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Subj: Snail tokens 🐌 (SNL)
I've been working on a suisatianble fast-slow token system that can
contribute to the regulation-free crypto economy,
without the need of further relying on FIAT.
Full paper is available at:
https://gitlab.com/takeshikodo/snl-wallet/paper.pdfThe main properties:
* Currently implemented as a simple mint/burn protocol, based on ERC20.
* Predictable liquidity, programmed in the smart contract.
* Resistence to pump'n'dump manipulations.
* Long-term storage of value.
Sustainability of the Negatively Amortized Instant Loans
Abstract. Blockchain evolution can be equally enabled by the new infrastructure, as well as, the new financial tools. This paper proposes a fast-slow token system called Satoshi Nakamoto Leverage (SNL), which can largely reduce overall volatility of purely virtual base assets like Ethereum (ETH). SNL smart contract is programmed as an artificially less liquid or slower crypto asset and provides a reasonable "storage of value" investment alternative. Further discussion covers SNL design, its implementation and market performance based on tests results and trading simulation analyzes.
| Symbol | SNL |
|----------|------------------------------------------------------------------|
| Wallet | [Wallet DApp](
https://takeshikodo.gitlab.io/snl-wallet) |
| Token | Snail token aka "Satoshi Nakamoto Leverage" |
| Domain | [slowsnail.eth](
https://etherscan.io/address/slowsnail.eth) |
| Contract | 0x3f243F1A635b3E55249222dAB9529441f5A2d594 |
| Gitlab | [snl-wallet](
https://gitlab.com/takeshikodo/snl-wallet/) |
| Paper | [paper.pdf](
https://gitlab.com/takeshikodo/snl-wallet/paper.pdf) |
Takeshi Kodo
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