Brand Awareness Initiative by BTSMG for the BitShares blockchain, taking the form of street-food vendor promotional sponsorship, 6 month renewable contracts.

Hatching of a campaign idea

BTSMG has been discussing ideas for brand awareness marketing.  A local Thai person known to the group would be setting up and starting a street-food BBQ stall.

After some discussions the vendor was offered money upfront as we had seen enough to believe they really could do the business, and would only get there with some financial assistance. They agreed to provide IDs attached to a simple pen and paper signed contract. In just 10 days, the vendor was ready with a sign made up including the BitShares logo. The current sign is temporary, so we have time to complete another sign and clothing items for them soon.

Family Street Stall from concept to returns in 10 days

We want to share with you a little of the success story and how we hope to create similar positive effects with this initiative. The stall is Thai BBQ style with ‘yakitori’ style (grilled chicken or pork on a stick), plus fried sausages and meatballs. Already experienced using a motorcycle cart to sell sausages and meatballs, a brother asked his sister join forces, to expand into more BBQ ‘picnic’ style items and be on a fixed street stall next to 7-Eleven, in the bustling street market area. A large part of the preparation was for the sister to complete training 5 days with an experienced ‘Auntie’ and learn the full process, preparation of raw meat safety, master the cutting techniques, and learn the recipes so the product will always be consistent and delicious. The result is a more unique product. Other investments were just some basic equipment and raw materials but it was money they couldn’t get from a bank, because a street stall has no ‘equity’.

The stall they created was open and making daily returns in about 10 days. We didn’t expect such a fast result, their motivation and hard work is inspiring. They have expressed thanks to BitShares by telling me it would not have been possible otherwise, someone would have taken the selling spot before them. Now they’re proud to display our branding as a sponsored advert.

Next Steps

From this first try at sponsorship, it seems to be a viable option for more awareness marketing. There are surely more success stories waiting for us by providing small sponsorship packages and branding to street stalls. All walks of life from moto-taxi drivers, students, or millionaire and billionaire businessman love to buy street food, and will view the signs and t-shirts. So we can get a lot more community and economic contribution than only commercial forms of advertising.

After some more legal and technical roadmap items come into place for BitShares, (such as exchange listings) sponsored stalls could easily be upgraded to cryptocurrency payment options including BitShares. The sponsored stalls would become a readily available base to start BitShares payments.

Location, Location ..

The location is set with a popular and relaxed street market area in a seaside town that’s big with Bangkok visitors on weekends and students from the local Burapha University the rest of the time. Out of interest and again aligning with BitShares philosophy, Burapha University is 80th in the world by the ranking of top 100 Innovative Universities 2020 (WURI 2020: Global Top 100 Innovative Universities). Bangsaen Beach town has an excellent demographic for this campaign.

Conclusion

First off a success and well received by the vendor, who is proud to display our logo in return for sponsorship. A neighboring vendor asked if they can be next to receive a new sign! All parties benefit. It’d be worth expanding the initiative to several vendor carts, so that later they can also take on BitShares/$BTS payment options.

Liquidity protocols of XBTS DeFi AMMOBS platform allow anyone to become a Market Maker, Add their assets to several different liquidity pools and Earn fees on many different market pairs.

Price quotes on an DeFi are created through complex and scalible pricing algorithm AMMOB which does take into account any external information regarding of the world average price of asset and trading spread on the BitShares blockchain.

Liquidity providers that pool their capital in an XBTS Defi AMMOB Platform make markets by always trading against the prices set by the AMMOB’s pricing algorithm, essentially acting as Informed Market Makers.

Description of DeFi AMMOB: https://hive.blog/bitshares/@xbts/defi-ammob-defi-with-automated-market-maker-order-book

Step 1: Open XBTS DeFi Wallet web APP and register or import your account.

• Just visit https://app.xbts.io/ and start trading, investing into liquidity pools and staking assets in a few clicks.
• The exchange runs on the BitShares blockchain, so you can import your XBTS https://xbts.io or BitShares account. Only you have access to your account. The app does not store your data.
• XBTS DeFi Wallet is a Progressive Apps. We used modern APIs along with traditional progressive enhancement strategy to create cross-platform Web/ Online/Desktop XBTS DeFi Wallet.

The XBTS DeFi Wallet never holds or has any access to your funds — you are in total control of your private keys!

