The BitSeeds Custody Address
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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.
Love how none of this is true.... The custody wallet sent out 6 million bitseeds to a few addresses, dropping it below the 100,000,000,000 custody amount. Also they have been staking the wallet the entire time and not for only 7 days once per quarter.
No your statement is not true. We have not been staking the entire time. We just started staking after we had the issues with the blockchain. The amount you see that left the wallet around 6mil went into staking wallets and will return to the original wallets days from now. We cannot stake them in the multi sig wallet, but are working on creating that feature.