dedavid (OP)
Newbie
Offline
Activity: 3
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 18, 2020, 12:21:29 PM |
|
In 2017, CryptoKitties project has been so popular in blockchain applications. According to DappRadar, CryptoKitties users flooded ethereum’s blockchain caused Ethereum congestion and daily active users peak was reached 14,914 in December 2017. However, crytpo user lost their interests for CryptoKitties quickly as well. CryptoKitties’s daily active users for now is around 46.
Vitalik Buterin bought forward an on-chain decentralized exchanges idea called “x*y=k market maker”, k for some constant. inspired by the Vitalik, Uniswap using this constant equation to create liquidity pool which provides liquidity for ERC20 tokens, its trading volume surpassing $1.76 billion in August.
Learned from the automatic market maker and the Uniswap, I am developing a multi-chain wallet game framework call “STONE”, which would embed wallets of different protocols and connects players of different games. There are traits following:
Swapping wallets of protocols that corresponding to different games to STONE, players can login the game by wallet
Token+ Stablecoin, user can exchange token for stable coin, game points.
Automatic market maker on this multi-chain wallet
Assuming that X token is USDT(stablecoin) and Y token is the token of any projects.
If one user wants to purchase more project tokens, and it will result in a shortage of project tokens and increased the amount of USDT, meaning the price of project token will higher.
The first user that deposit two tokens provides liquidity to the wallet, but doesn’t decide the exchange rate. However, the exchange rate will change according to the deposit quantity of USDT and the project token by the first one liquidity provider. The exchange rate of USDT/TOKEN provides arbitrage opportunities for trader, the transaction fees for liquidity providers.
|
|
|
|
fiulpro
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 18, 2020, 03:13:37 PM |
|
In 2017, CryptoKitties project has been so popular in blockchain applications. According to DappRadar, CryptoKitties users flooded ethereum’s blockchain caused Ethereum congestion and daily active users peak was reached 14,914 in December 2017. However, crytpo user lost their interests for CryptoKitties quickly as well. CryptoKitties’s daily active users for now is around 46.
Vitalik Buterin bought forward an on-chain decentralized exchanges idea called “x*y=k market maker”, k for some constant. inspired by the Vitalik, Uniswap using this constant equation to create liquidity pool which provides liquidity for ERC20 tokens, its trading volume surpassing $1.76 billion in August.
Learned from the automatic market maker and the Uniswap, I am developing a multi-chain wallet game framework call “STONE”, which would embed wallets of different protocols and connects players of different games. There are traits following:
Swapping wallets of protocols that corresponding to different games to STONE, players can login the game by wallet
Token+ Stablecoin, user can exchange token for stable coin, game points.
Automatic market maker on this multi-chain wallet
Assuming that X token is USDT(stablecoin) and Y token is the token of any projects.
If one user wants to purchase more project tokens, and it will result in a shortage of project tokens and increased the amount of USDT, meaning the price of project token will higher.
The first user that deposit two tokens provides liquidity to the wallet, but doesn’t decide the exchange rate. However, the exchange rate will change according to the deposit quantity of USDT and the project token by the first one liquidity provider. The exchange rate of USDT/TOKEN provides arbitrage opportunities for trader, the transaction fees for liquidity providers.
It's not only that , most of the time there are numerous tokens in the market and therefore it's really hard for the users to choose which one to invest in. Many tokens stays unrecognized for a long time and eventually die. Therefore even before this what's more important is the ICO's focusing on the project , what do they have to offer that other tokens don't ? This is always the question which attracts the Investors towards them , the market is flooded by the tokens right now , what an average Investor sees is : Option to invest in already successful one or take a chance!! Therefore most of the people actually try and go for the first option. Larger Investment opportunities do provide liquidity , but at the same time I do think even the supply does determine how highs and lows are going to be there in the value.
|
|
|
|
dedavid (OP)
Newbie
Offline
Activity: 3
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 24, 2020, 02:53:34 AM |
|
In 2017, CryptoKitties project has been so popular in blockchain applications. According to DappRadar, CryptoKitties users flooded ethereum’s blockchain caused Ethereum congestion and daily active users peak was reached 14,914 in December 2017. However, crytpo user lost their interests for CryptoKitties quickly as well. CryptoKitties’s daily active users for now is around 46.
Vitalik Buterin bought forward an on-chain decentralized exchanges idea called “x*y=k market maker”, k for some constant. inspired by the Vitalik, Uniswap using this constant equation to create liquidity pool which provides liquidity for ERC20 tokens, its trading volume surpassing $1.76 billion in August.
Learned from the automatic market maker and the Uniswap, I am developing a multi-chain wallet game framework call “STONE”, which would embed wallets of different protocols and connects players of different games. There are traits following:
Swapping wallets of protocols that corresponding to different games to STONE, players can login the game by wallet
Token+ Stablecoin, user can exchange token for stable coin, game points.
