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Author Topic: How to Conduct a Token ICO using Steem-Engine  (Read 113 times)
Tokenista (OP)
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September 30, 2020, 07:33:41 AM

This is going to be a Guide for Conducting a Token ICO. This can be translated to any User Issued Asset (UIA) or other Token that exists on a liquid platform which automatically lists the Token. I will explain what Tokens are so everyone understands, as well as show some examples. I will show how to do both the Free ICO Model and Token Sale Model.


This is a video Guide for using Steem-Engine

In the Video an old app is used for the Password, you can now use the KeyChain Extension for Mozilla or Google Chrome.

Once you get used to Steem-Engine you can launch a Token for 100 STEEM which is only about $15.00 at this moment, when the value of STEEM goes up, the bar to entry will be higher as 100 STEEM might be $50.00 soon, or $100.00, etc. So try to understand Steem-Engine and put a Token up when you can, I will write a full guide for making a Token soon.


The first Tokens were Bitshares Assets on OpenLedger. These were made to be distributed like Stocks, or Certificates of Ownership of something with 1 Token = to 1 Unit, or like Concert Tickets. These then became the place where Initial Coin Offerings (ICOs) started.

The second Tokens I was ever aware of were Ethereum Smart Contracts. A Smart Contract is basically a code that executes exchanges as designated. A Smart Contract is built on the Ethereum Blockchain in geth, which is the native Ethereum language, usually in the form of an App, called a dApp, hosted on the Ethereum Blockchain. Geth is used to create the exact perameters of the Smart Contract.

The most well known Smart Contract is probably Cryptokitties, which was like a super simple Collecting game. The Tokens were Cats, which had Contracts governing them. They would breed, and make more Cats and you could sell them for Ethereum, the rarest ones sold for Hundreds of Thousands of Dollars.

Mark Cuban has a Token called Unikoin which is video game bets using Tokens. PGL is a Token used in the Ethereum dApp Game called Prospectors. You mine or earn Gold in the game, which converts to PGL.

Token Sale or Free ICO

When conducting an ICO you have to decide if you are going to sell Tokens, or give them away for Tasks, Bounties, etc. Ethereum Tokens were built to be sold, and Tools were created put in place machanisms to send Ethereum to an address and Tokens would be automatically issued to your Ethereum Wallet. But this limits it to Ethereum users, who have Meta-Mask or other sometimes confusing Ethereum Tools.

Steem-Engine is simple, like Bitshares Assets, with a much slighter learning curve than OpenLedger, lower Price Entry, and an entire Crypto fueled Social Media Platform attached, Steemit.

Token Sale ICO

In a Token Sale ICO you make an Announcement post here, and on where you call it:

You would there put all the information and links for your coin, the Market Link. And in a Token Sale you add that you are selling the Token.

You would say maybe:
"Send 1 STEEM or SBD to @yourusername and receive 10 My Tokens"

If you do this you need to create a community on Steemit, Facebook and Discord if you can, and make everyone aware of every move you make because they are the ones directly funding you, and they see it as an investment.

And you must do Buy Backs and Token Burns or you are stealing from someone.

Free ICO

In a Free ICO you create similar announcement pages and groups, and list Tasks to be done, where users can report Tasks finished, and what they will earn. Then you should do Airdrops, meaning find random active Steem-Engine users and send them a non-substantial amount of Tokens, meaning an amount that they can't go kill the Market with.

If you are Selling Tokens, do NOT Airdrop, that is giving Free Tokens when others paid. It will hurt the Market, and Investors seeing their money dwindling might sell, causing a chain reaction of sales, and Buyers taking the Buy orders off the Market. If you are Conducting a Free ICO Airdrop, and someone wants to Buy your Free Token, they understand the risk and clearly intend to hold the Token and you may sell it to them at a reasonable price. But do not Airdrop a Token you are primarily selling.

When issuing a Free Asset you alert the users when a Dump is coming, allowing them to prepare to buy cheap Tokens. You then use the Funds to create something profitable for the community, or schedule a Buy Back. A Buy Back coming will trigger Buy Orders, because people want to buy a cheap coin that has a legitimate promise of being bought back.