Pin-code
We built the Pin-code system that stops any form of data sniffing or keyloggers. The Pin-code is built into the XBTS DeFi wallet itself with ability to custom selected Pin-code for the ultimate level of wallet protection. The Pin-code is converted to a SHA-384 hash and encrypts itself using AES algorithms.

Step 2: Go to the “DeFi AMMOB” section.

The list of pools is displayed on the Defi AMMOB page. The list of pools presented in this section work according to the AMMOB protocol. The application displays a whitelist of pools.

Step 3: Select a pool.
You can select any Pool you want.

Step 4: Press “Stake” button.

• You can specify the amount you want to add to the pool. The system automatically calculates how many A and B tokens are needed.
• You need to only enter one value, the second will be automatically calculated based on the current pool ratio
• You can pre-calculate how much you need to deposit in order to get the desired percentage. To start participating in the pool and becoming a liquidity provider – Click “Add to Stake”.
• In the application, you can see the last operations that took place in the pool. Every swap transaction or adding/withdraw liquidity, is recorded on the BitShares blockchain and can be tracked in the Block Explorer.

Step 5: Go to the “My Tokens” section

Your Stake in various liquidity pools and the amount of LP tokens in each pool are displayed here.

• Click to view the selected pool.
• You can calculate your share and claim tokens at any time.

Step 6: Trade section
Here you can buy, sell, exchange the selected asset.
It is a fast way to swap cryptocurrency at market price.

Step 7: Wallet
The wallet section displays all the assets that are on your balance.

Step 8: Deposit/Withdraw
You can make a Deposit or Withdrawal of any asset by clicking Deposit or Withdraw.

The XBTS exchange supports the Deposit and Withdrawal on native blockchains of coins as well as cross-chain bridges with other exchange blockchains: Binance Chain BEP2, Huobi Eco Chain HECO, Waves blockchain, Ethereum blockchain.

• Just select the blockchain through which you want to make a Deposit or Withdrawal.
• Different blockchains have different fees.

XBTS DeFi AMMOB https://app.xbts.io/
XBTS Decentralized Exchange https://xbts.io

Follow us on social media to stay up to date!

Twitter: https://twitter.com/XBTS_EXCHANGE
Telegram: https://t.me/xbtsio
Github: https://github.com/XBTS
Hive: https://hive.blog/@xbts
Instagram: https://www.instagram.com/xbtsdex/
LinkedIn: https://www.linkedin.com/in/xbtsdexteam/
BitcoinTalk: https://bitcointalk.org/index.php?topic=4810122
BitsharesTalk: https://bitsharestalk.org/index.php?topic=26813.0

Disclaimer. XBTS DeFi AMMOB is a technical platform based on public AMMOB code on BitShares Splash 5.0 release that implement an Automatic Market Maker Order Book algorithm for exchanging digital assets. Trading and investment decisions are made at the risk of platform users.

As promised a month ago in first announcement of bugs and updates that we will perform, StakeBTS bot update came with much more changes than we originally planned. We’ve compiled the essential highlights for you in the below, while full and very detailed readme for this project can be found on the official BitShares GitHub.

StakeBTS bot is a tool for BitShares token holders (stakeholders) to lock their tokens into a fund pool, managed under corporate terms. Users who pledge to lock amounts of tokens are provided with rewards of upto 96% APY. (8% month). These returns are made through active corporate management of market making, trading, and fee pool profits.

StakeBTS bot is ran predominantly from automations with managerial controls, some of which are described below.

CHANGELOG V2.0 HIGHLIGHTS

• Enhanced whereby all future payouts occur in 30 day intervals from beginning of contract
• All payout amounts will be rounded down to nearest whole BTS
• User will receive receipt as memo with 1 BTS upon creating a new contract
• All payouts will come from bitsharesmanagement.group
• In the event of payout failure, 1 BTS will be sent with additional support info
• Client sends an invalid amount or invalid memo he will be refunded less 50 BTS penalty
• Manager can use bot to transfer funds to and from bittrex to brokerage account
• Manager can use bot to personally loan funds to the brokerage account
• New database format, all payouts are added to database at start of contract
• New database format, all outbound payment details are kept as receipts

FEES

It’s recommended to use the provided form on the BTSMG website for StakeBTS. The bot charges a fee of 50 BTS and returns your funds if:

