Bitcoin Forum

This is the forum thread for the 660 000 000 non reissuable waves token Marquise Museum Liquidity Token-II.

The purpose of this minting is two fold:

1) Deliver market liquidity while pegged to Collectible Token-I with a max supply of 66 000 which is not as liquid due to coupling with redeemed product inventory

2) Avoid multiple redeems by users swapping the same token to another persons wallet without buying it from exchange

3) Privacy. You only specify redeem location when you choose to redeem, whereas with M1 alone you would need to specifiy personal info during procurement phase to avoid multiple usage of same coin.

I figured the logistical challenges of keeping track of all M1 tokens when users wish to redeem for products will be very time consuming so I made this swappable 660 000 000 M2.

M2 is based on M1 with the exception that holders of the former need not be in possession of the artbook or other proprietary Museum Exhibition inventory. M1 is a low liquidity proof of ownership token, think Berkshire hathaway, or A vs B-stock, or fractional reserve (disclaimer: this is only for comparison purpose, this token is not a security).

To celebrate this launch, I will use Purple bold in this thread

http://wavesexplorer.com/tx/BS1KFNR8zrXKBEWdUUvpaP6G57Hic3aESkwK7qQKdLpB

Since I made the first Token I wanted to make a high supply high liquidity token and this will probably be the one that will be transformed into a masternode/pos private chain later on.

So what's the value proposition of M2?:
M2 is more convenient for everyday small purchases whereas M1 is not due to decimal spacing. M2 doesn't require physical transfer of redeemed products whereas M1 should always be coupled to proprietary Museum inventory during peer to peer transfer to safe guard product integrity.

Thus, M2 is Marquise Museum Light while still pegged to M1 core value. 10 000 M2 is required to redeem 1 M1 together with the physical product that will then be sent to your specified shipping location.


I will aim to get both M1 and M2 listed on the same exchanges, but chances are M1 daily volume will be too low since it can only be transfered together with the physical product, it's a pure collectible with 100% store of value, M1 could be viewed as an asset class, M2 as the currency.

Buy it here on desktop pc:
https://wavesplatform.com/

Add ticker Marquise Museum in add coin field

Hi,  I'm Andrew Rosenbaum, an expert on crypto whitepaper writing. I see a great many ICOs in my business, and this one by Marquise Museum is one of the most intelligent ones I've seen in a long time.

Marquise Museum will be the first blockchain-backed redeemable curator of art, enabling trustless proof of authenticity for works of art, combined with a decentralized market for exchanges. Tokens provide access to the system, and so provide value.

The scheme effectively cuts out the middle man -- the auction houses. Valuing works will take place in a fluid secondary market instead of via centralized bidding. This permits determination of value from, for example, a small number of collectors rather than  requiring a massive global participation for each sale.

The solid business created by the exchange will provide a durable source of value for the tokens, which will appreciate as the business grows. Unlike bitcoin, which gains value only from scarcity, Marquise Museum tokens will appreciate in value n the same way that Ripple's XRP tokens have, from the strength of a growing business.

Bounty is on:
https://bitcointalk.org/index.php?topic=3057122.msg31484020#msg31484020

Very promising project, I will follow the development of the project with attention.