Smart contracts are a bit closer to connecting to dynamically checking for functions related to events but they still have a very large gap to fill when it comes to real world events. I don't see how a simple crypto could reward good deeds in a fair way though. The concepts just keep getting more crazy.
Basically we're implementing TensorFlow to identify genuine deeds that meet all the criterion.
The problem is that we still see ways that people can use to exploit the system. In our main project, we have projects that in order to be successful, the users of our platform absolutely NEED to have confirmation that a certain service happened after the transactions occurred. It's even more complex than that because there is also a NEED to show an inventory that led to a certain price.
What we're doing here with this simple crypto, is a sandbox project as stated in our main site.
The deeds are important for us to document the results. It is not a sustainable crypto in the sense that can live off the implemented deed model forever, once a certain amount of deeds are done and the escrow wallet gets depleted from burning tokens, it shall remain as a store-of-value token.
We've already been able to document interesting behaviours which are already shaping certain parts of the main project.
After stating here that there's no clear exit point, it is also safe to say we'll likely be allowing LEVi tokens to be used on the ICO of the main project which, again, there's nothing like it around. I know that gets thrown around a lot, but we're not just using blockchain, but VR, AR, Haptics, Data Viz tools, in a plan that involves and promotes local economies around the world, all whilst putting off an industry that relies on a model that's highly corrupt. In due time this will be announced properly with all the details you can wish for.
Meanwhile, we want to explore avenues with the LEVi project that are much similar to what steem it is doing with their blogging platform, where even though steem is decentralized, the platform itself isn't, for very plausible reasons.
We'll not abandon projects that's for sure, mostly because the main project taps into a dysfunctional trillion dollar industry and includes a humanitarian aspect that is to be merged into a gamified platform. And that is huge, too huge to dive head first into it without running some tests. Sorry to be too cryptic about it, but that's as much as we feel comfortable saying right now. We want to avoid competition at this early stage.
As for smart contracts, they're nice and will be implemented in some parts of our main project but they open doors for problems that can lead to lost funds in the problem we're trying to fix.
Feel free to ask any questions..