• Sending invalid stake amount
• Sending invalid memo
• Sending admin request without being in MANAGER list
• Sending admin loan_to_bmg without lifetime member (LTM) status on your account
• Bot ignores bittrex to bmg and vice versa transfer requests if not LTM

StakeBTS Bot TECH

1) BALANCES AND WITHDRAWALS

• in a seperate script import withdrawal and balances definitions:
• unit test post_withdrawal_bittrex() and post_withdrawal_pybitshares()
• unit test get_balance_bittrex() and get_balance_pybitshares()

2) BLOCK OPERATIONS LISTENER

• reset database
• in config.py set DEV = True
• send 0.1 BTS to broker, ensure script hears it arrive to the BROKER account.
• check state of receipts and stakes database tables

3) DATABASE LISTENER

• in config.py set DEV = True
• reset database
• load old contracts:
  • python3.8 import_data.py
• print database contents:
  • sqlite3 stake_bitshares.db
  • SELECT * FROM stakes;
• via sql, change the due date on a single payment to 0, see that it gets paid
  • sqlite3 stake_bitshares.db
  • UPDATE stakes SET due=0 WHERE client='user1234' AND number=6;
• check state of receipts and stakes database tables

4) REPLAY BLOCKS

• reset database
• in config.py set DEV = True
• in config.py test True, False, int() of REPLAY
• ensure script starts at correct block number
• script should not create duplicates in stakes database when replaying
• check state of receipts and stakes database tables

5) CLIENT MEMOS

• reset database
• with config.py set DEV = False and 100 added to the list of INVEST_AMOUNTS
• send an invalid amount 99
• send an invalid memo fail_memo
• send a valid amount 100 and valid memo to start a new stake
• send memo to stop a stake

6) ADMIN MEMOS

• using a MANAGER account test admin memos (with and without LTM)
• bmg_to_bittrex
• bittrex_to_bmg
• loan_to_bmg
• check state of receipts and stakes database tables

7) BITTREX COVER

• reset database
• send 1000 BTS to Bittrex
• with config.py set DEV = False and 100 added to the list of INVEST_AMOUNTS
• insert line item in stakes table with amount ~500 BTS more than balance of BROKER:
  • INSERT INTO
  • (client, token, amount, type, start, due, processed, status, block_start, block_processed, number)
  • ('user1234', 'BTS', BALANCE_BROKER, 'interest', 0, 0, 0, 'pending', 0, 0, 1)
• empty the broker account
• send memo to stop a stake
• bot should move funds from bittrex to pybitshares wallet, then to client to cover
• ideally this should be tested with various amounts in all 3 Bittrex wallets

FEATURES

• automatically move funds from bittrex to hot wallet to cover payments due
• does not allow non-ltm users to administrate
• allows replay from current block, last block in database, or user specified block.
• prevents double entries during replay

Other StakeBTS Bot Features

• Automatically move funds from bittrex to hot wallet to cover payments due
• Does not allow non-LTM users to administrate
• Allows replay from current block, last block in database, or user specified block.
• Prevents double entries during replay

Author

Concept design and logic

Sponsor

This software is sponsored and managed by BitShares Management Group Limited

Developers

v1.0 initial prototype

v2.0 refactor, refinement, added features

Conclusion

StakeBTS has come from a humble start to a polished automation platform for the holders of BTS who were never rewarded in the past – in just a few short weeks. All credit goes to the development and BitShares Management Group for the initiative, legal coverage and delivery of this project. For more about the rise of BitShares technology, see the recent publications linked in the below, and on the BitShares News website.

It’s clear this website is an intentional scam/fraud. So poorly executed, yet unfortunately, we received intelligence some may have fallen for it. Therefore we have no choice other than to try and warn as many as possible by publishing this notice. Please always keep an eye open on Crypto websites offering investments, if they’re full of obvious typing errors, bad English, and poor coding – it’s probably fake. Worth reporting if they are asking you to invest anything!

One of the reasons brand trademarking is so important in a Crypto or any other venture, is it protects users and the public. If it’s not from the proper trademark-owner sources, we hope people won’t fall for it. Sadly they still do. Some folks become blind-sided as they seek lax entry points to Crypto profits. Please don’t fall into that trap.

