Title: [ANN] BAGUETTE EGALITE ($BLE) - reality-based currency, and cursor of value [BSC Post by: valeur_reference on April 16, 2022, 01:13:45 AM -=* BAGUETTE EGALITE ($BLE) *=- A concept-token of reality-based currency, and cursor of value for other cryptos Name: BAGUETTE EGALITE (From the french "Baguette égalité") Ticker: BLE What : $BLE is a BSC-based token (BEP20) aiming to solve several problems inherent to crypto currencies and the crypto ecosystem. Its two main purposes are to act as a real currency for sale/purchase of physical goods, and/or become a cursor of value for other crypto-currencies. $BLE sets its value based on the value of a real-life item and sets trading rules for the purchase of goods based on the concept of *intellectual consensus* (explained in next posts). $BLE can be used to assign "ground-floor" values to other crypto currencies without resorting to FIAT currencies. More detailed explanations below. Circulation: -Current total supply : 200,000,000,000 (two hundred billions) tokens. Of which: -140 Billion tokens in contract(tradeable) -59 Billion and 998 million tokens retained by dev team for marketing operations, promotional offers, airdrops, etc... the remainder of this part will be sent to the contract once sufficient marketing has been achieved. -two million tokens awarded as bonus for developers and associates Ownership: Dev team retains ownership of the contract for the moment, ownership will be fully renounced once sufficient marketing has been achieved, or at march 6th 2023, whichever happens first. Minting of new coins is extremely unlikely to happen but could happen due to unforeseen consequences. Contract address(BSC): 0xb5a309C69a5E00d14C0b06d64d776F3a3898d9e7 The source code has been verified and published on BSCSCAN. https://bscscan.com/token/0xb5a309c69a5e00d14c0b06d64d776f3a3898d9e7 poocoin link https://poocoin.app/tokens/0xb5a309c69a5e00d14c0b06d64d776f3a3898d9e7 The token can already be traded on PancakeSwap at this moment, other exchanges to follow. . Title: Re: [ANN] BAGUETTE EGALITE ($BLE) - reality-based currency, and cursor of value [BSC Post by: valeur_reference on April 16, 2022, 01:30:32 AM MORAL CONTRACT OF BAGUETTE EGALITE There is a "moral contract" that must be accepted by all entities who start to use $BLE as a currency for the sale/purchase of physical goods. I insist on the notion of "physical goods" as there are no supplementary rules for the purely financial trading of $BLE (on crypto exchanges for example). Any kind of financial speculation is allowed because devoid of consequences on the long-term existence of this token. The following rules only apply once the currency is used for real-life trade of physical goods. These rules have been stored in the token's smart contract as nine string variables (simple comments would have been removed during compilation) and can be retrieved by code from another contract (by a simple "emit" command for example). They don't really serve any purpose in the code but remain embedded there forever, as a reminder and authority. "The usage of baguette-egalite coin as a currency to sell or purchase real physical goods is only authorized under the following conditions:
code-embedded version below Code: "The usage of baguette-egalite coin as a currency to sell or purchase real physical goods is only authorized under the following conditions:", It's a "moral contract" and there is no physical authority to enforce it, therefore the adequate usage of this token relies on the good-faith agreement of both seller and buyer, in what I call an "intellectual consensus". Both parties must be watchful and fall into agreement on the price of the articles exchanged before finalizing the sale. It should be a trivial matter in most cases, and in case of disagreement they should refuse the transaction. For example, I assume that per traditional usage the seller should have the authority to set the price, and the buyer should have the authority to accept or refuse it. As I said there are no rules for the financial trading of this token against other crypto or FIAT currencies. This bears strong consequences, notably in price variability on the exchanges. We have considered the possibility that this token could reach prices notably different from the price of an actual bread baguette. For example it could sell for one hundredth of a dollar or, on the other extreme, for one thousand BITCOINS. We have come to the conclusions that this purely financial price variability will become irrelevant in the long term. And that if the coin becomes adopted as a common currency, arbittrage market forces will slowly, over time, level it to adequate values. Of course this financial stabilization will only happens over time, so there could be chaotic value shifts in the value of this token during the first few years. Maybe some cutthroat speculation from outside forces, anything is possible... For this reason, we also do not recomend to use this coin as a speculative asset. Baguette égalité token was created for the real-life use-case, and this real-life usage could be detrimental to the expected financial profits (appreciation or depreciation) from financial speculators. The $BLE smart contract doesn't do anything fancy. It's a dumb passive coin, and except for the aforementioned strings, it follows the standard BEP20 code from Binance. It can be audited by anybody on BSCSCAN. Title: Re: [ANN] BAGUETTE EGALITE ($BLE) - reality-based currency, and cursor of value [BSC Post by: valeur_reference on April 16, 2022, 01:46:54 AM HISTORY How it came to be The value of crypto currencies have quickly become a topic of dispute, over the short decade that they have existed. The patriarch BTCitcoin has come to be dubbed "the coin you can never sell" by some people, due to the uncertainty of how high a value it could reach in dollars (after you've sold it). It is notorious that in the past, BTC owners have sold their coins at less than $0.01 a unit, and it was once common to use it to buy subscriptions to porn websites, or to tip "performers" (for several bitcoins at once!) Now that BTC is worth above 40 thousand dollars per unit, you can bet several people regret their purchases from back then (or don't regret....hopefully some of them don't regret) More recently, in January 2022, elon Musk decided that you could buy Tesla accessories using Doge coins. My first thought was "wow, that's great, the price of $DOGE will skyrocket! And even if it's just accessories, it's great that crypto currency finally gets a real life value as a currency..." The price did indeed experience a short-lived pump but quickly dropped back to its averages. Then the though dawned on me that if the price did indeed go ballistic then either TESLA motors would have to constantly revise their accessory prices in DOGE to follow the DOGE value, or the accessory buyers would stop buying overpriced accessories. In any case they would be sure to experience great buyer's remorse once DOGE went from $0.17 to, say $2000. All these considerations cemented the idea that crypto currencies were not mature enough, not totally usable as an actual currency in real life. Something was missing... Here are the problems that were identified:
Enter the baguette For more than sixty years, the price of the baguette has been monitored in france, looked as a barometer for inflation it has been steadily recorded, year after year, and suddenly, this appeared as the thing we were looking for! And....well, I'll make it short because I've already written a lot, we created a reverse barometer for crypto, and what better symbol than the traditional french baguette. It's a mainstream staple food in many european countries, simple, easy to break and divide,its low price can help generate a high-volume low-price economy to jumpstart the token with full confidence. The baguette is an elegant model to set value and prices, it is a simple object, made from few raw materials, but it also involves a bit of human workmanship. It is also sold in very high volumes in france and other countries and resistant to market turbulences. Title: Re: [ANN] BAGUETTE EGALITE ($BLE) - reality-based currency, and cursor of value [BSC Post by: valeur_reference on April 16, 2022, 01:54:42 AM Purposes Baguette-égalité token will serve two purposes and both goals can be attained independantly, and also strengthen each other: -Become an actual currency, that people won't be afraid to spend -Become a cursor of value for other crypto, like a reality-backed stable coin, independant from geopolitical or economical threats A third purpose also emerges; The token is a provider of stability on consumer prices. It severely impedes inflation. Circulation We set the initial (and hopefully final) supply of the coin by a simple multiplication. We consider around ten billion people on earth and we give each one of them the opportunity to buy ten baguettes of bread each(or the equivalent amount in varied food ). Then we took this number and multiplied it by two for security. |