Governance & Reports

We are building a transparent governance with our community. On that page you'll able to find a reports regarding the main decisions that we are making as a team, that in charge of managing BlastUP.

0x1971e74a10f058f2777de6239ca8c24280cce7163f5e7a36b487dfa66ec6ceb2We are covering here:

  • Main decision regarding product, sub-product

  • Reports of spending the funding

  • Changes in management or its structure

  • Other important for BlastUP's community events and decisions

All the reports is pointing on the addresses of the project operated under BitSafe Sentinel LLC and described in section Project's Addresses

Report dated 14 May 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 170,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Hiring more people to speed-up the product development

  3. Marketing management and direct marketing costs

  4. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0xdb020521978e09c82b00342ef0b4d70c4a913de1ab1ca9ee3c3e1f92e2e837ba from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 8 May 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 184,000 USDT that located on pre-sale wallet in Polygon network (matic:0xeF879C736A7600D5C3A06983591FE7c39042743C).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Hiring more people to speed-up the product development

  3. Marketing management and direct marketing costs

  4. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0xd5b322c1e732bcc7596c88fa79ed100c6378cd0624e176b2389776f7c44da1c2 from Pre-Sale Wallet (matic:0xeF879C736A7600D5C3A06983591FE7c39042743C) to BlastUP Operational Wallet (matic:0xd2D1F27553d881B1D022d491677F2D47Eaad41bb).

Report dated 23 Apr 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 211,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

To increase the B-USDT amount we decided to do an exchange from BNB to B-USDT via Pancake Swap when was generated a tx 0x6b99997fcee25d02c6a4b5af9537b103444128850aa1dbd6bc1d080442738725

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Hiring more people to speed-up the product development

  3. Marketing management and direct marketing costs

  4. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0x59c5869c5f55cd138d98aa5244e110576a86637de63a3729a3cf2d9db2671e2c from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 16 Apr 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 150,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Hiring more people to speed-up the product development

  3. Marketing management and direct marketing costs

  4. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0xb17bdd016e70af3b8c8788c6a6fd3703e3b5ca8f488761f6c8a630a51ff419e6 from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 09 Apr 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 224,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Hiring more people to speed-up the product development

  3. Marketing management and direct marketing costs

  4. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0xe4c248c04860e5c6297ee0a3a1cca5a10a32c0d72e9bddac95b6ed3985769e5e from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 02 Apr 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 195,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Hiring more people to speed-up the product development

  3. Marketing management and direct marketing costs

  4. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0x6637eb11becd4fdba3900da5c15b5c1102581222ab88f6826a546de228b51599 from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 29 Mar 2024 - Decision to Convert Crypto Assets to Stablecoins to Mitigate Risks

In light of the volatile nature of the cryptocurrency market, our project has made a strategic decision to convert a significant portion of our investments in Binance Coin (BNB) into stablecoins. This report outlines the rationale behind this decision, the benefits of using stablecoins, and the expected impact on our project's financial stability and risk management strategy.

We are conducting on the processes on multisig's accounts of BlastUP projects via DEXes, what means that we don't do any funds withdrawals or such actions.

There are transaction that were executed to done the conversation below.

BSC:

  • Transaction (BNB to USDT swap): 0x98febbc8a69fbebbcb8a993286d5c1e38c0194bb4918a1235e39de64d9aa228e

Report dated 21 Mar 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 186,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Hiring more people to speed-up the product development

  3. Marketing management and direct marketing costs

  4. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0x33bf96f7e34d0d852faf032a00b14ce31fc19666ce7a6a9d3e78781b457e81b9 from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 19 Mar 2024 - Decision to Optimize Allocation of Ethereum

In light of the target that we have to store in Ethereum more than 50% of funds that we are using for the project we have made a decision to do a conversation USDT-ETH.

We are conducting on the processes on multisig's accounts of BlastUP projects via DEXes, what means that we don't do any funds withdrawals or such actions.

There are transaction that were executed to done the conversation below.

Ethereum:

  • Transaction (USDT to ETH swap): 0x1971e74a10f058f2777de6239ca8c24280cce7163f5e7a36b487dfa66ec6ceb2

Report dated 15 Mar 2024 - Decision to Optimize Allocation of Ethereum

In light of the target that we have to store in Ethereum more than 50% of funds that we are using for the project we have made a decision to do a conversation USDT-ETH.

