Tokenista
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August 25, 2018, 04:43:07 AM |
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I wrote this april 23rd but it applies to any ability to create tokens not just through aura youstocks; we are all going to be creating tokens nowI want to explain how a few different things I have been talking about tie together, so that anyone who is following along and who wants to be involved, or who doesn't know they want to be involved but do after reading this, can get involved.
First, since this post is being written on Minds, I will start with Minds. I originally Joined Minds after someone gave me the link and asked what I thought of it, and I eventually found out it was real even though their is no Bitcointalk thread about it (I actually like that it's not being targeted at people who already own Bitcoins, but in the Crypto-World not having a Bitcointalk thread is a Red Flag usually, but not in this case); I Joined in order to start posting about Cryptocurrency, because I figured "What better place than a place using Tokens, not targeted at people that already understand it". Then I began to notice that Minds has a lot of people who are interested in deeper subjects than just Hillary and Trump and the day to day things you see on Facebook. So I began posting other things, and after a few days I created the Bio-Hacking group on Minds.
That brings me to the second point, after a few days, and seeing people's interests, I created the Bio-Hacking group in order to take advantage of the Minds Model. The idea of Minds is that we will get paid in Tokens for the Likes, and Reminds, and Comments, and everything we get on our Pages, but if we have a Group, we can all go find each other a lot faster. So when we are all getting Tokens, and earning Money on this Platform, and you are a Bio-Hacker; you can fund your Bio-Hacking simply by posting about something in the Bio-Hacking Group, getting Tokens for it once the Group is larger and Minds moves off of Rinkby, use that to Buy Nootropics, or Herbs, or SARMs, or a 40Hz Lucid Dream Head Shocking Device, or anything. Then you can take that an post about it in the Bio-Hacking Group, get more Tokens, and continue on. And we can all help each other that way. (I also created the "Starting Temples" group on Minds now also)
Now, the third part does not relate Directly to Minds. Before I even knew Minds existed I was studying different Ethereum based Blockchains, and actually learned how to make them and have posted that information on Steemit and shared that Steemit post here on Minds (ask me for it and I can send it to you and you can make an Ethereum Clone or Ethereum Fork). And while doing that, I found AURA (ARA), an Ethereum Clone, and I got in on it on the first day. Their Plan is to be just like the Ethereum Blockchain, allowing people to create Tokens and dApps, but they are creating the YouStock Platform, which will allow you to fill in simple feilds like "Number of Tokens", "Name", "Ticker", etc, then click "Create" or whatever the button will say, and you will have a Token. That is the YouStock Platform. And the AURA Developer already created the AURADEX, which is where these Tokens will be traded. We will not have to work to get listed on an exchange, we can simply list our Tokens on the AURADEX. YouStocks should launch in May according to the AURA Roadmap.
Then, about 2 Months after I found AURA, but before I found Minds, I found an Etheruem Fork called Expanse (EXP). Expanse is creating something called TokenLab, which is exactly like YouStocks, so we can also create Tokens there. TokenLab should Launch soon, and they are currently getting their EXP Token listed on an Exchange.
And soon after that I found EtherParty, which is actually just a Token on the Ethereum Blockchain and not its own Independent Blockchain, but they are creating something just like YouStocks and TokenLab, but it will be on the Ethereum Blockchain. So we can also use EtherParty. EtherParty is rebranding this week, with a new name and everything, and they will Launch their first product in June.
Now, while those are Launching and we begin creating our Tokens, Minds will move from Rinkby to Ethereum, and Minds users will start being paid in a Token, a Token that we can use to Buy each other's Tokens, or even our own Tokens. So we can literaly just earn Tokens from Minds, and use those to fund our own Tokens, and Vice-Versa. If we are all here on Minds talking about and Trading our Tokens, they Minds Token will go up in value.That is not everything, but that should give everyone a good idea of what is about to happen. I wrote this june 2nd but it applies to any capability to create tokens not just the aura youstocks any route worksFor anyone wondering "how are we going to make money with AURA Tokens?", I want to explain it for you.
So firstly, to understand what this platform is even going to be, you should look at OpenLedger, the Bitshares Platform, and Bitshares Assets.
https://cryptofresh.com/assets
Those each cost about 1 Bitcoin to make, it fluctuates, but usually the price is about 1 BTC. That means it costs multiple thousands of Dollars to create one of those. Then look at Ethereum Tokens.
https://eidoo.io/erc20-tokens-list/
Those cost about 5 Ethereum to make, which is about $2500. So to create one of those, you still have to pay a good amount of money, and it is not already on an exhange like the Bitshares assets are automatically on the OpenLedger Exchange. You have to petition to get your Etheruem Tokens on an Exchange, or sometimes pay the Exchange tens of thousands of Dollars.
Aura YouStocks will cost 1 or 2 Aura to make, which if you buy them right now, is only 2 cents each. So we will be able to create something just like a Bitshares Asset, or an Ethreum Token, for about 2 Cents (the price may go up, but if you already have some then it really only cost you 2 cents).
So now you may say, "That makes sense, but how does that turn into money?"
