Q4 update

Previous Updates
Secured
-----------------------------------
ORIGINAL PLEDGES START
-----------------------------------
-DEVELOPMENT

--Fund projects & products that increase adoption of Factom

--Hosting and administration of Distributed Ledger infrastructures

--Create preconditions for external parties to take part in creating private, permissioned and public DLT infrastructures

--Research and development of DLT software

-MARKETING

--Increase awareness through marketing, hosting meetups, website, social media promotion, speaking sessions and boots at conferences

-TESTNET

--Contribute one Testnet node per mainnet node and at least one courtesy node

-OTHER

-- There is a dependency on the FCT/USD price, but from an FCT/USD price of $ 13.00 and upwards, BIF will defer 50% of the generated FCTs to the Grant pool.

--Provide regular income & expenses reports to the community

- PLEDGED EFFICIENCY

2 nodes: 50% *see remark above
1 node: 50% *see remark above
-----------------------------------
ORIGINAL PLEDGES END
-----------------------------------
Secured
Blockchain Innovation Foundation has updated it's efficiency from 10% to 35% according to our pledges in application.

We lowered our efficiency on 2018103 from 50% to 10% according to our pledges, because of USD price for FCT after having ran for months at a higher efficiency than pledged. As we now see price is climbing steadily we decided to increase our efficiency to 35%.
Current Update: Q4 update