Automatic market maker on this multi-chain wallet
Assuming that X token is USDT(stablecoin) and Y token is the token of any projects.
If one user wants to purchase more project tokens, and it will result in a shortage of project tokens and increased the amount of USDT, meaning the price of project token will higher.
The first user that deposit two tokens provides liquidity to the wallet, but doesn’t decide the exchange rate. However, the exchange rate will change according to the deposit quantity of USDT and the project token by the first one liquidity provider. The exchange rate of USDT/TOKEN provides arbitrage opportunities for trader, the transaction fees for liquidity providers.
It's not only that , most of the time there are numerous tokens in the market and therefore it's really hard for the users to choose which one to invest in. Many tokens stays unrecognized for a long time and eventually die. Therefore even before this what's more important is the ICO's focusing on the project , what do they have to offer that other tokens don't ? This is always the question which attracts the Investors towards them , the market is flooded by the tokens right now , what an average Investor sees is : Option to invest in already successful one or take a chance!! Therefore most of the people actually try and go for the first option. Larger Investment opportunities do provide liquidity , but at the same time I do think even the supply does determine how highs and lows are going to be there in the value. this is a game platform, i want to develop a game platform that brings liquidity for both game and crypto markets.
|
|
|
|
RussianEnglishTranslation
Jr. Member
Offline
Activity: 840
Merit: 6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2020, 06:03:22 AM |
|
bump for interest
You have a github for this?
|
|
|
|
BestNever
Newbie
Offline
Activity: 2
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2020, 12:30:32 PM |
|
Sounds interesting, But the crypto game market has no user right now. It is so hard for game developer join the Crypto world.
Who say it can't be the next Uniswap? Demand and supply decide the price of anything.
|
|
|
|
BestNever
Newbie
Offline
Activity: 2
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2020, 12:46:30 PM |
|
In 2017, CryptoKitties project has been so popular in blockchain applications. According to DappRadar, CryptoKitties users flooded ethereum’s blockchain caused Ethereum congestion and daily active users peak was reached 14,914 in December 2017. However, crytpo user lost their interests for CryptoKitties quickly as well. CryptoKitties’s daily active users for now is around 46.
Vitalik Buterin bought forward an on-chain decentralized exchanges idea called “x*y=k market maker”, k for some constant. inspired by the Vitalik, Uniswap using this constant equation to create liquidity pool which provides liquidity for ERC20 tokens, its trading volume surpassing $1.76 billion in August.
Learned from the automatic market maker and the Uniswap, I am developing a multi-chain wallet game framework call “STONE”, which would embed wallets of different protocols and connects players of different games. There are traits following:
Swapping wallets of protocols that corresponding to different games to STONE, players can login the game by wallet
Token+ Stablecoin, user can exchange token for stable coin, game points.
Automatic market maker on this multi-chain wallet
Assuming that X token is USDT(stablecoin) and Y token is the token of any projects.
If one user wants to purchase more project tokens, and it will result in a shortage of project tokens and increased the amount of USDT, meaning the price of project token will higher.
The first user that deposit two tokens provides liquidity to the wallet, but doesn’t decide the exchange rate. However, the exchange rate will change according to the deposit quantity of USDT and the project token by the first one liquidity provider. The exchange rate of USDT/TOKEN provides arbitrage opportunities for trader, the transaction fees for liquidity providers.
It's not only that , most of the time there are numerous tokens in the market and therefore it's really hard for the users to choose which one to invest in. Many tokens stays unrecognized for a long time and eventually die. Therefore even before this what's more important is the ICO's focusing on the project , what do they have to offer that other tokens don't ? This is always the question which attracts the Investors towards them , the market is flooded by the tokens right now , what an average Investor sees is : Option to invest in already successful one or take a chance!! Therefore most of the people actually try and go for the first option. Larger Investment opportunities do provide liquidity , but at the same time I do think even the supply does determine how highs and lows are going to be there in the value. People will choose the scam coins because they have earned from the scam coins at the beginning. That's the market. I know some people have no choices, they believe the scam project will become the next Bitcoin and will help them get rid of poor. They borrow money from bank and friends to invest cryptocurrency. Everyday living with paycheck to paycheck. Not everyone has the chance to make a living
|
|
|
|
bitgolden
Legendary
Offline
Activity: 2912
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2020, 06:39:41 PM |
|
Talking about your project on bitcointalk is not really a great idea, if it was for people here they would have said satoshi was an idiot for working on bitcoin before he released it if he ended up asking their advice here and they would have laughed at his face and few years later try to get as much bitcoin as they can.
However you have to actually work on something a bit further than just half a page of explanation before you can get a good review as well, even if what you are working on is bad or great it needs to be a bit further developed in, otherwise it is just an idea and we all know ideas worth absolutely zero and all ideas are horrible until execution shows how it is not bad. So I would say work on this a bit more, have some design and some details and share it again, that might get different results.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
B1RST1X
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 26, 2020, 08:44:53 PM |
|
Talking about your project on bitcointalk is not really a great idea, if it was for people here they would have said satoshi was an idiot for working on bitcoin before he released it if he ended up asking their advice here and they would have laughed at his face and few years later try to get as much bitcoin as they can.
