wallet for BitShares, Moonstone, will start on Thur, 9 April 2015.
For those of you who still don't know about Moonstone:
-Moonstone is a crypto wallet that allows transfers and trades among BitShares, BitAssets, User-Issued Assets (UIA), tokens and even trade money.
-Moonstone will be available as a web-app and desktop client.
-You can either signup and login to Moonstone on the web or download the client. You then proceed to importing your existing wallet or creating a new one. You won’t need to wait for any blockchain to download anymore!
-At no point to we have access to any of your private keys. You are in charge of your assets!
-Once signed up you can start transacting and trading any assets.
About the fundraising-We’ll do a scaled kickstarter with a minimum of 130,000 USD worth in BTC/BTS and no upper limit. Donation period will be 30 days.
-We’ll map everybody’s public keys and send Moonstone tokens to the corresponding public keys on BitShares. For every BTC you send in the price will be converted into the equivalent in terms of BTS at the time of donation, and you will receive 1.15 Moonstone tokens for every BTS equivalent you donated.
-Once the campaign ends and we reach the sufficient budget, both the frontend and backend of the wallet will be released under the MIT license (this means that anybody will have the right to use our code also for for-profit reasons).
-The wallet will have 5 opt-out delegates which can be deselected upon installation and whenever you want. All proceedings from the delegates will be converted to bitUSD. 100% of these bitUSD will be used to set 1:1 buy orders for the Bitsapphire UIAs you received. Further monetization efforts will be reviewed later on by Bitsapphire (such as featured assets, markets, etc)
-This means that anybody who sent donations will receive 15% more than put in. Depending on the BTS market cap, this means that you’ll effectively get your donation back in 5-30 months (rough calculation based on historical BTS market cap, not binding and dependent on Delegate proceedings).
-If we fail to reach our budget the Moonstone Angular frontend will be released under the more restrictive GPL3 license which makes it impossible to use the code for for-profit reasons. The backend which makes the light client possible remains closed source. Nonetheless, the wallet will be released with the same number of delegates and whatever budget we got will be converted as planned with a 1:1 ratio.
For more information on the Moonstone Wallet, you can check our crowdfunding campaign,
https://moonstone.io/, or watch this video:
https://www.youtube.com/watch?v=xpoqezHMMgo
