fabrik42
commented
6 years ago Das hier habe ich noch von letztem mal:
How do you summarize your project?*
An ecosystem to create regional crypto currencies to support local businesses in rural areas.
It provides insights and management tools for the issuer and mobile wallets that are easy to use.
Tell us more about your project!
This is your opportunity to tell us interesting details about what makes your project unique and what makes it a winner!
In many regions across the world, people (mostly local trade associations) invent their very own local currency, usually to incentivize buying from local businesses.
In most cases, this is achieved using some sort of paper coupons. The process of issuing and distributing such coupons is cumbersome and often degrades the local currency to be used as gift vouchers instead of a real currency that is used in daily life. It is also very hard for local trade associations to track the usage and success of such coupons.
The CNDY (pronounced "candy") project provides the necessary tools to solve these issues. Instead of having to rely on paper coupons, the local community can easily create a virtual currency that is easy to use for everyone!
CNDY can:
- create a custom currency on the Stellar Network
- abstract away creating and funding the underlying Stellar account necessary to use the new currency
- create the necessary trustlines and distribute tokens to the newly created account
- provide a mobile wallet that can be used to easily pay with the local currency
- show insights about the adaption and usage of the currency in real time.
CNDY enhances the Stellar ecosystem to embrace white label currencies, so the end user does not have to bother with the funding of a Stellar account and other technical details.
CNDY creates additional services beyond the possibilities of the traditional paper coupon: Detailed analytics for the local trade association, transparency by using the Stellar blockchain. It is possible to easily transfer and pay with the new currency, making it a real alternative to the regular currency.
Example: The CNDY Token
As a proof of concept, we've created a CNDY token on the Stellar Testnet.
The keys required issuer and distributor keys are included in the CNDY CLI.
Feel free to issue and distribute CNDY tokens as you will! You can track the status of the CNDY coin in realtime on cndy.store.
Workflow
The issuer of the new currency uses the CNDY CLI (written in NodeJS) to create a custom currency, the necessary accounts for the issuer and distributor and the required trustlines.
Once the currency is created, the CNDY CLI takes away the effort of setting up new accounts for customers. The account:create:test creates a new key pair, funds the account on the Stellar Network with a few Lumen, creates a trustline for the custom currency and finally transfers a given amount of the custom currency to the new account. In the end it presents the private key in form of a QR code on the screen of the issuer. All the customer has to do is to scan this QR code with his CNDY wallet (NOTE: The wallet is not usable yet), and he is ready to use the new currency to purchase goods or share it with other people in the community.
Known issues
- We've implemented support for streaming Stellar effects for the Stellar Go SDK and filed a pull-request. Feedback is welcome!
- We plan to use Stellars multisig features to ensure the initial funding of new accounts (which is funded by the issuer) can not be exploited while making sure the private key never leaves the customers device
chr4
Hier die Themen, zu denen wir was schreiben müssen!
[x] Gewerbeverein Gespräche in Galactic Talk?