Red flags are obvious to you or anyone landing on this site. Regardless, BitShares will take action using our globally recognized trademark intellectual property rights. In which case, whoever created this site could be about to get a surprise. With a team of advanced coders and admins around the real BitShares team, it doesn’t take much to dig a whole lot up about a site like this. From there, a report will be lodged with appropriate authorities.

BE AWARE! Remember you can always report any scams you find to us also, we will take every action in our power to remove them. In case you don’t want to visit such a nefarious site, screenshot below so you can see how bad it is. Note the lack of buttons spacing, cheap and nasty fonts, bad spellings. Big Red flags already!

Be Aware!

If you think the above is bad, wait till you see the sign up page for even more fun – Buttons and menus all over the place, links to Privacy and Terms go nowhere!

ADVICE/WARNING: DO NOT INVEST OR DEPOSIT ANYTHING TO BITSHARESINVEST.COM AS THAT IS NOT TRADEMARK APPROVED OR EVEN AUTHENTIC WEBSITE OF ORIGINAL BITSHARES ORGANIZATION!!

Exec Summary – This article is to provide insights and details on the corporate structure/roadmap progress of BitShares Management Group (and beyond) so far Jan-Jun 2021, as reflected on BitShares.org and bitsharesmanagement.group websites.

Since this year, businesses are being incorporated in Southeast Asia for BitShares. Thailand for the main BitShares Management Group corporation. Cambodia for BitShares Enterprises, a DLT and digital payment services offering. Furthermore, as earlier posted on Twitter – BitShares now has a named USA registered business entity:

Corporate Philosophy

Transparent management of funding and returns on them to grow BitShares by invitation-only investment partners and collaboration are happening in the background as required. Only business or corporate style management can allow this to occur, and for the opportunity to blossom for all token holders or participant around BitShares. Virtues of innovation and long-term vision remain a guiding principle. Value is being baked into the BitShares sphere, as leadership now exists enabling things to become coherent, legal, branded and organized. In that sense, BitShares was never granted this before. Of special note on this update, on the new corporate website, and this article, are the range of new products and services being launched which includes Staking, NFTs, and more.

From Vision to Mission

Corporate Website

BitShares.org main website remains as a technology site describing the BitShares blockchain as a whole. The new BitShares Management Group (BTSMG) website provides the top-level corporate view and management, where you’ll also find the below statements:

“As of 2020, BitShares 4.0 (May 2020) and later 5.0 (September 2020), releases were activated with stake-lock voting, removed collateral voting, added voting decay, revised BitAssets1.0, AMM (Automated Market Making) and more. As a net outcome the BitShares ecosystem now filters both investors and users by the core logic of the blockchain and actions they take, while keeping reserve pool and blockchain integrity protected.

Starting in late September thru November 2020, core team and architect behind new corporate structure of BitShares, Milos (Digital Lucifer) Preocanin, held a long discussion on 2020 trading profits, equity markets opportunities, and potential leverage of the global pandemic as an alternative investment vehicle that would be bringing back real value to the BitShares brand. With full blessings of BitShares.org domain and EU Trademark owner, to start a global incorporation using ‘BitShares’ name.

In order to become highly compliant under the Kingdom of Thailand’s business regulatory system, they have decided to invest 16.96 Bitcoin ($BTC) as a donation and marked birth of the first legal decentralized autonomous parent company and key management of the BitShares ecosystem.“

With the above statements, following are more brief highlights, descriptions and documents to illustrate the recent activities required to make it happen.

BTS Staking Process:

Above provides illustration of how it will be possible for users willing to stake BTS to participate in the corporate growth.

[THAILAND] Incorporation details for BitShares Management Group

The first major roadmap marker was the necessary founding of a new Management Group in order to handle real world matters and fill a gap missing in this project since the former BitShares Foundation disbanded.

Feb 2021 – Founded BitShares Management Group (“BTSMG”) in Thailand.

https://datawarehouse.dbd.go.th/ select English and search for “BitShares”

23 objectives from incorporation papers

Following are the (certified) translations from Thai language of the list of permitted business activities. In entirety therefore, a total corporate umbrella or license to operate and manage many types of ‘general daily business’, with obvious omissions like securities, pharma, and military. Most importantly, with investments and actual documentation on chain, we will be using real world assets to provide actual backing and ROI of trading in the real world. This includes real world assets acquired using “Kai Faak” style and left for longer return when a buyer comes along, OR, interests can be paid and assets can be repurchased by the borrower for the original value loaned. In short, a business structure is also required which is more involved than for a typical one-industry/concept or small business, and what BitShares now has is more of a corporate umbrella.

