First XSC Distribution To New EBA Members

As in every new organisation, let alone a decentralised semi-autonomous organisation DSAO, first members are first movers in the truest sense of the word: they may face some hiccups at the beginning.

After we finalised the first version of our governance model last week, we are now ready to start the distribution of CrowdstartCoins XSC to our new members. In order to provide EBA members with a a basic budget of our internal currency XSC, we today sent 2.000 XSC to each new member’s Ethereum wallet. If you registered lately, just have a look into your wallets and enjoy!

If you want to know more about CrowdstartCoin XSC, you can inform yourself here and here. If you don’t have an Ethereum wallet, feel free to download the original XSC wallet here – there is an iOS, as well as an Android version.

Those EBA members who have not yet added their Ethereum wallet address to their member profiles, don’t worry. If you add your address, we will take that into account for the next distribution!


The European Blockchain Association Governance Model

Governance of decentralized systems is a matter of numerous debates in technological, as well as political and sociological circles. For the European Blockchain Association EBA, we have created a comprehensive governance model, based on existing, widely accepted regulatory frameworks, such as Eclipse, or Apache, as well as based on our practical experiences creating and working with blockchain networks. 

Our governance model specifically addresses the needs of our organisation which is designed as a decentralized semi-autonomous system DSAO: starting as an association (legal entity) based out of Germany, EBA is set to incentivize all members in a way that no central incentive will be needed to run and bring the organisation forward. A token-based incentive scheme is used to reward members for adding value to the organisation.

Beside being organised by its governance model, the members of the organisation must have the ability to change its own governance model – i.e. the ability of self-regulation.

Finally, the EBA governance model has been designed in accordance with other existing and widely accepted regulatory frameworks, such as Eclipse and Apache, in order to facilitate the acceptance with potential members.

These three key principles, the ability of self-regulation, being based on accepted regulatory frameworks, and the integrated incentive scheme, should constitute a sound basis for a successfull start of our decentralized semi-autonomous organisation.

Rewarding Blockchain Innovation With CrowdstartCoin XSC

Some weeks ago, our friends over at Crowdstart Capital announced that they would donate a large chunk of their crypto currency CrowdstartCoin XSC to the European Blockchain Association. You can imagine how happy we have been! 

The way, the Crowdstart team has been distributing XSC until then, you could call ‘reactive’: they have screened Github for valuable code that had been added to the blockchain ecosystem. Then, developers were rewarded with XSC for their completed jobs and projects.

We want to turn this process upside-down: since there is so much work to do – not only real programming, but also research, marketing, and even administrative work – we have decided to put projects out for tender. The projects will be diverse, ranging from technical ones; i.e. coding, to communicational, administrative or marketing tasks. All  projects will be rewarded with CrowdstartCoins XSC. Here, find the first invitations to tender.

Each project will contain:

  • Project title and description
  • Contracting entity
  • Deliveries
  • Schedule
  • Reward in XSC

Initially, projects will be announced and XSC will be provided by the EBA. Later, after XSC have become more evenly distributed,  EBA member can announce projects themselves and reward suppliers with XSC. If you plan to put a project out for tender yourself, add it to our #innovation Slack channel. The EBA team then takes care and adds it to the list of actual projects. Looking forward to seeing many innovative and helpful ideas popping up and being rewarded with XSC!

The European Blockchain Association XSC Reward System – Combining Intrinsic With Extrinsic Motivation

The European Blockchain Association – as a decentralised semi-autonomous organisation – relies on the active participation of its members. Beside acknowledging the intrinsic motivation of each EBA member to actively add value to the ecosystem, the EBA supports and rewards useful community activities by distributing crypto currency CrowdstartCoin XSC.

CrowdstartCoin XSC is an ERC20 crypto currency that was created in 2017 by Crowdstart Capital CSC in order to reward developers who add valuable code to the blockchain ecosystem. During the launch of the European Blockchain Association, CSC decided to donate 40% of its total XSC supply to the EBA.

EBA will provide each new member at the successful membership application with the same amount of (free) CrowdstartCoins XSC. In the first phase, each new member will receive 2.000 XSC.

The EBA uses CrowdstartCoin XSC for two purposes: first, XSC will be rewarded to EBA members that add value to the EBA community, and second, XSC will serve as the internal currency for the exchange of goods and services within the EBA community. Please see below the first version of the EBA benefits catalogue with the respective amounts of XSC per benefit and per year. Each member may make use of her CrowdstartCoin XSC to pay for the respective benefit provided by the EBA.

European Blockchain Association Benefits Catalogue
(All amounts of XSC as per year)

500 XSC – Digital use of the official European Blockchain Association logo
1.000 XSC – Use of an individual European Blockchain Association eMail address @eublas.org
2.000 XSC – Offer consulting, graining and other services to European Blockchain Association members
2.500 XSC – Lead a working group
3.500 XSC – Start a local European Blockchain Association hub
5.000 XSC – Start a national European Blockchain Association hub

This catalogue will be changed and extended over time. If you have questions or suggestions regarding the catalogue, feel free to join the conversation in the official EBA Slack channel eublas.slack.com.