Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.

Tezos takes a fundamentally different approach to governance by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.

WARNING:

This is the price of HitBTC XTZ futures. HitBTC does not allow short-selling their futures; only previous purchasers of the futures can sell them. This means that the price is likely significantly higher than the price that would be determined by a market that allows short-selling, which would be more indicative of the true market value of XTZ

The contribution period starts on Saturday, July 1, 2017 at 6 am UTC and will last for 2000 bitcoin blocks, which should correspond approximately to 14 days. The minimum contribution is 0.1 BTC amounts smaller than this are considered donations.

Bonus Schedule - 

• Blocks 0 to 399 : 20%
• Blocks 400 to 799 : 15%
• Blocks 800 to 1199 : 10%
• Blocks 1200 to 1599 : 5%
• Blocks 1599 to 1999 : 0%;

Contribution terms