(XF₲) Fuego 🔥 Decentralized Privacy Banking Network (POW)

[aejontargaryen]

On chain deposits would eventually allow for a defi prerequisite, if nothing else.
We should also consider ways to create our own community pools of XFG swaps
such as TipBot Swaps in Discord but using web face.
Deposits will eventually require an off-chain payment token too.
Which would be ideal for its own decentralized XFG swap pool.

[c6mining]

Unfortunately, no. I took a pretty long hiatus on cryptos, so I'm not up to speed on anything anymore.

[aejontargaryen]

It’s poppin 

[c6mining]

I liked the ease of use and limited signup of Altilly... just not their lack of security 

[aejontargaryen]

Same. I lost a pretty penny.

I understand too how the whole crypto media scene gets too overbearing to follow as a whole.
It’s so corporately manipulated which makes it easy to lose track of what is real.

[aejontargaryen]

It takes a large amount of fees for me personally to get USD into Tether then into Finexbox.
That’s why I like the idea of subscriptions exchange because it injects money straight into crypto market with privacy.  
Still, any additional CEX market pair for XFG is always nice.

[aejontargaryen]

I had an idea once about sending a wallet containing 100,000 XFG from development reserves to 3 different CEXs and seeing which one claims ownership of the wallet first.

[cryptomaxsun]

I had an idea once about sending a wallet containing 100,000 XFG from development reserves to 3 different CEXs and seeing which one claims ownership of the wallet first.

And what is the meaning of such an undertaking? To prove it or what to confirm? And why didn't they?

[aejontargaryen]

Simple game theory. If you operated an exchange and held a large quantity of a particular asset- its natural for anyone intelligent to do that which would increase the value of those holdings.

[aejontargaryen]

I vote that we instead offer 100,000 XFG bounty to high-level programmer(s) who can devise a key/signature scheme for completed-term deposit payouts (an XFG coinbase txn) that enable Fango users to enter a ‘proof-of-deposit key’ / txid / 0x address to receive newly-minted erc20 tokens as an off-chain interest payment for time-locked XFG on-chain deposits.

Something similar to transaction-private key where only the receiver of deposit payout would generate a one-time key. (C++)

Then connecting deposit payout authentication to smart contract minting function (solidity)

[c6mining]

That's over my head, but sounds good to me.

[aejontargaryen]

Awesome. What about deposit rates?
Does 800 XFG sound like too much for a minimum deposit amount ?

Could even use multiples of 800 XFG, as a multiplier. No max..
All payment rates can be adjusted thru voting rights by holders of the off-chain token.
Only deposit term durations (min & max) and minimum amount would need to be declared on XFG.
What do y’all think a good minimum duration is.

[c6mining]

Still over my head. I'm up for whatever is in our best interest.

[aejontargaryen]

Same.
Im just learning about a lot of the deposit lingo.
I’ll figure it out myself if we’re unable to find anyone to claim the bounties.

[aejontargaryen]

XFG BOUNTIES
1.Key signature proof scheme for Fango completed-term deposits (C++) (50,000 XFG)
2.Smart contract token minting payment function using said deposit proofs (Solidity) (50,000 XFG)
^{Current market value of 50k XFG ( $2000.00 )}

[aejontargaryen]

Been stuck on which platform to use such as Polkadot, ETH, etc.
Rather than choosing one platform to launch XFG deposit interest payment token -
We can instead do limited edition token placements on multiple platforms.
Each with its own interest yielding parameters configurable by its majority holders.

This same governing order would also determine if & when there will be further token editions & therefore new governing councils launched on additional platforms. The more tokens, the more instruments, the more options.
Essentially our own money market of further interest-yielding assets to choose from as payment for XFG deposits.  

[aejontargaryen]

Introducing..

($COLD) Red Mercury Edition - our introductory governance asset of COLD: Fango’s vote-driven DeFi Banking Suite & Asset Laboratory for off-chain interest payments on Certificate Of Ledger XFG Deposit yield.

Originally, our goal was to use total supply of Red Mercury strictly for XFG deposit yield, then later decided to use this initial release as a way for users to participate in governance decisions regarding COLD DeFi Lab as a whole. Therefore, we will open only this introductory asset to the greater public (available not just by Fango deposit only) to further increase odds of a wide range in the eyes & minds contributing input to this idea/machine.

Choose your adventure
Each owner holding a min of 0.1 COLD will be able to vote on project governance such as choices dealing with branding, project design, etc, while only those owning 1 COLD or more may vote on token protocol decisions, things like inflation rates and tokenomics of future financial instruments (supply, deposit rates, etc)  each constructed from choices made by this community of interested/vested users.

As of right right now, there is a fixed supply of only 80 COLD tokens, 11 of which, will serve as a ‘premine’ to a) make sure all XFG Elder Nodes receive 1 COLD for network stewardship (6 in all)  and b) to set aside a fair amount (5) to be earned thru interest on XFG deposits,  leaving 69 available. (Though, first vote at hand for tokenomic governance will be choosing between a) inflation being added to COLD supply or b) supply will remain fixed at 80)
Original token contract sale of 69 COLD @ fixed base price of
1 TRX = 0.000625 COLD and will begin on March 10 2021 at 23:30 UTC.
_{Not financial advice, no u.s. investors, forward looking statements, etc. etc. titles, titles..}

Ico will last until either XF₲ deposit scheme is implemented or all tokens are acquired at base TRX price.
In the event of unsold tokens, any remaining will be used as XFG deposit interest payment option.

Link to token contract

[aejontargaryen]

Our first project vote is in session. 🗳
^{You may need to verify you hold some COLD amount in order to join. 🔑}

[EL MAOGO]

Sissy mud shit my coins stayed in two failed exchanges I never claim the mud ,,,, mardita shit ,,,,,

[aejontargaryen]

The Road of the Long Game is indeed littered with failed projects, coins, and exchanges.

We’re just getting started here.

Fango could end up turning into more like shares to its own decentralized economy.

Or maybe it already is.