Buy Backs

When doing a Buy Back, funds have to be secured first. There is then a Countdown, usually months out. You tell Token holders how much is going to be used in the Buy Back. Users can then Buy up whatever is on the Market, this allows you to secure an even larger amount by selling to them. Do not Flood the Market without Warning.

After a Buy Back, there were 2 Price raises.

1. When they bought what was on the Market, and relisted it for sale at a higher price. This innately raises the price as everyone collectively unconsciously agrees the Coins are worth more.

2. When you Buy the listed Tokens, as you Buy up the Tokens listed for higher prices, the price innately goes up. And you can now take those Tokens and list them even higher.

Token Burns

There is also a Buy Back and Burn, which could be as simple as creating a Steemit account, never saving the password, and sending Tokens there. Token Holders can then Track the number of Tokens in Circulation, and the number Burned. This way it becomes rarer and rarer, and therefor more valuable than it was before the Burn.

This also gets into the Existing Supply, Total Supply and Decimals, which are set during Token creation and this becomes more important as the Token becomes a Currency.

Token Discussion Community

We will be helping people create Tokens and help Incubate them here.
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October 05, 2020, 07:23:47 AM

This is a very cool idea and I expect more people to use the token on the STEEM platform
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November 04, 2020, 03:16:37 PM

If you have skill as a Programmer want to Upgrade BLURT, these are the Steemit git Repos for Smart Media Tokens (SMT) which are now most well known from Steem-Engine/Hive-Engine Tokens made by Aggroed, DTube and APPICS (Scot Bots). If you were to implement any of this, you could then announce it on BLURT and both earn BLURT and Trade Tokens for BLURT. You could be the BLURT Aggroed:
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November 20, 2020, 07:58:17 PM

Punic Copper [PUCO] and Punic Tin [PUTI]

These is the first of several Punic and Shaivite Tokens and Chains that will be made to spread Religious Currency for the Trade of Religious Materials such as Books, Seeds, Gemstones, Herbs, etc. I will begin Punic Copper airdrops soon.

The Family of Cryptocurrencies will serve to educate the masses. If a person just off the Crypto-boat understands the Punic Family of Currency, they can compare it to each other Token and Chain like a Rosetta stone "Oh, Punic X is like Bitcoin, Punic X is like Graphene" etc as they move beyond the Punic Ecosystem.

This is also how understanding Ancient Mysteries and Ancient History works, it is not 1 groups story, it all relates back to each other.

"Not only were Moors well versed in it, they were the originators of [Mystery Schools]" - Madame Blavatsky

In 1837 James Stein proposed that the Earth could be used as a Circuit (Grounding Wire) and that Earth?s magnetic field had Electrical Currents. In 1839 Alexandre Edmond Becquerel discovered Photovoltaics, now called Solar Power.

This is a good non-Theistic quote that can help you begin to understand Gods.

"Before there were intelligent beings, they were possible; they had therefore possible relations, and consequently possible laws. Before laws were made, there were relations of possible justice. To say that there is nothing just or unjust, but what is commanded or forbidden by positive laws, is the same as saying that, before the describing of a circle, all the radii were not equal." -Charles Louis de Secondat, Baron de Montesquieu, Complete Works, vol. 1 (The Spirit of Laws) [1748]

Gandhi used the metaphor that if a Villager in India does not know the name of their British Governor, why should he understand God who is dissociated physically from himself in a far  greater way than the Governor to the Villager. Gandhi compared it to Natural Law, which is what Newton wrote about. Zeno, the Stoic, called it "Divine Will". Jesus said it was not in the Jots and Tittles of the Law. And King Tut found it in the Heiroglyphs of Worm Eaten Scrolls. Polybius was an educated Roman Prisoner who wrote the History of Rome living to be very old for that time. He claimed the Ancients gave the people fear of Gods and Hell to control them, but that the moderns (200 BC-ish) were too rash for trying to ban them. So even some Educated Ancient people misunderstood the Gods and thought they were just stories. But Gods exist and may be invoked by Theurgy, or Mimickry. And retained through Mnemonics. Some just come regardless.

