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Factom needs a flexible means of anchoring to other blockchains. This should allow for Anchoring to be done by any of a set of Identities. Payments for Anchoring should be settled from the blockchain periodically. As a part of Anchor Rework grant we post the Anchoring Requirements document here...

I had convos with some developers in community, we discussed the idea of moving tokens on the protocol level (L1). L2 solutions is not really popular (even L2 of popular L1’s like Ethereum), and in our case Factom is not popular as L1 itself, so FAT as L2 is not popular at all. In my opinion...

So the 35% discount gap is not a discount to assumed FCT price used for calculation, but a discount to compensation amount itself?

Thank you for your application Niels. Correct me if I calculated wrong: 7,500 USD with 35% discount gap means using $0.65/FCT when real FCT price is $1 ($1.3/FCT when real FCT price $2, etc.). So it equals to approx. 7,500 / 0.65 = ~11,538 USD per month for part time work (you committed 1/2...

Due to insane FCT price volatility now, we can not predict the actual FCT price on the payout date. For everyone who is concerned about any possible windfalls that may appear on the payout date, I want to clarify that I commit to return any windfalls (if they appear on payout date) to the...

Reduced from 8,000 FCT to 6,500 FCT.

Historically this grant was denominated in FCT regardless FCT price (even at higher FCT price). https://forum.factomprotocol.org/threads/factom-inc-013-oracle-master.1951/ https://forum.factomprotocol.org/threads/factom-inc-16-oracle-master.2252/...

So if 22140 FCT grant amount is approved in this grant round, what happens when we release factomd update on Feb 20? What amount is hardcoded to be paid out and to whom?

Then you should vote against all grants that are priced at $1.4, otherwise it’s personal.

It’s based at $1.4 the same as other grants. If everyone agrees to base all grants at higher price, I would do the same ;)

Grant budget reduced from 8,000 FCT to 7,200 FCT

Agree here and many ANOs would agree that anchoring is the selling point for data being secure into Factom Protocol (at least I know some who told me the same in private convos).

A member of Core Committee will hold funds for anchoring, it's mentioned in Budget breakdown:

Well, historically this approach didn't work. We sent BTC txs with very low tx fee to be confident we anchor at least within a week, but in reality many times the anchoring didn't happen due to low fee. There are 9000 (!) missing BTC anchors before anchoring was stopped in August...

When flexible anchoring is implemented, we will be able to control costs of anchoring — it can be any cost we want (e.g. $1000 or $500 per month) for expensive blockchains due to adjusted frequency of anchoring, and a fraction of dollar for cheap blockchains (e.g. 1 XLM [$0.40] covers 100K txs...

4000 blocks per month × $13.50 = $54000 more or less, depending on BTC network congestion.

Currently there is no anchoring since August due to increased BTC and ETH tx fees. This grant is primarily about creating a flexible anchoring system, that allows us to control a frequency of anchoring (once per X blocks) and control cost of anchoring, and plug in different blockchains in the...

Can we get rebranding remaining funds being reduced from this grant as it’s the same person receiving this grant and holding rebranding funds?

I can not see demo without Vimeo account. Could you upload on youtube? Is it possible to deploy demo so developers may actually interact with it? What’s stack is used in this PoC?

Executive Summary Wrapped FCT (WFCT) is community led, 100% backed and verifiable FCT token, issued on the Ethereum blockchain. ANO / Committee Group: De Facto FCT address: FA3X3d3ceDYD7v3aBCeEBcvvgiTZNeiFkN8jJ897EbMuBzHt6xhP FCT: 6500 Total FCT Requested 6500 Start Date 2020-12-01...