Tokenista (OP)
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April 23, 2021, 10:30:16 AM Last edit: April 23, 2021, 11:25:13 AM by Tokenista |
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I am going to go through some things about how a Stadium Currencies, or Convention Center Currencies would work. The goal is the same basic concept as the others, to take a kind of stagnant Market, or flowing Market, and spread it.
Let's look at both a Baseball/Football Type Stadium, which can hardly be used for anything but Baseball/Football, but has an opportunity to be a central location for other businesses to then grow from it around it, and an Official Merchandise shop, etc. Then also a Basketball, Hockey, etc. Stadium. We can go through the main difference fairly quickly and this will be expanded on, which is that the Baseball/Football Currency can be a Team Coin, so this is a whole different central concept than a Convention Center Coin, which can have various Teams, various events around it. The Team Coin could choose to do this also, and then any Hockey, Basketball Teams could have their own Team Coin also.
Team Currency The Baseball/Football Currency, is an Attention Token and Access Credit. People earn them at the Stadium, maybe even on the Screen while they are there, they need to be able to earn them in case they can't Mine. This is easier if you use the Witness, Super Rep framework, as Miners are Elected and rewards can be built in there, a percentage would be sent to an Award fund for the Stadium Distribution. The Witness, Super Rep Framework also requires though, that you create some means of earning. A Discord Channel that gives out coins for participation, or a DTube Clone or Steemit type Website so the Currency is able to be locked in wallets and used to weigh earnings with votes for Team Discussion. This also helps the value go up.
Then it goes on an exchange where fans should be told to Buy and HODL, or Buy and go use the new Website to earn more and help others earn more.
Then, Of Course the Team gets a percentage, these are used to create Team Support on the Platform with high weight, then also Cashed Out to fund whatever.
PUBLIC SERVICE ANNOUNCEMENT: There is a difference, if you make a difference, between dumping Coins, and letting the Community Buy Cheap. If the Team has 1,000,000 Coins, there are 10,000,000 in the World, each is $10.00, $100.00, $1,000.00, alert everyone before you dump the 1,000,000 Coins, or whatever percentage. The drop of Coins will lower the Price. Let them go spend their Coins in the online shop at the higher Price, aware that you are about to dump. This could drive Sales, then you dump. Maybe a $100.00 Coin goes to $50.00 due to the dump, and since you warned them, they Buy them up instead of Selling. The Price can go right back up to $100.00, and they maybe even bought stuff in the shop, and are selling it to others for now cheaper coins.
To Dump, you have to be Buying Coins back. You can't just say "Let the Market Fund itself" if you are dumping on it.
Then now, If you have a Stadium/Convention Center Currency, this can be used for all the Teams, but is more of a Direct Access Credit. These Tokens are used at the Stadium, it could also be like Staples Coin at Staples Center, AT&T Coin at AT&T Stadium (that us Football, but then there is also the possibility of a Team Coin and a Stadium Coin in that instance); PepCoin with Pepsi could be converted to Blockchain tech for Pepsi Center. For a Convention Center Coin the participants would come together to all use 1 Currency, and some Teams or groups wouldn't, any of them can also make their own.
If the Convention Center has enough Diverse Events it would maybe even be useful to have a DEX, with a Token Creation Tool for Clients to Launch and List Tokens on Your Blockchain and Your DEX. So then the Convention Center would host a number of Currencies, but their Currency would be tradable for either Tickets, or Merchandise, or maybe even Vendor spots, people could also use it to Buy Food. Event days would thereby drive up the Price, and anyone Buying in off season is a Winner on Event Day.
I will write more about these soon, with University Token uses also.
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