I've been developing a new blockchain for more than a year. We are approaching our private net launch(testnet is stable for some months) but we couldn't get community attention. Our project is totally bootstrap, beacause we beliave that we need to prove ourselves before asking for something. We are defining our launch strategy now, so I want to open a discussion about it hoping to get some feedback.
The Bizanc blockchain was developed to enable a trully decentralized exchange, aiming to solve the current exchange market biggest problems. Only the user can control his funds, order matching is on chain, anyone will be able to list a new asset, in a transpatent enviroment. And we hope to connect diferent exchanges, consolidating liquidity.
Today we support bitcoin, ether and ERC20 tokens. You can deposit BTC from testnet(Electrum) and Ether from rinkeby(Metamask) to trade in our testnet (you can check it on
https://bizanc.io/explorer/ ). Or you can Mine Biz, the blockchain coin (to run a node
https://github.com/bizanc/Bizanc.io.Core ).
We implemented an airdrop, but it's not officialy lauched because still on testnet, but if anyone want to try
https://bizanc.io/airdrop .
To enable decentralized asset listing, each asset (BTC, ETH, etc) has a pair only with Biz. So if you want to trade BTC for ETH you need to sell BTC, receive Biz, than buy ETH. The user can pay fees in BTC, ETH or Biz (paying with Biz is cheaper).
For the market to function, a Biz supply is needed. So we will put this initial supply in the market, with a very transparent policy, for something like 1 BTC = 15000 BIZ. The money we get to raise will be used to keep financing the project, and to make arbitrages with other markets and give liquidity to the market. This strategy will be pucloshed before the launch.
So I want to know the community opinion about this strategy and I'll be glad to answer any questions.