Fund research to utilize coloured coins on the Bitcoin Cash ledger for a fund voting system
Toshi’s Fund wants to empower donors of non-profit organisations to overturn the boards decisions regarding funding. Utilising coloured coins, Toshi’s Fund proposes a system in which the donor gets 1 Toshi for every bit they donate to Toshi’s Fund. The creation of these voting tokens (Toshi’s) will lock the donation and make it useless. When Toshi’s Fund has a project that is worth funding according to the guidelines of permission-less payments, on-chain scaling and business viability it is proposed to the donors as a candidate for funding. Donors release funds to be used for the project by sending their voting tokens to a designated address.
To make this possible, there needs to be a wallet that is compatible with these tokens if that is necessary. CashPay has pledged to contribute by making their wallet compatible with any solution Toshi’s Fund comes up with. Toshi’s Fund is open for collaboration in any form to achieve the goal of voting tokens powered by Bitcoin Cash.
This proposal is for funding of research in the architecture of a system that would enable empowering donors.