Now on to the second part. Say I create a Token and call it Constitution Token (probably won't be an actual token, but maybe, this is just an example for now though), and we use it to Angel Invest in Court Cases that we think will have Constitutional Significance. So now I have this Coin, and I could do an ICO and say "Buy them for 1 cent each, there are 100,000,000 of them, and I will use the proceeds to fund Cases"; but that is not what I am going to do. Instead I will distribute the Token for Free to anyone who wants it, and we will all have some of this Token. And maybe Constitution Token goes up to 20 Cents or 1 Dollar or whatever. But that is not where the value comes from. Now that I have my Token and it is distributed, now you can create your Token, say you may a Token for your City and you live in Denver Colorado. You make Denver Coin, and you start giving it out for Free. Now we both have Tokens distributed for Free to many people (this exampe will only include 2 Tokens, but we will be doing this with a much larger number of individual Tokens). What happens now is since we are both automatically on the AURADEX, the Aura based Exchange, made specifically for these Tokens. We can begin to Trade Constitution Tokens for Denver Coins. And say that we trade them 1:1, so for 1 Denver Token you get 1 Constitution Token. Now there is an exchange rate.
Now say my Token gets attention from my Court Cases, and goes up in value (or maybe the guy who Developed AURA gets some value in his coin, or someone doing an ICO gets some value in their coin), now you have some Constitution Tokens, and you still can get more for Denver Coins. And say your Denver Tokens are worth 0.00000 Ethereum, absolutely no Ethereum, but are worth 1 Constitution Token, and Constitution Token is worth 0.00001 Ethereum. Now you can take your Denver Coins, use them to Buy Constitution Tokens 1:1 until the price changes as you meet all the Buy Orders, and you can then take those Constitution Coins and sell them for Ethereum and get Ethereum, and you can do that until the price evens out. And you can use that Ethereum to give your Token value. Now there is a Market, with 2 different Routes of Exchange, where people can make Money simply trading on the Market.
And once you have a Market that is all you need. Now you can start speculating whose Tokens are going to go up in value, and start using your Tokens to stock up on their Tokens. And they can do the same with yours. And everyone can use Minds, and Prospectors Gold and other Platforms to bring more money in, plus tons of people already own AURA, and AURA will begin to fluctuate as this is happening. And once we have Tokens with value, then we can start also spending 1 BTC to create a Bitshares Asset on OpenLedger, and an Ethereum Token, and we will already have a Community around our YouStock Tokens that we can bring to the new Currencies. So then we can start using multiple Platforms to trade between, and begin making tons of Money.
And then people can start creating Silver Backed Currencies, and Chocolate Backed Currencies, and T-Shirt Backed Currencies, and Coins for their God, Coins for their City, Coins for their University, Coins for their State, or Coins for their Country,
Here is an example of what I am talking about, look at this guy's account on OpenLedger. Watch the left hand side of the page as you scroll down.
https://cryptofresh.com/u/cryptobridge
This guy probably started with BTS, then created 1 Asset of his own called "Bridge.something" then that got some value, and he used the profits from that to create another Asset, and another and another and another. But it is costing him something between $3,000 and $10,000 to make each of those (he probably started when Bitcoin was cheaper, and therefor Bitshares was cheaper and the price to create Assets was cheaper).
We will be doing the same thing, for 2 Cents each. And it wone't just be me doing it and saying "Hey everyone, buy Sasha.something, and Sasha.2, and Sasha.3", it will be a large number of people creating Tokens, and many of us will have a number of Tokens. And we will all trade each other's Tokens for each other's Tokens, and with our own Tokens.
We will literally be controlling Markets. There are Laws against this kind of personal Control of the Market in Stocks, and Trump called China a "Currency Manipulator" because Markets can be Controlled, and forced up or down. There are no Laws against personally controlling the Market with Cryptocurrency. In Cryptocurrency that is just called being a Whale.
And for anyone who read this and is asking themselves "Are we benefiting from the loss of others?", the answer is "No, as long as you pay attention and get in early and if you come in late don't let the FUD allow you to lose money; and you should make your own Token so you aren't relying solely on other people's Tokens".
There will be multiple routes that money comes from. For example, once you create a Token, and your Token is 1 cent each, you could sell 100 of your Token to your friend in person, not on the Market, and they would give you $1 and you would send 100 Tokens to their account. And if that person has never used Cryptocurrency in their lives, now they have access to Cryptocurrency and can start speculating and Day Trading with the Tokens they got from you.
Another example, AURA holders, they will be creating Tokens, and Buying other people's Tokens with AURA and their Tokens. So they will have money going in to it, but if they are buying right now then they don't have to worry about the speculative fluctuations taking down the price, because once the YouStock Platform launches, the price of AURA will probably never go as low as it is now, again. So the only way we are benefiting from loss there is from people who come in later and Buy AURA at $1 or $5, they may lose money. But they could also create their own Token and become part of the economy.
Then there are current Bitcoin and Ethereum holders, they will invest randomly. And may lose some money, but if they are smart they will invest in Tokens when they are low in value, and do so when Ethereum or BTC is on the way down anyways. Then they can wait for their Tokens to go up in value, and trade out for more ETH or BTC than they started with.
Then there will be other exachanges. Because even though your Token is automatically on the AURADEX, that does not mean you can't do the petitioning, or paying the exchange to get listed on another exchange. And this will open up the Market to various Tokens and full Blockchained Cryptocurrencies like Bitcoin, Doge, Litecoin, etc. So there will be Tokens that open us open to other Markets. For example, say we are all on the AURADEX, and I get my Token on Bittrex, or Etherdelta or Binance. Then suddenly we can all go on the AURADEX, use your Tokens to Buy my Tokens, then send my Tokens to the second exchange, and instead of just AURA and ETH being the way out of the Market, there will be tons of other Coins.
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