Bitcoin Forum

Federation Coupon System


Federation Coupon system creates 2 types of coupon for given FedCoup token. These coupons called as B coupon and S coupon. B coupon symbolically represents coupon for Buying things, services etc., S coupon symbolically represents coupon for Selling things, services etc.

Idea here is, when user gets B & S coupons for given FedCoup token, user can transfer or accept B coupons. When B coupon accepted, the equivalent number of S coupons will be deducted from acceptor’s account. Doing this process, the equivalent FedCoup tokens will be returned to the acceptor’s account.
 
Essentially two processes involved in the FedCoup system. In split process, the given FedCoup tokens will generate two coupons (B & S) and in merge process (accept process) the given B coupon merged with S coupon and generates FedCoup tokens back.

 https://github.com/FedCoup/FedCoup/raw/master/Whitepaper.pdf  (https://github.com/FedCoup/FedCoup/raw/master/Whitepaper.pdf)

http://fedcoup.com/ (http://fedcoup.com/)

reserving for filipino/tagalog and/or esperanto translation please. i have done many translations in this forum.
one sample of my work  Monaco Whitepaper : https://drive.google.com/file/d/0BwcYZ7heMjEWVC1PNEhFSzJBMms/view?usp=sharing
thanks and good luck with this project !

Sure iTradeChips, will let you know when its needed.

@Tizen_Pd, could you elaborate your comments?

could we have more info please?

really i don't get it?

@ntsdm1, the concept explained in whitepaper. The token details will be added later.

@BrickShares, lets explain the sample scenario as


BrickShares -> buys 10 FedCoup token -> converts FedCoup token to  900 Bcoupons,  1000 Scoupon

Alice -> buys 10 FedCoup token  -> converts FedCoup token to  900 Bcoupons,  1000 Scoupon

BrickShares gives 500 Bcoupons to Alice for trade or nothing -> FedCoup contract deducts 500 Scoupons from Alice and returns 5 FedCoup token to her

The first process is the split process. Here, you convert FedCoup token into S & B coupons. The second process is called merge process. Here, you accept B coupon from another user and during that process, FedCoup contract deducts equal amount of S coupon from another user and returns FedCoup token for that user.

i want to reserve chinese translation for the announcement. if you are interesting it please PM me next time.. thanks a lot sir..

Sure admosfir.

good idea ,when will release FedCoup?

@albus9981, the release date is not yet decided. The contract development is in progress, will update the status here.

thanks sir, i will do it. give me a little time.

@admosfir, Whitepaper is in review stage. Will PM you when needed for Chinese translation.

chinese translation for this thread done sir..
this is the link: https://bitcointalk.org/index.php?topic=2084588

Thanks admosfir for the announcement translation.

any slack to discuss things ?

@CasioK, will open Slack once ethereum contract deployed.

FedCoup contract development repo - https://github.com/FedCoup/FedCoup

oke sir, waiting for it..