Plenty has been happening in the background while the development team and administration have been readying the front line approach to the market for BITCOIN AIR. We have kept our community quiet and our development even quieter while we put together our many programs we plan to offer to the public prior to our actual fork date. It has been a great time so far developing with the team, and we can not thank our community enough for being with us in the early stages of BITCOIN AIR.
This article will be presented to cover several topics that have been floating in the community, and to introduce the latest updates within our development. The community has been anxiously awaiting the biggest decisions within our development, included the finalization on which coins will receive our airdrop. We are here to announce several things including; our Ambassadors Program, our Minimum Viable Product Demo, our new Website, our introductory Partnerships, and the final decision on which coins will receive our Airdrop.
The Bitcoin Air Ambassadors Program
The BITCOIN AIR Ambassadors Program has been developed as a means of providing 100 lucky participants with the chance to permanently earn a position as an Ambassador within their country and aid in the constant growth and outreach of Bitcoin Air on a large scale level. The main goal is to allow us to produce as many points of contact for our development as possible, in as many countries as we possibly can.
Our Ambassadors will be in charge of social network outreach, planning and organizing of community events, BETA Testing and Functionality, marketing and promotion efforts, and much more. They will be our front line team when it comes to countries reaching out to BITCOIN AIR on a personable level. Ambassadors will play the largest role in ensuring that BITCOIN AIR achieves it’s maximum potential in achieving it’s goal of producing a currency that provides back to the environmental efforts of maintaining our planet and personal well-being.
Ambassadors will be trained and briefed on the dynamics of BITCOIN AIR and it’s functionality, they must be capable of a professional attitude, demeanor, and presentation when it comes to representing BITCOIN AIR and it’s team alike. Every chosen participant will have the chance to earn Bitcoin Air (XAP) on a monthly basis via conversion based marketing and promotion utilizing their social networks and events that may be happening in their area; like seminars. Ambassadors who are hired will be provided access to our Ambassadors Panel that will give them access to a variety of content to market with, social network API’s to easily share and promote BITCOIN AIR, a place for event planning requests to be filed, personal conversion links to maintain records of who brings the most attention to BITCOIN AIR, and a internal payout system that rewards the top Ambassadors with the most conversion.BITCOIN AIR Administration will dedicate funding monthly to a pool that will be split completely between 100 Ambassadors proportionate to their share of the growth margin during the month prior.
The Ambassadors Program will begin with an application process that will allow us to gauge the communities interest over time leading up to the fork date. A series of interviews will be given to the chosen participants to gauge their ability to grow Bitcoin Air and utilize the resources provided in an efficient manner. All members of our community are encouraged to apply and see if they are chosen to become one of the 100 ambassadors chosen world wide to aid in the growth of BITCOIN AIR
The applications will be announced in the next upcoming article. The application process will allow only non-anonymous participants as we would like our Ambassadors to be friendly and welcoming to the public to approach them to gain information about BITCOIN AIR. We will ask a series of question via form, and over time will begin to reach out to capable applicants to receive a second interview. The 100 chosen participants will then receive escalated privileges to the Ambassadors Panel and will be trained and briefed leading up to the Bitcoin Air Snapshot and Fork.
Minimum Viable Product Demonstration
A lot of you may see, that we have been operating our development some what like an ICO. Hiring in different Advisors and types of staff to ensure a successful road map is followed throughout the development. To ensure that the public understands what we are hoping to achieve here in the slightest, BITCOIN AIR has made efforts to develop a Minimum Viable Product Demo that will allow you all to test the waters of what is to come for Bitcoin Air over the next few months.
This minimum viable product demo will feature a simple to use App Store Demo that will give you a hands on feel of how Bitcoin Air will operate when it is released. This is in no way our final product template, nor will our demo be utilized as a our main feature set. We will be expanding on this MVP drastically as we receive input on how people react to the usage and feel of our demonstration.