Gandhi also said that while the Villager might not know about the Governor, he knows God Rules the land.


Punic Copper [PUCO] will be airdropped using the Token Bulksender dApp:
Post your TRON address in this Thread to participate.

Here is the Bulksender git to Clone

They will also be available for various tasks, and anyone who wants to Buy Bulk can get 5 PUCO for every 1 TRON. I will be teaching others how to make these Tokens, so if you want to know how just ask.

PUCO Specs:

700,000,000 Total

350,000,000 Frozen for 900 Days

Up to 100,000,000 for Airdrops, Ambassadorships, etc.

Up to another 100,000,000 to go Towards Bounties, Tasks and Development of the Punic Wax Project. Bounties and Tasks will also take any Leftovers from Airdrops and Ambassadorships.

150,000,000 to Provide Liquidity and pay Project Team Members, with a focus on keeping the price unaffected by this. We will not let our own Team lower the price on the Stakeholders without informing them of any Development coming that must be paid for. Team Pay will be given out fairly to those providing Service to the Project, and all the shareholders.

We will conduct Buybacks and have Products you can Buy with Punic Wax Project Currencies.

We will put the 350,000,000 that is released after 900 days to some Charitable use whether it be a rewards distribution, funding of something larger, or many small 3rd party projects. But whatever the 1/2 that is Frozen is used for will benefit the Punic Wax Currency holding Community, and we will probably create a DAO to hold the coins in kind of a Trust Fund to be accessed by stakeholders and Distributed as Decided by the DAO.









PUTI Specs:

2,000,000,000 Total Supply

Distributed after 7 Days to accounts who use certains Tags on Steemit, when they are also then Voted on by Steemit Users who have PUTI in their Steem-Engine Wallet.

upvu, ulogs, dliker, projecthope, dtube, canna-curate, punicwax

65% of Rewarded PUTI goes to the receiver of the Vote, 35% goes to the Voter giving an incentive to Buy and Hold to earn more.

Every year reward goes down 5%.

1 Token is minted every minute from the 2,000,000,000 to make up the daily reward Pool: 60 × 60 × 24 = 86,400 PUTI per day, - 5% per year, so this Token will be distributed for at least 64 years.

I distributed 10,000 Tokens to each Upvu, Dlike, Canna-Curate, Project.Hope and 15,000 to myself. I have Steem-Auto set not to fall below 92% following several Curation Trails.

Voting Power to distribute that Pool is based on your share of existing Tokens. Every time you Vote, your Voting Power goes down 2% and it takes 432000 seconds to regenerate from 0% to 100%.

Coming Soon

The 1st Punic Currency in 2,000 Years!!!:

Historians don't know who the Plebians actually were, and they had a Triad with 2 Women (Libera and Ceres), it's not hard to figure out:

The Phoenicians had spread Farming and Gods, Art, Marriage, etc. During the Second Punic wars Spain was called New Carthage, or Nuevo Cartago or Nuevo Kartago. It was ruled by Hannibal Barca, whose last name meant "Thunder" and he inherited by his father. As a child he had been on a mountain in a Mercinary camp run by his father, learning about languages and war. Hannibal worshipped Eshmun, Hera and Hercules, and when Rome declared war on Carthage, Hannibal wasted no time and immediately went across Spain and France rounding up Horse worshipping Tribes. Then followed a route only taken by Hercules before him across the Alps losing 1/3 of his men and all his elephants, supposedly using Fire and Vinegar to destroy rocks along the way.

When he entered Italy he defeated various Roman Generals and Senators. Rome banned the word peace and for 15 years Italy was ruled by Hannibal, who made an alliance with Alexander the Great's, great great great great grandson, and Rome began burying their own people alive to atone to the Gods, and after consulting their Sibylline Books and the Oracles at Delphi, they accepted the Phrygian Goddess Cybele into their Pantheon. The Rural Goddess, the Goddess of the farming Colonies established by the Phoenicians for a thousand years before Rome began to expand. They then followed the advice of the young son of a dead general, went to Carthage and systematically burned it down for months. Destroying thousands of years of History, likely retained in the Library of Alexandria which is now destroyed.

