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donate.html
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<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="utf-8" />
<meta content="width=device-width, initial-scale=1.0" name="viewport" />
<meta content="Efficient Decentralized Mining Pools for Existing Cryptocurrencies Based on Ethereum Smart Contracts" name="description" />
<meta content="blockchain, mining pool, ethereum, bitcoin, decentralize, free" name="keywords" />
<meta content="index, follow" name="robots" />
<meta content="Call for donations" property="og:title" />
<meta content="article" property="og:type" />
<meta content="http://smartpool.io" property="og:url" />
<meta content="http://smartpool.io/images/logo.png" property="og:image" />
<meta content="Efficient Decentralized Mining Pools for Existing Cryptocurrencies Based on Ethereum Smart Contracts" name="twitter:card" />
<meta content="@SmartPool_Prj" name="twitter:site" />
<meta content="SmartPool" name="twitter:title" />
<meta content="Efficient Decentralized Mining Pools for Existing Cryptocurrencies Based on Ethereum Smart Contracts" name="twitter:description" />
<link href="images/logo.png" rel="icon" sizes="16x16" type="image/x-icon" />
<link href="images/logo.png" rel="shortcut icon" type="image/png" />
<link href="stylesheets/styles.css" media="screen" rel="stylesheet" />
<link href="stylesheets/obsidian.css" media="screen" rel="stylesheet" />
<link href="https://fonts.googleapis.com/css?family=Source+Code+Pro" rel="stylesheet" />
<script src="javascripts/highlight.pack.js"></script>
<title>Smart Pool is calling for donations</title>
<script>
hljs.initHighlightingOnLoad();
</script>
</head>
<body>
<header>
<div class="background">
<nav class="row expanded">
<div class="row">
<section class="columns large-8 small-centered" id="menu">
<div id="logo">
<div id="menu-wrapper">
<a class="menu beginning" href="/"><img src="images/logo.svg" /></a><a class="menu" href="/#problem">Problem</a><a class="menu" href="/#solution">Solution</a><a class="menu hide-for-small-only" href="/#how-it-works">How It Works</a><a class="menu" href="/#team">Team</a><a class="menu" href="/#faq">FAQs</a><a class="menu" href="https://medium.com/smartpool">Blog</a><a class="menu end-menu active" href="/donate.html">Donate</a>
</div>
</div>
</section>
</div>
</nav>
<section class="darker-bg-color" id="donation">
<div class="donation-instruction">
<h3>
Our address
</h3>
<div class="instruction-wrapper">
<div class="address">
<p class="label ethereum">
Ethereum:
</p>
<a href="https://etherscan.io/address/0xa34EDD0E0223C2151b8408E3043b2F6EDC564fcE">
<p class="address">
0xa34EDD0E0223C2151b8408E3043b2F6EDC564fcE
</p>
</a>
</div>
</div>
<h3>
Using Ethereum Wallet (Mist) to donate
</h3>
<div class="instruction-wrapper">
<div class="wallet-instruction">
<ol>
<li>
Click on "Send" button on the top bar of Ethereum Wallet.
</li>
<li>
Paste 0xa34EDD0E0223C2151b8408E3043b2F6EDC564fcE on "To" field and specify the amount.
</li>
<li>
Click "Send" button, enter your wallet's password and click "Send Transaction".
</li>
</ol>
</div>
</div>
<h3>
Donating from Geth console (replace yourAccountAdress and amount accordingly)
</h3>
<div class="instruction-wrapper">
<div class="geth-instruction">
<pre><code class="language-javascript">personal.unlockAccount(yourAccountAddress, yourPassword)<br />/* Note: minimum gas fee needed run our contract is 90,000 */<br />eth.sendTransaction({from: yourAccountAddress, to: '0xa34EDD0E0223C2151b8408E3043b2F6EDC564fcE', value: web3.toWei('10', 'ether'), gas: 900000}) </code></pre>
</div>
</div>
</div>
</section>
</div>
</header>
<main>
<section id="calling-donation">
<h2 class="section-title">
We have stopped issuing tokens for donations, please send your donation directly to our multisig address 0xa34EDD0E0223C2151b8408E3043b2F6EDC564fcE
</h2>
<div class="row">
<div class="column small-12 medium-10 medium-centered section-content">
<p class="point-body">
We believe that SmartPool is a killer application for Ethereum smart contract. More specifically, SmartPool demonstrates how an Ethereum contract can replace a trusted third party (i.e. pool operator) and save users' (i.e. miners') fees. It is one of the first smart contracts (if not the only one) that can strengthen the security of the Ethereum blockchain itself by improving the decentralization of the network. Moreover, SmartPool can also be used to launch mining pools for existing cryptocurrencies in the Ethereum network, thereby greatly benefiting Ethereum by introducing more users/ full nodes to the system.
</p>
<p class="point-body">
Getting SmartPool deployed and improving the decentralization of the network is our first and most important priority. For this purpose, we must make SmartPool as attractive as possible to miners, for example making the protocol efficient and charging low (hopefully 0) fees. Thus, we decided to build SmartPool as a non-profit project and reach out to the community asking for help, i.e. donations. Once the decentralization goal is reached, we would strive towards providing compensations for the donors. However, initially, this is not our top priority.
</p>
<p class="point-body less-padding-bot">
<span>What are the tokens for?</span>After donating to SmartPool, you will be credited some SmartPool tokens (SPT). These tokens now are only meant to recognize your contributions to SmartPool and have no financial implications. In the future, we may have mechanisms to compensate token holders. The token rate is set as follows
</p>
<ul class="point-body">
<li>
1 ETH = 100 SPT from now to 27 January
</li>
<li>
1 ETH = 50 SPT from 27 January onwards
</li>
</ul>
<p class="point-body continue">
We pre-mine 600,000 SPT for our early donor and our team. The reason why we reserve some tokens for the team, although these tokens currently have no financial value, is for the future plan. If SmartPool takes off successfully and SPT has some value, the reserved tokens will help us fund the future operation of the team to support SmartPool longer and better.