BTSMG license permits it to engage in any business from the following categories.

(from certified translation)

1. Purchase, provide, rent, book rent, have ownership of, be in possession of, improve, use and
   manage any assets and the interest of those assets.
2. Sell, transfer, mortgage, pawn, exchange and deal assets in other ways.
3. Be an agent, dealer, foreign exchange dealer in any kind of activity and business except
   insurance business, looking for members for the corporation and trade in securities.
4. Take on loans, overdraft from banks, juristic persons, or other financial institute and lend money
   or give credit in other ways, having guarantee or not, including receiving, paying, transferring
   and endorsing bills or negotiable instruments except in banking business, funds business and
   Credit Financier.
5. Establish branch offices or assign agents, both domestic and abroad.
6. Come in as a limited partner in a limited partnership, be a shareholder in a limited company and
   a public company limited, objectives in connection with running a service business.
7. Running contractor business for: commercial buildings, residential buildings, offices, streets,
   bridges, dams, tunnels and any other construction work, including every kind of civil work.
8. Running hotel, restaurant, bar, night club activities.
9. Running transport and – transfer of goods and passengers over land by water, by air, both
   within the country and between countries including the service of getting goods of any kind
   from the harbor by clearing them from customs and organizing them during transport.
10. Run packaging, collect, make, print and publish statistics, agricultural, industrial, commercial,
    financial, marketing information, including analyzing and assessing the results of running
    business.
11. Run legal, accounting engineering, architectural service activities including advertising.
12. Run guarantying for debts and responsibility services and acting according to an agreement of
    others, service including rendering guarantor services for persons who came traveling into or
    travel out of the country according to the acts about immigration, taxes and other acts.
13. Run service business as a consultant, give advice about problems in managing commercial
    industrial work including problems in production, marketing and distribution of goods.
14. Run service business of being the manager and caretaker of interests, yield the benefits and
    manage the assets of other persons.
15. Run activities of private hospitals and nursing facilities, treat patients and ill people.
16. Run activities of making movies and distributing them, movie theaters and other amusement
    halls, resorts, swimming pools, bowling alley.
17. Run repair, maintenance, inspection, greasing and rust proofing every kind of vehicles, running
    services including installation, inspection, equipment fixing and calamity prevention – services of
    all kinds.
18. Operate laundry, hair cutting, hair dressing and beauty care – activities.
19. Perform photographing, (film) developing, print and enlarging services including documents.
20. Run massage parlor activities.
21. Run auctioning activities for hiring people to make goods according to all the objectives, for
    persons, groups of persons, juristic persons, government instances and government
    organizations.
22. Perform activities, purchase, book rental, have ownership of assets and real estate for auction
    and trading.
23. Perform activities as the agent, broker, trade all kinds of real estate.

Mutual Opportunity

During the Covid-19 Pandemic, there has been a decline in all industries and markets across the world. As a Thai-based company we’ve seen the opportunity to actually purchase luxury properties and assets, where they can be purchased from broken bad-debts known in Thai as “kai fak”- agreements by law, (in Thai: ขายฝาก). This law is widely used by both foreigners and Thais. It can also be a win-win for both parties, as it allows debtors to walk free of any further liability.

With being a licensed broker, construction company for private and public work, legal, accounting, logistics and few other objectives – we bring the most value and returns on the prices that are under the market values. This can continue as a core means of creating share/stakeholder value and generating further REAL WORLD profits by the trading in and managing of any of the above business categories, imagine what possibilities this entails for bringing together all into NFTs and other types of smart contract, recorded indelibly as real and having approvals in local law (Thailand/Cambodia) by recording such assets on a trusted DLT.

Round-up of further activity:

The following gathers the rest of the activity completed or ongoing. Do check back often for separate articles on some of these.

