Creditbit is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software.
The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
In their latest update on Bitcoin Talk, Creditbit announced the bounty awards for Promoters offered, along with explaining their Distribution Mechanism.
The update announced the open invitation to all promoters, journalists, blockchain and tech enthusiasts, Ethereum addicts to join the Creditbit Promo Team.
Creditbit believes this to be an opportunity for the Creditbit community to show their trust for the project and the Creditbit community itself.
Creditbit announced the offering of some symbolic bounties before the migration and before establishment of Dev&Promo Fund. They further added that they seek innovative, qualitative approach, as they would like to promote CreditBit to broad public.
Migration, Proof of Pawn/Trust Distribution Mechanism and Dev&Promo Funds are the three Minting Processes.
Migration: the tokens will be initially minted for a purpose of exchange for current CRBIT coins. Migration will be executed through web site, after each round a minting process will be fired, all tokens will be distributed to respective depositors of CRBIT coins.
Dev&Promo Funds: Community would be asked to allow the minting of certain amount of tokens and deposit them on three dedicated Funds- Development Fund,Community Development Fund and Promotional Fund.
Creditbit wants to reach out to the crypto community with this move to attract promoters and reward them with bounties. Their main goal is to spread a word about migration and its benefits, new minting and distribution process, attributes of new token and subprojects as CreditGAME and CreditIDENTITY. For the people who are interested, more details will be published next Tuesday (14.2.2017).
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