Fiat-to-Crypto Ramp Decision

The F2C ramp integration has been highly anticipated by everyone at BSCWIN since the mention of it on the January edition of the 2022 Roadmap. However, as things stand at BSCWIN the following needs to be brought to light and considered when trying to act in the best interest for our project.

Limitations and reasons against F2C ramp implementation right now.

🔷 Currently we don’t have the capability or legal advice team in place to market and advertise the Lottery in public. Lottery laws are different in every country and the vast majority require specific Lottery licenses. So despite having a F2C on-ramp solution for adoption we are still limited in our traditional marketing.

🔷 Taking a step back, the biggest most accessible audience for us as a crypto lottery giving out tickets that never expire, is the crypto community itself. There are 10 million monthly active users with Metamask wallets. Making sure we reach them would result in much better adoption and price performance of BSCWIN, compared to the efforts required in converting the public to invest in BSCWIN/Crypto, considering that they would already have a crypto wallet if they weren’t anti crypto.

🔷 F2C ramp implementation would cost $10K. That is currently 35% of our ETH Treasury, which could be otherwise used for marketing our project within the crypto space.

🔷 There are no long term studies showing that the proposed F2C ramp by Munch works flawlessly with any kind of credit/debit card provider. Being one of the first projects to trial and implement the ramp is a huge risk.

🔷 The F2C feature also has a breaking point, and that is the credit card provider. Therefore there is no guarantee that the F2C will remain live in the future, the credit card provider could flick the switch off at any given time.

🔷 The F2C was supposed to be released late December and is still yet to be live. This affected the original teams marketing strategy by putting a big hold in it. Are we to expect issues with the service in the future and have long durations of downtime?

We can always implement the F2C ramp at a later stage in time after having built a solid community, a strong price floor with bigger lottery payouts and a bigger treasury wallet where paying for the one-off F2C ramp fee will not impact our treasury funds as much as they would do now.

Please cast your vote on BSCWIN postponing a F2C Ramp implementation until the project is in a better position to advertise and effectively utilise such as system.

Options:

Yes - the above make sense No - I want it now