This proposal formalizes the decision to promote adoption of Nubits by internet payment processors, payment exchanges, and currency conversion gateways (PEGs. Pardon the pun.), according to rationales and near-term plans posted for discussion.
I do not feel it necessary to copy most of the text over mainly because the suggested modifigication of the installation guide should be refined, and the list of exchanges may change. I don’t know if it is proper to include a URL in a motion so I didn’t. If anyone thinks that the motion should be more stand-alone with full justification and references please point out.
Proposal: Promoting Nubits to internet payment processors, exchanges, and gateways
Motion RIPEMD160 hash: 3ca45d3b51b92cac1e8e58b1b515f14bfec44973
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Nu should actively promote Nubits adoption to internet payment processors, payment exchanges, and currency conversion gateways (PEGs), in order to tap into their deep USD liquidity, customer base, existing real-life business penetration, geographically decentralized connection networks among partners, internet-based APIs and infrastructure. To that end the following steps should be taken by Nu marketing and development team, and the community.
1. Prepare the Nu Exchange Integration Guide
PEGs not only offer exchange interfaces but also provide liquidity (acting like Liquidity LPCs). After passing of this motion, a section should be added to tell things that are not known outside Nu community such as:
a) Nu allows PEGs to apply for compensations fees from Nu shareholders at market-determined rates. The interested PEG will need to post an LPC proposal for shareholders to vote.
b) To be a shareholder-approved LPC or not, in addition to buying Nubits from the market, PEGs can purchase Nubits from shareholders or Nu reserve fund custodians at $1/NBT.
A proper proposal template should be made available after this motion passes.
2. Contact a list of selected PEGs
After step 1 is completed official emails/messages should be sent to promising PEGs, by the Nu marketing manager, to introduce Nubits, point out the potential benefit, invite them to integrate Nubits, point them to the integration guide, and encourage them to discuss in the community forum.
The list of PEGs to contact will be determined in community forum.
3. Help the PEGs to integrate Nubits
Interested PEGs are expected to do most of the integration work. However the Nu team and the community should help with integration, because the PEGs may vary in development and cryptocurrency expertise, help by voting on LPC proposals, and help with testing. Nu should treat the interested PEGs as partners.
Once there are several PEGs that have Nubits integrated, Nu will contact price comparison and rating sites such as bestchange and OKchanger to suggest Nubits be included.
4. Contact more potential partners
If the first round of contact and promotion is successful, more potential partners should be contacted. The list of potential partners is to be decided in the community discussion forum based on outcome of the previous steps.
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