Proposal RIPEMD160 hash: edfa6894c8ca246571d18682b453d6ac6b7deff6
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Custodial Address: BRTkmQ7Fz6vkg48iadLD1WfzmF7vech22v
Amount Requested: 320 NBT
I feel that bittylicious.com would make a good platform from which to provide direct fiat liquidity. Addition to the service would contribute to our overall liquidity provision in a way that is separate from traditional exchanges. There is less risk from a default as bittylicious.com act as mediators between traders who complete the trade peer to peer.
Bittylicious.com ask for a deposit of £200 to look into adding an alt coin. There are other pre-requisites too which I am happy to undertake as these are largely providing data about the Nu network.
This custodial fee grant proposal in intended to raise the asked for £200 in a way that gauges the general perception of this idea amongst shareholders.
At the time of writing Ā£200 was just over $307 according to Google. I have rounded that up to $320 to account for exchange rate fluctuation during the voting and to cover fees as they ask for the deposit in Bitcoin. Iām happy to cover any excess should the exchange rate change so much that the grant amount doesnāt cover the Ā£200. Conversely, any NuBits left over after the deposit has been paid will be donated to the Winston Fund.
I have used Bittylicious.com several times for buying Bitcoin and found their service to be fast and simple with quick response times from support should something go wrong. I feel that by allowing custodians to provide liquidity through bittylicious.com in exchange for fiat, direct with the end user, we can begin to diversify our portfolio of liquidity provision. That in turn should make our network more robust.
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