Post
Topic
Board Announcements (Altcoins)
Re: [Unlocked Thread!][ANN][BITS] BitSeeds - A Currency that Grows!
by
BitSeedsFoundation
on 17/04/2015, 23:46:08 UTC
The BitSeeds Custody Address
---------------------------

The custody amount of 100,000,000 BITS was generated in Block 1 and shall be staked for seven days to form a core of funds to kickstart the BitSeeds Foundation.  The custody amount is to be held in a 3-of-4 multisig wallet (BhHpy32LSFgpqNp8ZUpq1dvyJYkuG83JTW) generated with the following public keys:

> **Gabe Aronovich**
> 02f79cdcc8dde477bd4547fda9bc4405081067da7e631dcfb01fce0bc5e0b0402a

> **Coin.co**
> 0314b1e751d0ae6d51805820ea5f64b9fc879454341e259d9b1a919e4710e9ede7

> **Rainforest Foundation**
> 028b9da0d90bc9919648dc95dc07e4c8ac18512277acf6d9620bd24264de8920eb

> **Bryce Weiner**
> 02567e06ff807804a16f189e43f3da8b6647bb0ad1a616386b0aa3e27363a2bdb6

The custody amound shall not be spent, but shall be staked no more frequently than a quaterly basis after the initial seven days following launch.  Interest generated will be directly reinvested into development of the BitSeeds ecosystem by incentivizing participants and vendors to accept BitSeeds for the automatic charitable tax deduction (see below).  The interest paid on the first seven days shall be held and staked by the BitSeeds Foundation as a means of thanking donors for supporting our mission and that of the Rainforest Foundation.