am eager to design my own erc20 (probably) token. I know very little about coding tokens. I am a great web dev, so I have something to offer to my own project:) My development ability is a cornerstone and reason for my token project...
I have a question about the feasibility of coding specific functions. I assume anything I think up IS possible, but i'm here to ask. Is it possible, does it exist already, how difficult, even how much I might have to pay someone etc.
I'm of the believe that before considering the possibility of creating a token. You should have already thought out an idea for the working product. And what problem you aim to solve.
This is what you would use as a bargaining chip when looking for partners.
I don't think developers should offer paid services. They are the people who would build your team, with their different skill sets.
Q: is it possible to create a 'mintable' coin, where the token holders vote on the amount minted, then who's wallet it goes to? This is a DAO idea, where no single person mints tokens, but community votes how many tokens shall be minted, and whom they go to.
Further: The actual token 'minted', then 'sent' to the wallet should be an average, but an average weighted by the amount of each 'voter' holds. In other words, the more tokens a holder has, the more weight his number carries in the 'average' result.
Problem: someone could send a number which is not honest, saying 10000000 when the mean is more like 900. It would need to exclude numbers too far from the mean, so that no one can easily skew the 'average' much with dishonesty.
It is very possible to do so, I know of a couple of platforms that do so.
But you said you plan on creating a 'token' not a coin, and tokens can only fit into the algorithm of the platform it's built upon.
In any endeavour, you can't accurately plan it out from the onset, take the first step, concentrate on the key factors.
The team
The product
And the process.
And take it a step at a time.
