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Author Topic: colored coin trading / exchange  (Read 709 times)
virtualgrowth
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January 20, 2016, 10:32:41 PM
 #1

Wondering what ways would be best for possibly using colored coins in a game that could be exchanged on an exchange or person to person transfer.  Either through a wallet or website.  Have found some possibilities and was looking to learn a little more.
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poloskarted
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January 21, 2016, 02:02:35 AM
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Have a look at what spells of genesis is doing for some inspiration. It's the most mature Bitcoin based implementation  I'm aware of.

Also, Tokenly on GitHub provides a suite of tools enabling Bitcoin based tokenisation / gamification. Rewards/assets can be traded on centralised or decentralised exchanges p2p after being acquired in-game.
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January 21, 2016, 04:45:39 PM
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Familiar with Spells of Genesis and Tokenly.  Will look into both of those further.  Thank you very much!
enet
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January 21, 2016, 11:06:50 PM
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Coinprism is a nice implementation for a wallet. I'm not aware of an exchanged based on it, but I'm working on one.
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January 21, 2016, 11:23:25 PM
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In upcoming nxt hardfork 1.7.4 "tomorrow I think" you will have "singleton assets" which only cost 1nxt fee and are designed specially for this you are mentioning.
poloskarted
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January 22, 2016, 12:36:06 AM
 #6

Familiar with Spells of Genesis and Tokenly.  Will look into both of those further.  Thank you very much!

You're welcome. Another implementation of meta-tokens being used in a game can be found in the iOS app SaruTobi [1] , [2]
it's fairly easy to setup using the indiesquare tools. [3].  You can view the distribution of the token here [4] , [5]
If you need help integrating tokens into your project, or for further inspiration you can find the community here: https://counterparty.slack.com/messages/indiesquare-wallet/

[1] https://itunes.apple.com/gb/app/sarutobi/id932194840?mt=8)
[2] http://themerkle.com/news/sarutobi-players-can-now-obtain-counterparty-tokens/
[3] https://wallet.indiesquare.me/
[4] https://blockscan.com/assetInfo/SARUTOBI
[5] https://coindaddy.io/search?network=xcp&q=sarutobi

virtualgrowth
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January 22, 2016, 10:32:08 AM
 #7

Had looked into some parts of the Sarutobi, Counterparty, and Coindaddy you have mentioned.  Will look at these all more closely.  Thank you very much!
enet
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January 26, 2016, 08:58:57 PM
 #8

so is there a ColoredCoin exchange yes/no, and which protocols does it follow? I haven't seen one. I know XCP and NXT as asset exchanges, and these assets are listed on coinmarketcap. if someone wants to some work in this area please let me know (coding, testing, ...).

This mentioned exchange is down and the coinprism board is not active.
http://blog.coinprism.com/2014/10/13/assets-on-colored-coins-exchange/
virtualgrowth
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January 27, 2016, 07:04:29 PM
 #9

Thinking an asset colored coin more in the form of NXT or XCP.  It appear colored coins from coinprism do not have an exchange to list on since the closing of masterXchange.
enet
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January 27, 2016, 09:11:39 PM
 #10

It seems like it. It is surprising there has been no interest in this yet. XCP and NXT do they trading on-chain. ColoredCoins would allow trading on central exchanges with high transaction times. There are likely other potential uses cases.
virtualgrowth
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January 28, 2016, 05:22:13 PM
 #11

Think part of the problem may be spam or scam coins.  Any such venture in this direction has had to low volume and demand to sustain towards any growth.  But there is some demand and growth being evident with XCP and NXT assets.

It seems like it. It is surprising there has been no interest in this yet. XCP and NXT do they trading on-chain. ColoredCoins would allow trading on central exchanges with high transaction times. There are likely other potential uses cases.

Think the high transaction times and lower trading fees may become useful at some point.  Maybe now just isn't he time.  As we are all growing and learning further in these crypto mediums.
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January 28, 2016, 06:37:59 PM
 #12

Nxt Framework has colored coins feature integrated. It is called MSCoin. It is really easy to create a own colored coin what is mineable and secured by the Nxt framework.

If you are interested, read this thread https://bitcointalk.org/index.php?topic=929548.0

Further, there are other frameworks like Counterparty where colored coins can be created.

virtualgrowth
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January 29, 2016, 01:41:06 PM
 #13

Thank you very much.  Will continue reading further.

Best Regards
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