Monthly Payment Amount: 15000 Crave
Length of Proposal: 2 months
Problem: The cost for adding coin support to the Ledger hardware wallet has been estimated to be near $20,000 USD. At current Crave prices, that exceeds our maximum monthly budget of 43,200 Crave. We also would not want to commit 100% of a month's budget to one item, as that restricts other ideas and proposals
Solution: The goal of this proposal is to start a fund now (managed by the Crave team) to begin saving for the costs associated with adding Ledger support for Crave.
Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.
A list of cryptocurrencies currently support by Ledger can found be here: https://www.ledgerwallet.com/cryptocurrencies
Ledger listing would add a great deal of optional security for personal funds, and would also be very nice for marketing and exposure purposes.
Project Approach & Execution Strategy
A 2-of-3 Multisignature has been created to store the funds for this proposal. If you would like to donate to speed up the process, send funds to this address.
This can be found at http://explorer.crave.cc/address/bbMcWSA2ohKW2gVtzzaqZwBf1wzdP7fF3t
This means that between the 3 team members included (CooleRRSA, zrero, Slothman), 2 signatures will be needed to send any funds from that address to Ledger for payment.
One thing to note: Since Multisig addresses cannot be used as the address to receive funds from proposal/budget allocation, I will be first be receiving them to a regular Crave address of my own. They will then be manually sent to the Multisig address that was created. While I understand that this defeats the purpose a small bit, this process should still add a layer of security for the funds for nearly the whole time.
This address can be found at http://explorer.crave.cc/address/VJmL5bjrDymsHFZqaKtNLYWnAjzgG2njKn
It should also be noted that these funds will NOT be used to stake or set up masternodes for additional funds.
June 8 superblock – 15,000 Crave
July 8 superblock – 15,000 Crave
Total – 30,000 Crave reserved over the two months.
Upon acceptance by Ledger, the exact price will be updated here. As mentioned earlier, there was an estimation that the cost is $20,000 USD. This means that with 30,000 Crave, the cost will only be met if the price per coin increases to approximate $0.66 USD.
What if the price per coin doesn't increase that much in 2 months time, and we don't have enough funds saved?
- In this case, we can add another 1 month proposal to have additional funds allocated on the August 7 superblock.
What if the price per coin increases a great deal and the reserved Ledger Listing balance exceeds the cost of listing?
- Any 'leftover' funds will then be sent to either the Exchange Listing Fund, or another development fund.
In your wallet, go to Tools --> Debug Console
To vote in favor, type:
mnbudget vote-many 20e38af4077773b548a5959e8b7a54893ab525540c10d27bd8bc29789fb88a07 yes
To vote against, type:
mnbudget vote-many 20e38af4077773b548a5959e8b7a54893ab525540c10d27bd8bc29789fb88a07 no
To check the status, type:
mnbudget getinfo ledger-fund
Go to https://crave.cc/proposals