Here are Community Updates of BOSAGORA for SEPTEMBER 2019.
Please see below for detail relating to technical development, business development & marketing and finance departments.
September was an exciting month for BOSAGORA as we successfully completed Full-Node development. At this point, the development team has shifted focus to developing Validator functionality. A validator is a superset of a Full Node that can do everything a Full Node can in addition to participating in consensus with other validators. Its function with regard to the network is similar to that of Bitcoin’s “miners”. During September the team pushed 112 commits to all branches and merged 58 Pull Requests.
Core Development in September:
Last month we had 58 pull-requests and 38 active issues. Of which:
- 6 pull requests proposed
- 58 pull requests merged
- 21 issues closed
- 17 new issues
Business Development & Marketing Update
In September, BOSAGORA has focused on strengthening the project’s fundamentals and to do so, we have been working on the project’s vision and revision of white paper. We are also pushing forward with global exchange listing efforts.
White Paper Update
We are revising and updating our white paper to be more precise and specific. First, we are going to clearly define the vision and philosophy of the project in order to establish our guidance. We are also reviewing and reflecting any technical matters that may not have been fully explained or requires correction in the original white paper. Once these key details have been set, the project’s identity will be clearer.
Global Business Development
BOSAGORA aims to create a platform that can contribute not only to commercialized businesses but also to the humanity. We plan to make concrete footholds through interactions with national and international government agencies, NGOs and NPOs. Recently, we held a commons and sharing economy meeting with Barcelona and Montreal City governments. Municipal officials were very interested in the BOSAGORA project and the introduction of Defora. They were especially interested in adoption of blockchain for the commons functions.
In addition, we will be attending global blockchain events and summits this year to actively engage with various companies and organizations in the blockchain industry. We will announce specific schedule and details in the near future.
We are continuously discussing with a number of global exchanges that can increase the value of the BOA token and to create win-win relationship together. We will continue to devote ourselves to achieve tangible results and any progress will be shared with the community.
Airdrop Registration Complete and Closed
BOSAGORA’s BOA airdrop registration period was from May 16th to September 30th. Due to overwhelming registration near the close of the airdrop registration, KYC and internal process for the airdrop will experience a bit of delay but as soon as all manual verification process is complete, we will execute the airdrop and close this chapter.
Through the August Community Update, we transparently shared our activities for the month. Additionally, KYC process guidance content (KYC, Coinbene UID) was created and shared with the community to support the exchange’s airdrop and three competent and passionate team members were introduced to the community with People in BOSAGORA.
- PEOPLE in BOSAGORA 11: Juyoung Jung, Development Team
- PEOPLE in BOSAGORA 12: Areum Cho, Management Support Team
- PEOPLE in BOSAGORA 13: Hyunjae Lee, Development Team
In the future, we will continue to work on reinforcing our vision and white paper, and with that, we will strive to establish a clear identity for the BOSAGORA project. We are preparing a website upgrade and providing a detailed and systematic PR plan to provide more efficient information. We will notify you as soon as results are in. Thank you for your attention.
Here is a detailed look at expenses accrued for BOSAGORA for the month of September To understand the attached document better, here is an explanation for each entry.
- Salary: Salaries for 23 full-time employees.
- Tax: Total of income tax and 4 major insurances (Korea specific)
- Reserves for Retirement Allowance: Provision for advanced payment to be paid when employees retire (Korea specific)
- Employee benefits: Members’ meal plans, snacks, team outings, etc.
- Hardware: PC and other necessary equipment purchasing expenditures for new entrant.
- Operating: AWS (Amazon Web Services) and groupware (collaboration tools) cost, marketing cost, business trips and related meetings, stipends, VAT and other relevant operational expenditures.
- Rent expenses: Office rental
- Commission: Translation, administrative and taxation outsourcing service fees.
- Professional fee: Intellectual properties (BOSAGORA, etc.) registration, accountants, legal services and other professional services fees.
- Administrative expenses: Others
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