We are conducting on the processes on multisig's accounts of BlastUP projects via DEXes, what means that we don't do any funds withdrawals or such actions.

There are transaction that were executed to done the conversation below.

Ethereum:

  • Transaction (USDT to ETH swap): 0x1971b73b8b1568b0b147cd1d81980807192516d192aab99865a019381769be9c

Report dated 14 Mar 2024 - Decision to Convert Crypto Assets to Stablecoins to Mitigate Risks

In light of the volatile nature of the cryptocurrency market, our project has made a strategic decision to convert a significant portion of our investments in Binance Coin (BNB), and Polygon (MATIC) into stablecoins. This report outlines the rationale behind this decision, the benefits of using stablecoins, and the expected impact on our project's financial stability and risk management strategy.

We are conducting on the processes on multisig's accounts of BlastUP projects via DEXes, what means that we don't do any funds withdrawals or such actions.

There are transaction that were executed to done the conversation below.

Polygon:

  • Transaction (MATIC to USDT swap): 0x1cae11aa1f9f4dca463230f95c814ce7964b28973c4e01a2864782174c3653f5

BSC:

  • Transaction (BNB to USDT swap): 0x8c4864c656b1127e770fa6487061bd021deea3c8db5da5ac6fb0f5161a22f236

Report dated 13 Mar 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 186,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Marketing management and direct marketing costs

  3. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0x674e7e97103b56181edad2f5a5a77f9b2d149cf05d56481b87b55dd67f63cbc0 from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 12 Mar 2024 - Deployment of $BLP token contract

$BLP token contract was deployed to the Blast Mainnet and all the amount were pre-minted for future distribution by the team.

$BLP token is ERC20 that have been placed on the address 0x33C62f70B14C438075be70defb77626b1aC3b503.

Information about the token was added on the Project's Addresses section.

Report dated 06 Mar 2024 - Funding for Development, Marketing, and Infrastructure Payments

To cover part of expenses that the BlastUP team had in February, and plan to have in March the team decided to use 200,000 B-USDT that located on pre-sale wallet in BSC network (0xc8C3E62e5Ee96551499081C6814EB327642121Dc).

The funds will be used to cover:

  1. Development of the product inside the team for full-time and part-time contractors, that building and creating the product

  2. Marketing management and direct marketing costs

  3. Infrastructure costs like servers, DNS providers, CDN providers, libraries, web3 infrastructure agents (node providers, etc), internal and external communication & management services (Intercom, Slack, etc.), legal.

To execute the steps above the team has done a transfer on BSC Network with TXID 0x3eb8bf86536633a6e7a4dc651ebea04fdcb053e86e9a85fe1e1497992a5e0157 from Pre-Sale Wallet (0xc8C3E62e5Ee96551499081C6814EB327642121Dc) to BlastUP Operational Wallet (0x635B6D934409751Ed6A423FF4baB9E1Fd01fcA6b).

Report dated 04 Mar 2024 - Decision to Convert Crypto Assets to Stablecoins to Mitigate Risks

In light of the volatile nature of the cryptocurrency market, our project has made a strategic decision to convert a significant portion of our investments in Ethereum (ETH), Binance Coin (BNB), and Polygon (MATIC) into stablecoins. This report outlines the rationale behind this decision, the benefits of using stablecoins, and the expected impact on our project's financial stability and risk management strategy.

We are conducting on the processes on multisig's accounts of BlastUP projects via DEXes, what means that we don't do any funds withdrawals or such actions.

There are transaction that were executed to done the conversation below.

Polygon:

  • Test Transaction (1 MATIC to USDT swap): 0x41343d2f1fb1c0f2dcf91becfbd33db05b2ff1aaf4d13bbca1a8071825762237

  • Transaction (MATIC to USDT swap): 0x97fe1308db483d1f3a5597b93bc9b4cb8dd8de2547efd75267a1348f76b6a8e1

BSC:

  • Transaction (BNB to USDT swap): 0x952028777142cb56a3a01f8a0e6d5288bf3664209928d9a4bf325d720024a73a

Ethereum:

Transactions (ETH to USDT swap):

  • 0x8c1692d7b8cc91655c352bf28259e59903d5dc861ae8896d074b5d065ba7ec18

  • 0xb403ec970c6b419d908c1ff34f653de5e3361de4517ab55d0944ba797d1c500f

Last updated