You can utilize our demonstration via a tablet, mobile, or desktop interface. It will display the basic features that are to come to the BITCOIN AIR Pay System that will allow several key features to fluid merchant transactions and consumer usage. The idea behind the MVP is to provide a hands on template of use for people to gather what is to come before deciding to support Bitcoin Air in it’s endeavors to becoming the largest small business based consumer stable coin.
The Future of Bitcoin Air
Throughout the constant development going on, there has been extensive brand growth that has blossomed the final and true vision of BITCOIN AIR. Initially beginning as an initiative to create the first collateral backed dual-chain stable coin that can give back to the planet through merchant-consumer based usage. This vision has blossomed into large scale partnerships that will aid in creating the most versatile and scalable merchant based payment system to come from a cryptocurrency development.
BITCOIN AIR has reached an agreement with the US Blockchain Association to acquire $210,000,000 in Carbon Credit Asset Reserves to back the minting and burning of USD Air Protocol. This means that every $1 of USDAP (1 USDAP) will be backed by $1 of Carbon Credit Assets. Coupled with this asset backing, BITCOIN AIR will be included in the future release of 50,000+ ATM’s worldwide being developed by the US Blockchain Association that will allow users to sell their $USDAP or $XAP and receive local fiat currency at anytime. This will allow Bitcoin Air to be fully asset backed up to $210,000,000 in carbon credit reserves at any given time through the partnership with the Mother Earth Foundation.
The technology:
The technology behind the Air Protocol was based on the idea of an off chain decentralized reserves system that could maintain the end value of a merchants earnings, while producing indirect impact on the environment in a positive way. Throughout our analysis of cryptocurrency, volatility has come to be the largest issue. This is largely caused by market manipulation and in hand aided by low adoption, no regulation, and failed attempts at reserve systems. BITCOIN AIR will defeat all of these issues by ultimately providing both a decentralized payment system and a decentralized reserves system that can operate 100% trust free and decentralized from any central power. BITCOIN AIR will start with a limited circulating supply that will vary based on the minting and burning of coins through the Air Protocol. Two bilaterally operating chains will be interacting with each other through consensus nodes that will come to an agreement on whether or not the burn/mint process can be pushed while ensuring a number of factors are in line before validating it on the network. This action, called off chaining, will occur by a consumer using the “spend” protocol or “swap” protocol initiating a burn of supply, and an immediate minting of exact USDAP on the side chain. This side chain will maintain a static value based on the amount of USDAP available through the off chaining process. The circulating supply of BITCOIN AIR will lower along with the available market cap, maintaining the value of each share on the volatile chain. This will allow merchants and small businesses to “side chain” their value if they would prefer not to fall victim to market health
The storage of Air Protocol will be on a privacy focused side chain that will allow open access to your ledger. While privacy isn’t our main goal, we feel that all transactions and earnings should be maintained to the users discretion of use. This in turn means that access to your ledger of mints/burns will be at your control at all times. Publicly permitted API’s will be developed to allow for even the most common bookkeeping and accounting softwares to integrate with your private ledger
The approach:
BITCOIN AIR will focus on ensuring even the newest member to cryptocurrency has an easy, efficient way to utilize it for basic business function. BITCOIN AIR will utilize a lot of the currently available technology including; Segregated Witness, Lightning Network, and Atomic Swap. This will expand into our off-chaining and on-chaining features that will ultimately be implemented into the Air Protocol to secure the value of a users coins. Initially beginning with a full-node desktop application and basic exchange support, the earliest adopters will gain the early know-how to operate a full-node staking wallet that will allow them to gain a small reward for providing their resources towards consensus. The main development will focus on mobile and tablet applications for our consumer and merchant protocols. Our approach will include a full fledge portable-use application that will allow any user or business to operate via a clean and modern point-of-sale approach. These point-of-sale applications wouldn’t utilize the send/receive feature and would instead utilize the “spend/burn” feature upon a user transacting with a business. This operation would happen by a user choosing the wallet and setting it to the spend feature. This would then allow them to scan the QR code shown by the merchant point-of-sale, ultimately deducting the required amount from the wallet and operating the “spend/burn” feature that would then off-chain the value to USDAP within the merchants wallet, keeping it safe from the volatility of the market. During this operation, the market cap and circulating supply would drop collaboratively, maintaining the value of every other users Bitcoin Air. The merchant could then burn there USDAP into BITCOIN AIR whenever they would feel like doing so without effecting the price of another users BITCOIN AIR during the burn/mint process.