Community Stake earnings backed by real equity

Staking is another new product being launched, designed with our community with small-holding of BTS to get involved with. (No KYC stake-locking) and accredited (KYC & AML) for larger sums, with enhanced staking terms and potential of ‘trader returns’ up to 96% APY. Mostly for market making (some automated and some manually), by trading specialist techniques for simple market making, liquidity mining with continual human monitoring, funds are locked or reloaded to fixed price non-volatile assets, conservative scalping and short term holding of funds to generate profits for the staking pool. Backed by innovative and legally structured terms, to create a low risk staking environment, think of it as a corporate style of fund management, with profits re-distributed as dividends to both the holders and reserve pool of the BitShares blockchain.

[CAMBODIA] BitShares Enterprises Co LTD (founded by BTSMG Thailand)

The main goal of launching stable currency for Cambodia and attempt to satisfy their agricultural requirements to move onto DLT, as well as exchange and digital bank.

In short, registration of BitShares Enterprises in Cambodia is complete, and you can refer to more detail here.

BitShares Management Group – Coming Next:

Once BTSMG Limited passes the SEC process – it allows a DLT fork of BitShares native technology (being prepared by develoeprs) to go live as a private blockchain. Instead of traditional coin/token/digital asset it will hold an e-stock named BTSMG. DSX (Decentralized Stock eXchange) will be a dApp providing the ability to issue new e-stocks while enabling a high-performance secured alternate 1-1 version of the traditional Thai stock market. In addition, blockchain data, sales, access will only be to registered stock brokers, issuers, authorities, banks and any other institutional investors/partners of the business participating.

This exchange then will not only showcase a real life DLT version of a stock market which the BitShares blockchain always had built-in, it’ll actually enable it for these participants to use as a real ‘front end’ for stock trades. Further, BitShares blockchain is capable of 125k transactions per second on localhost. Based on that BitShares core dev team estimation, that’s processing of up to x45000 times more activity than than the current traditional stock market. In other words, performance will be far great enough.

Conclusion

This sums up all the progress updates so far in 2021. A big thanks to all community and holders for the renewed enthusiasm and interest since version 5.0. New efforts are gaining BitShares true recognition and credibility once again.

The reason behind launching this entity is because there exists a fabulous opportunity arising from our activities in recent months. We are blessed to have made connections with excellent regional partners, whereby with Cambodia, there exists one main goal of launching a stable-currency and attempt to satisfy the agricultural requirements to move onto DLT, as well as providing an exchange and digital bank to operate it. This means BitShares technology can soon be exposed and promoted heavily in the Kingdom of Cambodia, as innovation and as a DLT, a solution and means for a digital currency which can be provided in a transparent, incorruptible manner.

BitShares will now be further able to extend global outreach from Cambodia. which is also a modern day melting pot for expats, and forms one of fastest growing hubs of business and foreign investment/business development. Interesting to note about the country in modern times, Cambodia has transformed into a lower middle-income status since 2015.

Should you not be familiar with history, and mainly out of respect – we should never forget the reasons (or lessons learnt) that Cambodia is still developing, still recovering, due to tragic past events. Today, it’s a country on a long-term growth trajectory, and finally very much open to the world as a dynamic locale for the international business community.

Business registration info

https://www.businessregistration.moc.gov.kh/ >> Select ‘Online Services’ > Search entity > search for BitShares

Information repeated here for info:

Director 1
Name (Khmer)
សំ សុផល
Name (English)
Sam SOPHAL
Chairman of the Board of Directors
Company Name (in Khmer)
ប៊ីតស៊ែរ អេនធើប្រាយ ឯ.ក
Company Name (in English)
BITSHARES ENTERPRISES CO., LTD.
Original Entity Identifier
1000063637
Company Status
Registered
Incorporation Date
10-May-2021
Re-Registration Date
19-May-2021
Tax Identification Number (TIN)
K009-902102261

• Business Objective

649 Other financial service activities, except insurance and pension funding activities

• Main Business Activities

64991 Money-changing services

• Bank Account Information:

Conclusion

As a result of this and other activity, BitShares has begun expansion towards a global footprint. Consequently the Business is registered, local CEO hired, and bank account opened. Certainly, a big potential exists in the next steps, with a proposal to fulfill the DLT requirements set out and bringing BitShares digital banking technology to the Kingdom of Cambodia. Finally, Cambodia should make for an interesting place within international business community to thus promote and spread awareness of BitShares blockchain and crypto/DeFi. All this of course, with full corporate, legal, regulatory approvals in place.