Update from Midnight Miner via Discord:
For an update on those trying to follow along on Bata. It boils down to 2 basic issues. 1) We are organizing a Non Profit Foundation to represent the community that is supporting Bata and Barter Platform. This is the first priority for us, and we need to complete this step to continue developing both the business plan for Bata and technological development. The political environment surrounding crypto-currencies is becoming volatile in how governments and investment securities agencies are monitoring and handling crypto-currencies in different countries and jurisdictions. 2) We are actively looking for developers to assist with the masternode migration. Migrating this coin is taking more time and resources than I had anticipated and estimated to @pc888. So, I am falling behind in what I promised to deliver, but we are looking for support from reputable developers that can assist and are available. Both tasks, finding available developers and reputable ones, are proving to be a difficult task. This does not mean development has stopped, it means that this transition is taking a lot longer than we had projected.
Probably because of so many of the scams that are happening now under the guise of cryptocurrency coins and tokens, there are many government agencies scrutinizing most projects of a certain value or popularity. We are putting a business plan in place to ensure we are compliant and preparing a professional profile for the Bata project. These services are all at a cost, so we are also looking for ways to cover the costs for the short-term road map. The foundation will need funding not only for its in legal costs for its creation, but there is also the upcoming costs and budgets for development of the code base, marketing, documentation, and community support.
For information regarding Charter membership for Bata Foundation please visit Discord, or Telegram.
For information regarding Charter membership for Bata Foundation please visit Discord, or Telegram.
Bata Foundation has received its first Charter Membership!
Bata Source code update 10.5.2
The following changes to take effect at block 850k:
Increase confirmation from 60 to 200 blocks,
Increase Total money supply from 5 Million to 10 Million
Static PoW reward of 0.25 Bata
https://github.com/BTA-BATA/BATA-SOURCEAll exchanges and pools have been contacted.
[moderator's note: consecutive posts merged]