This would also inadvertantly solidify a large part of human history. When Rome accepted Cybele, or Ceres, they won the Third Punic war. They destroyed Carthage, Crucified 6,000 people as sold everyone who hadn't fled into slavery. But as the empire developed they discovered a Holiday among the former Phoenician taught rural communities. They celebrated the Winter Solctice by giving gifts, and worshipped Mithra, God of Contracts, Marriage and Promises. Tying a string on your finger to increase memory of something for later is a Mithraic Ritual. So, the Roman Government became a Mithraic cult, meaning that by winning the war, Rome had been changed forever.

Liber, the Male Plebian God is like Liberty, while Libera the Goddess is like Liberal. Ceres is like Cereal Grains.

Liber and Libera are Wine related Dieties. Ceres is a Work and Harvest Goddess, she has underlings that represent farms Jobs, similar to the Muses being the Arts. Each God being a duty.

Ceres is also the namesake of Wax, which is Cera in Ancient Languages. Beeswax was the first Wax, and the Priestesses used to be called Bees.

The U.S. Founding Fathers were aware of some of this. When Brutus and the Senate killed Cesar they held up a Phrygian Pole. The Phrygian Cap was worn by freed Roman Slaves, so when Rome accepted Cybelle, they brought the Ides of March. Hannibal killed Cesar ultimately, or as Polybius put it "All that befell the Romans was of one man... one mind... Hannibal" -Polybius

I like putting everyone together and getting big things done. My favorite person in History is Hannibal Barca who was a General who only hired Mercinaries, few people he was with were his Race. And others would join just out of excitement in having seen any Victory over Rome for the first time.

And Hannibal led while sleeping in the Dirt.

If Hannibal wouldn't do it, he wouldn't send someone else in front of him.

And he would actually keep people back to stay alive in case of a loss, and who could run in to help win if things went ok.

And he was never in the 2nd group.

The Scipio-Hannibal Debate Transcript

Here is just an example of how we will fulfill Buybacks.

We are Launching the Token both here and on BLURT (and STEEM, as it is a TRON Token), and I invested $1,000 in BLURT when it was under $0.02 each.

So as we grow on BLURT, some people will spend BLURT earnings on us. I will use my BLURT earnings to support Buybacks, and do the same with STEEM and other Currencies

We will have Steem-Engine and Hive-Engine Tokens supporting this also.

Here is how we are going to be creating Earnings that are not like Wages, but like an Oil Well

1. Blurt, Hive, Steemit + Minnow Support + Canna-Curate + Steemit Communities (APPICS, DLIKER, PunicWax, etc) + Hive Communities
2. SBD + HBD ---> Blurt
3. Blurt + Steemit + Hive + Canna-Curate on Bitcointalk
4. Steem-Engine Tokens + Hive-Engine Tokens + Steemit Communities + Hive Communities + Scot Bots
5. TRON TRC20 Tokens + Bounty0x
5. Blurt ---> STEEM Power
6. STEEM Power to Steem-Engine and Hive Engine, back and forth continuously selling Tokens and STEEM as needed for Liquid, or buying BLURT, etc..
7. DTube Clones
8. Blurt Forks
9. Several other Blockchains

We can also start trading Gold and Silver for Currencies, once a few people do that the value will basically be backed by Gold, and the person selling Gold for Blurt at $0.02 makes tons of earnings on the Blurt Moon Ramp.

SBD & HBD ---> Blurt Power
Curate and Continue until Blurt is $0.50 or $1.00

Cash out 1/3 Blurt at $0.50-$1.00

Buy STEEM Power at $0.15 or so

Be a Steemit Whale. Help new people earn SBD to buy BLURT.

It is like Built-In Buy Support, we just suggest to everyone "Hey, you know you can buy BLURT with your SBD/HBD earnings?"

And I want to explain that the price spike I am talking about is a Bubble. BLURT will be $1.00 and as high as $20.00 because it is new.

Supply and Demand
Trade Volume
Rarity as BLURT becomes BP

That is where the price spike it coming from and it can not be stopped, it is simply inevitable that BLURT will Bubble.