However you have to actually work on something a bit further than just half a page of explanation before you can get a good review as well, even if what you are working on is bad or great it needs to be a bit further developed in, otherwise it is just an idea and we all know ideas worth absolutely zero and all ideas are horrible until execution shows how it is not bad. So I would say work on this a bit more, have some design and some details and share it again, that might get different results.
I agree with you, I also lack more information about this project, but I think this guy needs to be given the opportunity to implement a prototype and show the implementation of this idea. Overall it looks good.
|
|
|
|
paula invest
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 04:32:33 AM |
|
this is a game platform, i want to develop a game platform that brings liquidity for both game and crypto markets.
I have not fully understood the concept of your project and its perspective, but the idea looks great. Many coins really need more liquidity and the gaming industry is very well suited to increase it as it develops and grows very quickly.
|
|
|
|
cryptoperkele
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 889
Merit: 60
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 04:44:40 AM |
|
this is a game platform, i want to develop a game platform that brings liquidity for both game and crypto markets.
Can you ELI5 on how would this work with rare collectables? What incentives would the liquidity provider get? Maybe i am stupid and just don't get what you are trying to build.
|
|
|
|
xavierScott
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 10:48:57 AM |
|
Do you already have any samples of the future platform or is it just an idea so far and has not been implemented? I think you need to provide more information about your idea and its implementation. Do you have a GitHub account?
|
"The most decisive actions of our life ... are most often unconsidered actions." Andre Gide
|
|
|
Gregrson
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 12:41:36 PM |
|
The crypto market is now overrun with low liquidity tokens, so I think your platform should have a positive impact on most of these tokens. But for an objective assessment, we need to have more information.
|
|
|
|
bambaleyla4
Newbie
Offline
Activity: 19
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 02:02:30 PM |
|
When are you planning to create the first workable version of your platform? So that we can evaluate its functionality and see the idea in a real product
|
|
|
|
Rustamm
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 532
Merit: 18
Bitcoin lover!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 02:18:33 PM |
|
I remember the CryptoKitties project, it was very popular then, I would say that it was a hype. But it seems to me that the problem due to which the project did not become successful was in the throughput of the Ethereum network, since it is not adapted to a large number of transactions per second, and also the commissions are too high for making micropayments. This year, commissions on the Ethereum network have broken all previous records, so I think that the launch of any projects using Ethereum should be postponed until the transition to Ethereum 2.0, then the network bandwidth will be higher and the commissions will be lower, which will have a positive effect on the development of all dApps.
|
|
|
|
Blackdeg
Newbie
Offline
Activity: 10
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 03:04:09 PM |
|
I have always liked projects that are trying to combine cryptocurrencies with the gaming industry, as cryptocurrencies need liquidity and wider application, and the in-game industry is one of the fastest growing industries in the world.
|
|
|
|
paula invest
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 03:13:18 PM |
|
I have always liked projects that are trying to combine cryptocurrencies with the gaming industry, as cryptocurrencies need liquidity and wider application, and the in-game industry is one of the fastest growing industries in the world.
Yes, you are right, it is a good idea to integrate cryptocurrencies with the gaming framework, but I would like to see more information about STONE. I saw similar frameworks, but they all had a bad implementation, let's see how this framework will be implemented.
|
|
|
|
Jizel
Newbie
Offline
Activity: 252
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 05:46:39 PM |
|
I am interested to know which games you want to connect your framework to and perhaps you already had a conversation with game developers?
|
|
|
|
Diamond_Darrell
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1106
Merit: 103
♦♣♥♠
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2020, 07:34:39 PM |
|
Great idea. There is only a little left. Find someone who will do all this: write code, solve legal issues, engage in promotion, etc.
|
|
|
|
paula invest
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 28, 2020, 09:08:51 AM |
|
I remember the CryptoKitties project, it was very popular then, I would say that it was a hype. But it seems to me that the problem due to which the project did not become successful was in the throughput of the Ethereum network, since it is not adapted to a large number of transactions per second, and also the commissions are too high for making micropayments. This year, commissions on the Ethereum network have broken all previous records, so I think that the launch of any projects using Ethereum should be postponed until the transition to Ethereum 2.0, then the network bandwidth will be higher and the commissions will be lower, which will have a positive effect on the development of all dApps.
The bandwidth problems of the Ethereum network have indeed caused some projects to fail to grow and scale. Therefore, everything must develop and grow at the same time.
|
|
|
|
bambaleyla4
Newbie
Offline
Activity: 19
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 28, 2020, 10:29:40 AM |
|
The capitalization of stablecoins is constantly growing, so I think it is a good idea to create something like STONE and increase the liquidity of most tokens. But I would like to see how this framework will be implemented.
|
|
|
|
|