Coin Collab allows a group of users to create a collaborated project that will auto split Bitcoin shares according to predefined and approved percentages. Once a collaboration is created and approved by all collaborators the project can not be stopped, edited or deleted without approval from all collaborators.
Scenario:Three friends, Jimmy, Bob and Jane do a group buy for a new Bitcoin miner. Jimmy and Jane decides to allow Bob to host the miner. Now Jimmy and Jane must trust Bob to split the Bitcoin mined. Jimmy, Jane and Bob don't know each other and live in 3 different states.
With Coin Collab Bob creates a collaboration project and invites Jimmy and Jane to be collaborators. Bob set's the intended share percentage for each collaborator. Jimmy and Jane get an email notifying them of a new collaboration. They click the link and are shown the percentage of shares they are to receive. If Jimmy and Jane approve they simply enter their Bitcoin address and hit 'approve'. Now Bob sets up the miner and points the payouts to the projects Bitcoin address. Each payment is auto split and dispersed without human interaction. Jimmy and Jane can monitor revenue input by logging into their Coin Collab account.
You can help back the project on BitcoinStarter by clicking
https://bitcoinstarter.com/projects/408
