📮Community wallet

What is a community wallet: A community wallet is a function developed into marketplaces that allow participants to share in platform revenue generated based on their contributions to the ecosystem. Community wallets financially reward the community for their activity, while fees accumulate in the wallet with each and every transaction. Traditionally this revenue is used to fund the project or reward the community.

Due to the UTXO community dao and launchpad, it is possible to generate a revenue stream for UTXO! Every proposal cost 100 dollar in BTC and the users needs to pay a collateral of 50 dollars in BTC to inscribe the end-result of the proposal on-chain on Bitcoin. Thus before a proposal is uploaded completely the user / wallet needs to pay 3 single BTC transactions. In this way there are also less scam proposals on the UTXO dapp. The developer BTC wallet address is used for paying the hosting provider etc. The community BTC wallet address is used for community purposes etc.

Note: The UTXO community wallet will be changed to a multi-sig wallet once the UTXO dapp is live on mainnet and the code is fully audited. The community multi-sig wallet will consists out of 5 early UTXO community members. The UTXO community multi-sig wallet needs 4 out of the 5 signers to complete a transfer.

Note: All the signers of the UTXO multi-sig wallet needs to be doxed. In this way all the signers are transparent to the UTXO community. Also the signers need to be accepted by more than 50% of the community via an official community vote via the UTXO dapp.

Developer BTC address

Wallet address: bc1qj3dtmxd29qylghgsgdkmpclfl9jledqmsh9czy

https://mempool.space/nl/address/bc1qj3dtmxd29qylghgsgdkmpclfl9jledqmsh9czy

UTXO community BTC address

Wallet address: bc1qjtnznqwleuqxe0mn3xy6l0x4fqgwx9mjsv2h0z

https://mempool.space/nl/address/bc1qjtnznqwleuqxe0mn3xy6l0x4fqgwx9mjsv2h0z