Beyond the basic abilities, BITCOIN AIR plans to be the first to implement “Air Cash”. Thanks to our off-chaining capabilities being implemented, we will have the ability to mint off chain and make sure value is maintained. We plan to expand upon this idea extensively beginning with the ability to off-chain your BITCOIN AIR to USDAP Air Cash. You will be provided a QR code to print out that can be handed over like real cash and “swept” into a Bitcoin Air wallet as Bitcoin Air. During this process, creating the Air Cash will burn circulating supply from Bitcoin Air, and mint equal USDAP on the side chain. This will in turn provide a randomly generated private key to the QR code that will hold the value of the USDAP. This balance will not be available in your wallet, and will instead be pegged to this piece of paper. The user can then hand it to a merchant to conduct a purchase, or hand it to any other party to conduct a in person trade. Upon the receiver sweeping the balance to their wallet, the private key and public address will be added to their wallet for usage permanently from then on. The paper document would then become useless, and the address can be disposed of along with the document. This will be the first approach to a fiat introduction for cryptocurrency.
The market potential:
The market potential:
BITCOIN AIR hopes to create the balance that will open the doors for mass adoption by all small businesses world wide. The current financial impact of small businesses on the United States GDP alone is 46%, that would put the potential market at upwards of $8.5 Trillion according to the current United States GDP. To think mass worldwide adoption would put that current number to shame, but to start small and possible, even 1% of that current market flooding to Bitcoin Air through ease of access would mean a market capitalization of $85 Billion. Bitcoin Air seeks to develop a easy, user- friendly, rapid payment system that is accessible and secure enough for everyday use!
The up and coming fork:
The official BITCOIN AIR snapshot will take place on November 22nd, 2018. The overall fork will take place by utilizing two different blockchains and in the end result creating one bilaterally operating dual blockchain. The Peercoin Blockchain is what our entire development will begin on, during this time,the Bitcoin UTXO will be added along with several core features including Lightning Network, Segregated Witness, and Atomic Swaps. We will also be implementing our side-chaining method that will allow people to off chain their XAP to a stable value USDAP. The users receiving Bitcoin Air at the time of the fork will be holders of Peercoin (PPC) and Bitcoin (BTC) at a ratio that will be announced closer to the fork date. Bitcoin Air will begin by increasing the size of the Blocks to 32 MB each, reducing the block time to 4 minute targets, doubling the tail emission of Bitcoin, maintaining the block reward of 12.5 XAP, and introducing Hybrid Dynamic Proof-of-Stake/Proof-of-Work Consensus. All of this coupled with the backing of a Clean Air Initiative, Bitcoin Air’s goal is to achieve the first form of cryptocurrency that can aid in producing a stabilized market, and reduce the human carbon footprint through indirect day-to-day actions.
The Official Airdrop Information
After a long discussion with our team, and having several conversations with both the teams at Haven Protocol and Peercoin. We have decided to airdrop $XAP to only holders of Peercoin and Bitcoin.
After careful consideration, and numerous requests from the community, we have decided to NOT move forward with airdropping to Haven Protocol due to some of the communities disagreement with our project, and the extensive bad background that has accumulated with Haven Protocol including Bitcoin Bravado and the recent Nanex Hack. We have fully agreed to move forward with the airdrop, and the only difference is now Peercoin and Bitcoin Holders will only receive Bitcoin Air ($XAP).
FOR MORE INFORMATION :
Website : http://www.bitcoinair.org/
Website : http://www.bitcoinair.org/
Twitter : https://twitter.com/BitcoinAirUSA
Telegram : https://t.me/BitcoinAirENG
Authors : Tellysa
Bitcointalk's Profile : https://bitcointalk.org/index.php?action=profile;u=1898514
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