Economics 101

Currencies, both fiat and crypto, don't actually contain any value they simply represent value. They are called Trade Instruments, meaning, instruments that facilitate trade. Stocks are an example of trade instruments that aren't money, they have no actual value but they represent a share of a company and the company itself does the work that turns the profits that gives a share its theoretical value. All trade Instruments work along the same lines: Fiat is traded by banks and Foreign Exchange companies, Stock is traded on Stock Exchanges such as the New York Stock Exchange and Cryptocurrencies are traded on various Cryptocurrency Exchanges. All of their values are representations of real things, for example Stocks Represent created and distributed goods and services by a particular company, while fiat currency represents created and distributed goods and services of a nation. Both change based on industrial/technological/scientific/developmemtal, etc advancements within those companies or nations, as well as various factors such as Trade Volume and Inflation, War, or Political Upheaval. For example, because ISIS Soldiers stole tons of Gold from the Bank of Mosul, Iraqi Dinar are now not worth as much, because they don't have the Gold to back their currency, and their country is in a Civil War. If in the next 5-10 years Iraq were to become a Peaceful place where people wanted to invest their money, Iraqi Dinar would go back up. It is best to trade your trade instruments at the highest value possible and use them to buy real items, such as: Precious metals, Livestock, Software, Machines, Produce/Seeds, Land, Realestate, etc and then use those to get more trade instruments.

Trade volume is how many people are buying and selling a particular currency or stock. The more people who are buying it, the higher the value will rise.

An example of Inflation is when the United States starts printing too much money. When this happens a dollar starts being worth less, which in turn means it will take more money to buy the same materials. For instance, if you go to the store and one day Milk is $3/Gallon but then you go a few months later and notice it is $5/Gallon, this is because of inflation. Inflation also drives things like the minimum wage and social security checks, which are usually based on the cost of living. Cryptocurrencies with no cap will eventually inflate into eternity and lose value, unless they have a high trade volume.

Supply and Demand is the comparison of how many people want something against how many there are of that thing. For example, when Apple creates a new IPhone the value is higher than it really should be and as the technology slightly or drastically ages, the value goes down.

A Whale is a person who has a large quantity of a certain trade instrument and uses that to effect the markets. For example, if someone has 51% of a particular stock they could either sell them all quickly which would bring the value of that stock down, or they could hold on to all of them which makes them more rare and makes them more valuable.

Bubbles are when something is artificially high in value, 2 examples of this are: IPhones as mentioned before, and Gasoline. Gasoline raises in value based simply on the speculation that "one day we might run out", this creates bubbles which raises prices. But Gasoline will probably be replaced by ethanol before it ever even gets close to being used up.

Look at different exchanges- Sometimes you can get more on one site than you can on another site, for the same coins. And sometimes you can even buy coins on one site and sell them on another site for more. This works better when you are trading Crypto to Crypto rather than Crypto to fiat.

Use coins to create goods and services- Don't just use coins to buy random things, buy software and other goods that you can use to produce things or spend them on things like textbooks. Create a product if you can.
Promote your favorite coins- If you have a favorite coin and buy some, don't forget to share it on social media.
Create a currency- Satoshi gave out the Bitcoin source code so that people could make their own currencies.
Create an exchange- Transaction fees can earn the owners a lot of coins and you can help fledgling altcoins by offering them on your exchange.

Don't buy above spot- If you are trading coins for precious metals, check the current global value of that metal and buy as close to that value as you can.
Invest in foreign countries- Don't think America is the be all end all.

Steemit's First $30,000 Post

Cryptocurrency and Taxes

Voting and Witnesses on Steemit

How DogeCoin Overtook Other Currencies

STEEM?s USD Value will Climb Throughout the Year

How STEEM Can Become the #1 CryptoCurrency

Github Archive for STEEM App Developers

Tokenista (OP)
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September 24, 2021, 01:36:52 PM

Over the next month or so we will be creating about 70 Guides for BLURT with variations of the same guides for Steemit and HIVE, during this time we will be making several Announcements on Bitcointalk.

How to Create a BLURT Account

How to Post on BLURT
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