We know that token/ Ethereum contract that no one interacts with is as good as dead.
Then it's logical that token contracts should reward users for good behavior or punish users for laziness - a.k.a - interactions!!
Introducing PROOF OF LIFE TOKEN ("ALIVE") - the first intelligent token that strives to live (of course given gas limitations
).
ALIVE is an ERC20 token that has the following features:
1. 100% airdropped to users through a smart contract - starting at around 9523 per claim and decreasing at 0.5% at every successive airdrop.
All you have to do to claim the airdrop is to send a 0 eth transaction to the contract address (0x1e0c1f1ef51bfc6f9c7e1cca86574c7fc3d3a050) with a high gas limit (300,000+)2. Limits airdrops to 1/ account
3. ~1 million token generation hardcap enforced by contract with a 5% developer fee
4. Contract wakes up after
100 airdrops and
starts punishing users with oldest activity (only transfers or trades qualify as activity - minting doesn't) by slashing their token holding to half - whenever another user initiates an activity!!
5. Contract only slashes External Owned Accounts (EOAs) and not contract accounts - thereby protecting DEX pools like uniswap - thereby enabling trades
6. All of the above enabling a token that aggressively goes down in supply
I have to admit that in launching this I have drawn from the experience of a large number of ERC20 experiments that have been launched decently. Irrespective of if they have failed or survived, they have helped in creation of this unique structure for ALIVE. So that you developers and experimenters.
Hope you guys like it too and have fun. Spend money at your own risk in trading if you want to but don't invest too much. I would suggest holding off trading for a few days to ensure the contract doesn't break. Also read the contract code on etherscan so that you know what you are dealing with.
I am opening a discord purely to facilitate discussions. Feel free to join and let me know what can I do next:
https://discordapp.com/invite/rKkzSXU