</p>
<p class="point-body word-break">
<span>Who will manage the donation?</span>The donation in ETH will be moved to our wallet contract at address 0xa34EDD0E0223C2151b8408E3043b2F6EDC564fcE which is controlled by 3 people in our team including Loi Luu, Yaron Velner and Victor Tran.
</p>
<p class="point-body less-padding-bot">
<span>The methodology for reporting.</span>We will post to Reddit monthly to update to the community on the project's progress. People can always see the progress on our github repository. Otherwise, if you have any inquiry regarding our update, please contact Loi Luu:
</p>
<ul class="point-body more-padding-bot">
<li>
Email: loiluu@comp.nus.edu.sg
</li>
<li>
Skype: luutheloi
</li>
</ul>
<p class="point-body">
<span>Other funding sources?</span>We were lucky to be sponsored by DinarDirham with an undisclosed amount for our initial development. We also apply to the Ethereum Dev Grants, but we haven't heard back from the grant manager. We will keep updating our funding status.
</p>
<p class="point-body less-padding-bot">
<span>Timelines.</span>We plan to work on the SmartPool from January 2017, although the underlying research has been started for 4 months. Our tentative timeline is as following (this may be changed depending on our funding status).
</p>
<ul class="point-body more-padding-bot">
<li>
Public announcement: 10 Jan 2017
</li>
<li>
Public crowdfund: 15 Jan 2017 (we ask for donations from public)
</li>
<li>
First beta pool for Ethereum (on testnet): April 2017
</li>
<li>
First working pool for Ethereum: May 2017
</li>
<li>
Other pools (for Bitcoin/ ZCash): Jun 2017
</li>
</ul>
<p class="point-body less-padding-bot">
<span>Targeted Deliverables.</span>Depending on how much we get, our promised deliverables vary as follows.
</p>
<ul class="point-body">
<li>
Less than 5,000 ETH: Implement SmartPool for Ethereum and release all software as open source (i.e. under MIT license).
</li>
<li>
5,000 to 10,000 ETH: In addition to what we have promised, we will launch a decentralized pool for Ethereum and maintain it until Ethereum moves to proof of stake.
</li>
<li>
More than 10,000 ETH: In addition to what we have promised, we implement SmartPool protocol for other cryptocurrencies (Bitcoin, ZCash and/or Monero) and possibly launch and maintain real pools for these cryptocurrencies.
</li>
</ul>
<p class="point-body">
The team currently consists of 4 members: 2 full-time, 2 part-time (please read about the team in the home page). Team size and working hours may be increased to speed up the development if the funding allows.
</p>
</div>
</div>
</section>
</main>
<footer id="contact">
<div class="row show-for-small-only">
<div class="footer-container column small-12">
<div class="logo-backing">
<span class="center-helper"></span><img class="footer-logo" src="images/logo.svg" />
</div>
<p class="footer-brand-name">
Smart Pool
</p>
</div>
<div class="footer-container column small-12">
<div class="row">
<div class="contact-container">
<a href="mailto:loiluu@comp.nus.edu.sg"><img class="contact-item" id="email" src="images/email.svg" /></a><a href="https://gitter.im/SmartPool/Lobby"><img class="contact-item" id="gitter" src="images/gitter1.svg" /></a><a href="https://github.com/SmartPool"><img class="contact-item" id="github" src="images/github.svg" /></a><a href="https://twitter.com/SmartpoolPrj"><img class="contact-item" id="twitter" src="images/twitter.svg" /></a>
</div>
</div>
</div>
<div class="footer-container column small-12">
<div class="copy-right">
<p>
Copyright © 2017. All Right Reserved
</p>
</div>
</div>
</div>
<div class="row hide-for-small-only desktop-footer">
<div class="footer-container column medium-4">
<div class="logo-backing">
<span class="center-helper"></span><img class="footer-logo" src="images/logo.svg" />
</div>
<p class="footer-brand-name">
Smart Pool
</p>
</div>
<div class="footer-container column medium-4">
<div class="copy-right">
<p>
Copyright © 2017. All Right Reserved
</p>
</div>
</div>
<div class="footer-container column medium-4">
<div class="contact-container">
<a href="https://twitter.com/SmartPool_Prj"><img class="contact-item" id="twitter" src="images/twitter.svg" /></a><a href="https://github.com/SmartPool"><img class="contact-item" id="github" src="images/github.svg" /></a><a href="https://gitter.im/SmartPool/Lobby"><img class="contact-item" id="gitter" src="images/gitter1.svg" /></a><a href="mailto:loiluu@comp.nus.edu.sg"><img class="contact-item" id="email" src="images/email.svg" /></a>
</div>
</div>
</div>
</footer>
<section class="hide" id="app-variables">
<p id="public-node">
https://mainnet.infura.io/0BRKxQ0SFvAxGL72cbXi
</p>
<p id="smart-pool-address">
0xa34EDD0E0223C2151b8408E3043b2F6EDC564fcE
</p>
<p id="smart-pool-abi-url">
https://api.etherscan.io/api?module=contract&action=getabi&address=0x98F62d8aD5a884C8bbcf262591DFF55DAb263B80&apikey=DS24ZMNDG8CGKNU1QAU32WFS4DZKJ3PE3J
</p>
</section>
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