Hello all friends, today I am here to present a project that I have had in mind for some time and which I hope all of you who are part of this community will enjoy.
COFFE COIN
This is the name of the project and the token I plan to bring to the HIVE community to give everyone a chance to have a morning coffee also in the crypto world of HIVE.
The idea is to create a token with a sustainable design that aims to keep the price of the currency stable and trying to avoid inflation, which is a recurring problem in the world of hive-engine.
ROADMAP
1 ) Creation of Coin COFFEE.
- Maximum supply 10 MLRD
Maximum supply of 10 MLRD for possible future upgrades and to make the token immortal over time.
- Precision 3
The precision of the token will be 3 digits after the decimal point so you can send up to a minimum of 0.001 COFFEE per transition.
Coffe-coin will be the account that can generate the token.
2 ) FUNCTIONS OF THE TOKEN
The token will be a TIP token, to send COFFEEs you will need to use the !COFFEE command. There will be 3 levels and at each level there will be extra functions.
This will work initially without staking and will be done like this:
3 ) TOKENS ISSUED
The amount of tokens issued will be a precise amount and will remain unchanged for 365 days.
- 1000 TOKENS
These tokens will be the ones available and purchasable by the community at the price of 0.10$ x token, in addition to this we are thinking of a way to purchase which will be explained on the @coffe-coin account on which from now on there will be all the token updates.
- 2000 TOKENS
These tokens will be those that will be found on the @coffe-coin wallet these tokens will be used to send tokens to those who use the command !COFFEE
- WHY 2000 TOKENS?
The reason is very simple...
Let's say for example that the 1000 tokens that will be offered for sale will only be distributed to 10 HIVE users, each user will be able to send 0.05 COFFEE for 5 times a day by commenting on a post or replying to someone and for each command earn 0.05 COFFEE.
0.25 is the total COFFEE sent each day*.
Now just multiply TOTAL of COFFEE sent x 10 which is the maximum number of users that will be able to have 100 COFFEEs in the wallet and so we end up with a maximum of 5 tokens issued each day
(this condition is only true if 10 users have 100 tokens in the wallet and all 10 use the !COFFEE command x 5 times a day)
Now let's multiply 5 that the maximum number of tokens issued each day x 365 days = 1825.
So the account would need at least 1825 tokens, but as these tokens will be issued it is likely that the number of commands will also increase over time and so we have decided to generate 2000 TOKENS for the whole year.
4 ) REPURCHASING COFFEE
One plan to combat an eventual drop in value will be to repurchase tokens each month from the earnings generated by saving HBDs.
This is how we would like to use the resources generated by the saving:
These are the resources generated each month from saving (RGM), the image below is how we would like to use the resources:
75% will be used to buy back tokens with a token purchase order.
25% will be put back into svagin.
Of the tokens we are going to buy we will put them back on sale at 0.10 HIVE more than the sale price at that time.
IF YOU HAVE ANY QUESTIONS FOR US, ASK BELOW!
IF YOU WANT EVERYONE TO KNOW ABOUT OUR IDEA AND YOU DON'T WANT TO MISS THE NEWS, DO THIS:
Follow @coffe-coin
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Tag a frined @ :)
thx for your love <3
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