How to Fund Your #Growth-Proposal For Steemit Using Bitshares

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As I wrote in the past, I am very bullish about the future of bitshares. The tech is strong, adoption and liquidity is increasing everyday (see below) and it empowers people to do things they simply cannot do on other platforms. (Gotta love those BitUSD Smartcoins)

Now, before getting into the details, here are some charts to contemplate about what's going on in the DEX of bitshares.

Filled Orders


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Daily Transfer


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Account Creation


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How to Fund Your #Growth-Proposal by Using Bitshares

Would it be @zappl proposal for a micro-blogging twitter like platform or @steepshot, developpers need funds in order to bootstrap their business.

We can see community wide support for those project yet, they can still fail to acquire the funds necessary to build their app.

This is where bitshares comes in.

In bitshares, it is fairly easy to make your own coin (User Issues Asset). Simply go into "Account" and then allow "Advanced Options" and visit the "Issued Asset" tab. Once there, go to Create Asset and set it up the way you want.

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You can expect to pay around 3000BTS for ZAPPL UIA for example.

How to bring value to the shareholders

Raising $30,000 would be very easy using this method. Now...how do you reward your shareholders to hold on to your tokens?

A possible option is to can give "special rights" or bonuses in your app for those who own a certain amount of coins. But you can also have a buyback mechanism every month with a % of the profits your app generated to reduce the supply of your token...and therefore increase their value.

What is a 'Buyback' ?

A buyback, also known as a repurchase, is the purchase by a company of its outstanding shares that reduces the number of its shares on the open market. Companies buy back shares for a number of reasons, such as to increase the value of shares still available by reducing the supply of them or eliminate any threats by shareholders who may be looking for a controlling stake.

Read more: Buyback http://www.investopedia.com/terms/b/buyback.asp#ixzz4gbgF6Moi

Conclusion

This is a very cursive overview of what can be done in order to raise funds for your #growth-projects using bitshares. I like this method because people have a stake in your success, be your advocates and also keep the devs accountable.

Steem on Steemian!

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