On Sunday, developers of the Flipstarter.cash project announced the start of private testing for the platform’s BCH assurance contracts and the team also revealed the first two funding projects. One of the first funding goals will be raising bitcoin cash for the nonprofit food charity Eatbch in Venezuela and South Sudan. Additionally, Flipstarter hopes to raise $500,000 toward BCH infrastructure development and suggested a list of six full node teams that could leverage the application.
Flipstarter’s First Two Campaigns: Eatbch and Six BCH Full Node Teams
On February 18, news.Bitcoin.com reported on a voluntary financing application for Bitcoin Cash called Flipstarter. The platform aims to be a noncustodial funding application similar to Mike Hearn’s Lighthouse project. When Flipstarter developers revealed the creation they detailed that the system would leverage BCH assurance contracts via an Anyone-can-pay Sighash. The project announcement was welcomed by the community and some people believe Flipstarter could be the answer to the ongoing Infrastructure Funding Plan (IFP) debate.
— flipstartercash (@flipstartercash) February 24, 2020
Following the original announcement, Flipstarter published another read.cash blog post giving the public more details about the project’s initial goals. The first two goals will attempt to fund BCH infrastructure and the BCH community’s most popular charity Eatbch. Fund one’s campaign for Eatbch will start as a public beta as the developers have announced:
We have a lot of respect for the EatBCH volunteers in Venezuela and South Sudan.