(…)
Additionally if a developer can't code with ethers platform in the situation this is easier, are we sure we would want them as a developer?
(Serious questions, not intending to troll)
You think of new tokens as kind of currencies, but this is not what Minereum can and should be used for. What it does, is create a token which has no other utility, than to have a name, an address and a number of existing tokens. This doesn't sound like much, so here is a possible use case:
Dave wants to make a crowdfunding for Poker playing cards made of carbon sheet. He is a great designer and knows that they will look kick-ass, but he doesn't have the funds to preproduce, then sell them. So, he makes a crowdfunding. He decides to make a limited edition of 2500 sets.
2500 investors think his playing cards will be great and want to buy some. So, they send Dave money and want to get a set of cool carbon playing cards, once they are made.
Now, Dave has a problem: he somehow has to manage the contact details of 2500 investors.
To keep things easier, he creates 2500 tokens, using Minereum and calls the token "Daves Carbon Playing Cards (DCPC)". Every investor cand send an ETH address and will get a DCPC token in return. Once, the playing cards are ready for shipment, investors can go to Dave and claim their set of playing cards. To prove that they are eligible, they send in their token to an address Dave holds.
Just after the crowdfund is done and Dave is in production, some major Poker blog posts an article: "Dave is about to make some bitchin' carbon playing cards, guys! Sadly, there will only be 2500 sets and they are all sold out…" In a normal crowdfunding, this would be the end of it. At best, investors could wait to get the set, then sell it on Ebay.
With tokens in place, Investors can decide to sell their right to receive a set to someone else, even before the product is done. In the above case, the poker world is suddenly raving; poker forums and message boards fill up with people wanting those cards baaaad and bidding double, no, ten times the original price. Investor Michael thinks, that he doesn't really need a set of playing cards made from carbon. Plus, he has kind of a gambling problem, so having nice Poker cards incoming might not be the best idea. Susan, on the other hand, has seen the crowdfunging campaign too late, but would love to get her hands on a set. So, Michael and Susan make a deal and she buys the token. She also subscribes to Daves mailing list, so that she knows when the playing cards are done.
Once, Dave has all 2500 sets ready to be shipped, he sends out an email, informing everybody in the mailing list, that the sets are ready. Susan wasn't an original investor, but she can still prove her right to get a set by sending her token to Daves address.
Ok, that was wayyy too much text for saying a very simple thing, sorry
No worries it was actually quite informative and I never considered it usable in such a matter.
Thank you.
Show Posts
