Background
The BitShares blockchain is designed to be self-funded and self-sustaining where BTS holders vote on and approve funding of development activities in the ecosystem. See BTS Holder Approved Project Funding for details on how this was designed to work.
2020 - Reserve Pool Replenishment
Time has exposed some flaws in the original design. These have been eliminated through events that took place in 2020 and core code updates (BitShares versions 4.x May 2020 to 5.x Sept 2020) were applied in 2020.
The flaws and abuses thereof had led to a rapid depletion of the reserve pools used to fund operations – the reserve pool which was supposed to last indefinitely was in danger of being depleted entirelyhad actions not been undertaken to halt the ‘rot’. In this case permanently by consensus changes long ago proposed and known to be the best action for protecting long-term stakeholder interests.
See the original BitShares Improvement Proposal (BSIP) #83 for detailed description. of the change.
To better protect interests and goals towards all original founding team members who still dedicate themselves to this project, it was necessary and led to the trademark registration and global incorporation of BitShares.org and BitShares Management Group. The goals of incorporating were first of all to find a means to replenish the reserve pool funds. Further to create the means of correctly promoting and expanding the BitShares software platform under a uniform BitShares brand, increasing value for all BTS holders.
The replenishment of reserve pool funds goal is to be accomplished by corporate investments and fund-raising to repurchase 1 billion quantity of the BTS Core utility tokens from Centralized Exchanges where it’s currently being traded as any other Digital Asset without real purpose or value.
