Q2- Launch on EOS & Telos
  • US Dollar stablecoin smart contracts and simple trading frontend finished. 
  • DAC integration and real-time tx history in progress
  • Off-chain currency converter in progress: Thailand – Baht, Indonesia – Rupiah, Taiwan – Dollar, Singapore – Dollar, Malaysia – Ringgitt, Vietnam – Dong, Philippines – Peso, South Korea – Won, China – Yuan, Japan – Yen.
  • Telos Worker Proposal in progress
Q2 - Integrate peer-to-peer OTC gateway
Web Designer 0%
Q3 - Partnership Capital Raise - $150,000

Stablecoins, FOREX + Bitcoin/Altcoin Exchange

Our first stablecoin will be pegged to the US dollar and have off-chain conversions to other national currencies.  In the future we’ll create multiple other national currency stablecoins with a focus on countries in Southeast Asia and South America.   People will be able to seamlessly convert to local currencies wherever they travel as well as use their local currency stablecoins for payment and remittance.  Using crypto collateral, we can also create many other synthetic assets such as  bBTC as well as other alternative coins and enable trading/exchange in many cryptocurrencies.  With IBC and atomic swap technology, we can also create trust-minimized exchanges between the derivative assets we create and the actual underlying cryptocurrencies they correspond with.      

p2p Crypto Gateway 

After implementing a stablecoin, it will be easy for people to exchange fiat dollars for bUSD 1:1 in an OTC market.  We plan to make it as easy as possible using digital exchange such as Paypal, Venmo, Squarecash, Applepay, Zelle, WeChat, Alipay etc.  We need to have a simple reputation system to build buyer reputation to reduce chargeback risk as well as an escrow system for high value exchanges.  We plan to create an app that connects people to trade crypto for fiat with ease. 

Opt-in Account Recovery 

Because the bitcash platform pools user assets into a treasury there is an opportunity to  implement custodial features that provide more convenience and protections for users, especially large stakeholders.  We can implement an account recovery system based on enabling users to hash ID information with private keys and link their ID information to their EOS account and submitting the hash to the blockchain.  Once the link between a user’s ID and EOS accounts is established, users can rely on KYC providers to verify their identity and match ID info with the unique hash. EOS42 has described one version of this opt-in recovery system. 

Users should be able to hash multiple factors such as:  telephone, TelegramID, email, government ID, DOB, photos, biometrics

In addition to ID hashing, users can add additional factors for recovery such as friends & family validation as well as other hardware keys.  Finally time delays and withdrawal limits can allow time for users to challenge the recovery process to prevent attackers who commit fraud. Below is just one example schedule of the recovery timeline of a 6 factor recovery system (2 KYC checks, 2 friends, 2 hardware keys).   The recovery time period could indicate how long the user’s recovery would be spread out over daily/weekly distribution installments.

Factors – Recovery Time Period 

5 of 6 factors verified – 20 days

4 of 6 factors verified – 3 months

3 of 6 factors verified – 6 months

2 of 6 factors verified – 1 year

There are other factors to consider including KYC verification fees and recovery value limits.

In addition we can use technologies implemented using the ZeroWallet protocol to create low-entropy multi-sig systems for privacy, convenience & security.


Our main focus is to provide an extremely liquid EOS/USD exchange, but we plan to eventually add Bitcoin and slowly add other select cryptocurrency coins on our platform.   At the same time we plan to add EOS dApp tokens as well as sister chain tokens as interoperability becomes more seamless. We also plan to implement a gateway exchange similar to Shapeshift that will allow users to trade bUSD for cryptocurrencies that are then sent to their own wallets.  Instead of having users change directly from one coin to another, we use bUSD as the medium of exchange to improve the user experience. In the future we can use the same stablecoin mechanics to create any derivative asset on the platform so people can long or short popular stocks like Tesla, Amazon or Google, indexes such as the SP500 as well as forex and commodities.  Finally we plan to eventually enable users to select automated trading bot strategies to help enhance their trading experience. 


The lending business is a natural fit for a stablecoin system. The first loans created from our platform already enable margin trading for the exchange. Users can use bUSD to leverage their EOS positions. Users can borrow EOS collateral to short EOS. In the future we’ll expand on the lending business. We can create bridges between bUSD and Carbon/TrustUSD/Tether etc. so people can easily exchange into fiat to use for the non-digital side of their business and for personal expenses similar to how SALT lending works. Our platform is an easy way to get a crypto equity line of credit just like people have on their homes. Later on we’ll add longer term loans with credit/reputation systems.  We can also create applications for microlending and small & medium size business lending. In the future real estate properties held under a smart contract trust could also be used as collateral to issue bUSD and lend to home buyers just like banks currently do. Hence mortgage lending would no longer be monopolized by banks and an alternative private system based on blockchains can compete.

Investment Banking

Tokens can be used to act like securities, but with a new model of partnership ICOs we can expand on fundraising without the regulatory friction. The key to issuing equity tokens that are not regulated and pass the Howey test is to allow users who invest to be an active part of the organization as partners. DPOS systems in general act more like partnership systems because users are able to vote and actively participate in the operations and direction of the blockchain. Similarly any dApp that uses DPOS or a voting system will also qualify. We plan to create a simple ICO token issuance platform similar to those that were created in the ICO boom in 2016-2017.

In addition to equity issuance, we can also provide longer term bond issuance to complement money market and short term paper issuance that our stablecoin system can provide. Since most of these blockchain organizations aren’t integrated into the real world yet, bondholders would only get a priority interest in digital assets upon defaults. However as more assets are put into smart contract trusts, many other real world assets could be used to secure lender interests in the future.

For whatever kind of business and industry, we can provide investment banking services to     organizations that issue equity or debt tokens on our platform. Of course we will identify businesses that have the greatest need for these new blockchain organizational structures until the technology matures and becomes more usable broadly.